Enbridge Inc. (NYSE:ENB) Shares Sold by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. trimmed its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 12.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,211 shares of the pipeline company’s stock after selling 2,761 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Enbridge were worth $692,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Planned Solutions Inc. purchased a new stake in shares of Enbridge during the fourth quarter worth $34,000. IFG Advisory LLC increased its position in shares of Enbridge by 3.9% during the fourth quarter. IFG Advisory LLC now owns 56,463 shares of the pipeline company’s stock worth $2,034,000 after acquiring an additional 2,123 shares during the period. Highland Capital Management LLC increased its position in shares of Enbridge by 14.5% during the fourth quarter. Highland Capital Management LLC now owns 17,235 shares of the pipeline company’s stock worth $621,000 after acquiring an additional 2,181 shares during the period. Tectonic Advisors LLC increased its position in shares of Enbridge by 11.2% during the fourth quarter. Tectonic Advisors LLC now owns 168,432 shares of the pipeline company’s stock worth $6,067,000 after acquiring an additional 16,928 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Enbridge by 3.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 61,977 shares of the pipeline company’s stock worth $2,251,000 after purchasing an additional 2,323 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Trading Up 0.5 %

Shares of NYSE ENB traded up $0.18 during trading on Thursday, hitting $36.17. 774,609 shares of the company traded hands, compared to its average volume of 5,479,541. Enbridge Inc. has a 1 year low of $31.03 and a 1 year high of $40.30. The company has a 50-day moving average price of $35.20 and a 200-day moving average price of $34.57. The firm has a market capitalization of $76.88 billion, a P/E ratio of 17.14, a P/E/G ratio of 3.37 and a beta of 0.83. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 1.30.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). Enbridge had a return on equity of 10.23% and a net margin of 13.97%. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $9.62 billion. On average, equities analysts predict that Enbridge Inc. will post 2.11 EPS for the current year.

Analyst Ratings Changes

ENB has been the subject of a number of analyst reports. Stifel Nicolaus started coverage on shares of Enbridge in a research note on Thursday, January 18th. They set a “hold” rating for the company. Jefferies Financial Group started coverage on shares of Enbridge in a research report on Tuesday, February 27th. They issued a “buy” rating for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $55.20.

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.