Atlas Capital Advisors Inc. Sells 1,750 Shares of Enbridge Inc. (NYSE:ENB)

Atlas Capital Advisors Inc. reduced its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 50.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,750 shares of the pipeline company’s stock after selling 1,750 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Enbridge were worth $74,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ENB. ExodusPoint Capital Management LP bought a new position in shares of Enbridge during the fourth quarter valued at about $5,550,000. Arete Wealth Advisors LLC bought a new position in Enbridge during the 4th quarter valued at approximately $221,000. World Investment Advisors lifted its holdings in Enbridge by 33.1% in the 4th quarter. World Investment Advisors now owns 28,440 shares of the pipeline company’s stock worth $1,207,000 after buying an additional 7,067 shares during the period. Creekmur Asset Management LLC grew its position in shares of Enbridge by 18.4% in the 4th quarter. Creekmur Asset Management LLC now owns 59,684 shares of the pipeline company’s stock worth $2,532,000 after buying an additional 9,262 shares during the last quarter. Finally, Huntington National Bank increased its stake in shares of Enbridge by 2.1% during the fourth quarter. Huntington National Bank now owns 31,106 shares of the pipeline company’s stock valued at $1,320,000 after buying an additional 639 shares during the period. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Analyst Upgrades and Downgrades

ENB has been the topic of several recent analyst reports. CIBC reiterated an “outperform” rating on shares of Enbridge in a report on Wednesday, March 5th. TD Securities started coverage on shares of Enbridge in a research note on Wednesday, January 15th. They set a “buy” rating on the stock. Royal Bank of Canada increased their price target on shares of Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Finally, Citigroup started coverage on Enbridge in a research report on Friday. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.00.

Enbridge Stock Performance

Shares of ENB stock opened at $43.34 on Friday. The company’s fifty day moving average price is $43.45 and its 200-day moving average price is $42.62. The stock has a market cap of $94.44 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. Enbridge Inc. has a 12 month low of $32.86 and a 12 month high of $46.12.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The business had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. On average, equities analysts expect that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Enbridge Profile

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.