America First Investment Advisors LLC Cuts Holdings in Enbridge Inc. (NYSE:ENB)

America First Investment Advisors LLC reduced its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1.3% during the 4th quarter, HoldingsChannel reports. The fund owned 512,804 shares of the pipeline company’s stock after selling 6,885 shares during the period. Enbridge accounts for 4.8% of America First Investment Advisors LLC’s portfolio, making the stock its 12th biggest position. America First Investment Advisors LLC’s holdings in Enbridge were worth $21,758,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of ENB. Thrivent Financial for Lutherans boosted its position in Enbridge by 23.4% during the third quarter. Thrivent Financial for Lutherans now owns 46,685 shares of the pipeline company’s stock worth $1,895,000 after purchasing an additional 8,848 shares in the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of Enbridge by 19.6% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 20,161 shares of the pipeline company’s stock worth $818,000 after buying an additional 3,311 shares during the period. Cerity Partners LLC lifted its position in shares of Enbridge by 6.8% during the 3rd quarter. Cerity Partners LLC now owns 190,814 shares of the pipeline company’s stock valued at $7,749,000 after buying an additional 12,154 shares in the last quarter. Larson Financial Group LLC grew its stake in Enbridge by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 5,357 shares of the pipeline company’s stock valued at $218,000 after acquiring an additional 1,965 shares during the period. Finally, Centaurus Financial Inc. increased its holdings in Enbridge by 1.7% in the 3rd quarter. Centaurus Financial Inc. now owns 14,980 shares of the pipeline company’s stock worth $608,000 after acquiring an additional 256 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Enbridge Price Performance

Enbridge stock opened at $44.44 on Wednesday. The company has a fifty day simple moving average of $43.48 and a 200-day simple moving average of $42.42. The firm has a market capitalization of $96.84 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 3.92 and a beta of 0.95. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. Enbridge Inc. has a 52-week low of $32.86 and a 52-week high of $45.78.

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

About Enbridge

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.