Roble Belko & Company Inc Sells 2,945 Shares of Enbridge Inc. (NYSE:ENB)

Roble Belko & Company Inc cut its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 50.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,945 shares of the pipeline company’s stock after selling 2,945 shares during the period. Roble Belko & Company Inc’s holdings in Enbridge were worth $106,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Harbor Investment Advisory LLC boosted its holdings in shares of Enbridge by 5.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 5,623 shares of the pipeline company’s stock worth $203,000 after acquiring an additional 280 shares in the last quarter. North Star Investment Management Corp. lifted its holdings in Enbridge by 24.6% during the 4th quarter. North Star Investment Management Corp. now owns 1,519 shares of the pipeline company’s stock worth $55,000 after buying an additional 300 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in Enbridge by 5.1% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 7,057 shares of the pipeline company’s stock worth $234,000 after buying an additional 341 shares in the last quarter. Marino Stram & Associates LLC lifted its holdings in Enbridge by 1.6% during the 3rd quarter. Marino Stram & Associates LLC now owns 21,685 shares of the pipeline company’s stock worth $720,000 after buying an additional 344 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC lifted its holdings in Enbridge by 2.3% during the 3rd quarter. Azimuth Capital Investment Management LLC now owns 15,537 shares of the pipeline company’s stock worth $518,000 after buying an additional 350 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors.

Enbridge Trading Up 1.4 %

Shares of Enbridge stock traded up $0.49 on Monday, hitting $35.35. 12,529,975 shares of the company’s stock traded hands, compared to its average volume of 5,616,851. The firm’s 50-day moving average price is $35.05 and its two-hundred day moving average price is $34.73. The stock has a market capitalization of $75.15 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 3.26 and a beta of 0.84. Enbridge Inc. has a one year low of $31.03 and a one year high of $40.30. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.74.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Friday, February 9th. The pipeline company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). The business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $9.62 billion. Enbridge had a net margin of 13.97% and a return on equity of 10.23%. On average, research analysts expect that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on ENB shares. Jefferies Financial Group started coverage on Enbridge in a report on Tuesday, February 27th. They set a “buy” rating on the stock. Stifel Nicolaus started coverage on Enbridge in a report on Thursday, January 18th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Enbridge currently has an average rating of “Hold” and an average target price 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.