Enbridge Inc (NYSE:ENB) Insider William T. Yardley Sells 14,900 Shares

Enbridge Inc (NYSE:ENB) (TSE:ENB) insider William T. Yardley sold 14,900 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $36.98, for a total transaction of $551,002.00. Following the transaction, the insider now owns 94,770 shares in the company, valued at $3,504,594.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of ENB stock traded up $0.07 during mid-day trading on Friday, reaching $37.19. The stock had a trading volume of 2,285,792 shares, compared to its average volume of 2,530,882. Enbridge Inc has a 12-month low of $28.82 and a 12-month high of $37.69. The stock has a market cap of $75.24 billion, a P/E ratio of 18.14, a P/E/G ratio of 2.42 and a beta of 0.69. The company has a quick ratio of 0.49, a current ratio of 0.58 and a debt-to-equity ratio of 0.92.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, February 15th. The pipeline company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The business had revenue of $8.75 billion during the quarter, compared to analysts’ expectations of $12.27 billion. Enbridge had a return on equity of 8.72% and a net margin of 5.64%. During the same quarter last year, the business posted $0.61 earnings per share. On average, sell-side analysts anticipate that Enbridge Inc will post 1.71 earnings per share for the current year.

Several brokerages recently weighed in on ENB. Zacks Investment Research raised Enbridge from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Tuesday, February 5th. National Bank Financial raised Enbridge from a “sector perform overweight” rating to an “outperform overweight” rating in a report on Wednesday, March 20th. ValuEngine downgraded Enbridge from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Wells Fargo & Co reaffirmed a “buy” rating on shares of Enbridge in a report on Monday, February 18th. Finally, Bank of America reaffirmed a “buy” rating on shares of Enbridge in a report on Tuesday, March 5th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Enbridge has an average rating of “Buy” and a consensus price target of $46.46.

A number of institutional investors have recently bought and sold shares of the stock. Capital International Investors increased its position in Enbridge by 74.4% during the 3rd quarter. Capital International Investors now owns 101,014,233 shares of the pipeline company’s stock worth $3,260,806,000 after purchasing an additional 43,094,629 shares in the last quarter. Vanguard Group Inc grew its holdings in Enbridge by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 48,626,327 shares of the pipeline company’s stock valued at $1,570,144,000 after buying an additional 1,184,467 shares during the period. TD Asset Management Inc. grew its holdings in Enbridge by 4.1% in the 4th quarter. TD Asset Management Inc. now owns 44,948,053 shares of the pipeline company’s stock valued at $1,395,700,000 after buying an additional 1,777,466 shares during the period. Jarislowsky Fraser Ltd grew its holdings in Enbridge by 0.5% in the 4th quarter. Jarislowsky Fraser Ltd now owns 24,607,599 shares of the pipeline company’s stock valued at $764,101,000 after buying an additional 131,550 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in Enbridge by 7.3% in the 4th quarter. CIBC Asset Management Inc now owns 21,768,519 shares of the pipeline company’s stock valued at $676,429,000 after buying an additional 1,473,958 shares during the period. Hedge funds and other institutional investors own 56.43% of the company’s stock.

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Enbridge Company Profile

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.

See Also: Systematic Risk

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