5,758 Shares in Enbridge Inc (ENB) Purchased by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC purchased a new position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) in the first quarter, Holdings Channel reports. The fund purchased 5,758 shares of the pipeline company’s stock, valued at approximately $209,000.

Several other institutional investors have also bought and sold shares of the company. Rational Advisors LLC raised its holdings in shares of Enbridge by 3,050.5% during the 1st quarter. Rational Advisors LLC now owns 3,245 shares of the pipeline company’s stock worth $118,000 after buying an additional 3,142 shares in the last quarter. Berman Capital Advisors LLC grew its position in Enbridge by 74.5% during the 1st quarter. Berman Capital Advisors LLC now owns 1,047 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 447 shares during the last quarter. Catalyst Capital Advisors LLC grew its position in Enbridge by 17.7% during the 1st quarter. Catalyst Capital Advisors LLC now owns 241,245 shares of the pipeline company’s stock worth $8,748,000 after acquiring an additional 36,200 shares during the last quarter. Barings LLC bought a new stake in Enbridge during the 1st quarter worth $2,985,000. Finally, Freestone Capital Holdings LLC grew its position in Enbridge by 21.3% during the 1st quarter. Freestone Capital Holdings LLC now owns 129,862 shares of the pipeline company’s stock worth $4,709,000 after acquiring an additional 22,773 shares during the last quarter. 55.38% of the stock is owned by institutional investors.

In related news, insider Cynthia L. Hansen purchased 799 shares of Enbridge stock in a transaction on Friday, March 1st. The shares were purchased at an average price of $49.13 per share, for a total transaction of $39,254.87. Following the transaction, the insider now owns 105,423 shares of the company’s stock, valued at approximately $5,179,431.99. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider William T. Yardley sold 14,900 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $36.98, for a total value of $551,002.00. Following the completion of the sale, the insider now owns 94,770 shares in the company, valued at approximately $3,504,594.60. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Enbridge from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Tuesday, February 5th. ValuEngine lowered Enbridge from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Scotiabank lowered Enbridge from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 4th. Evercore ISI assumed coverage on Enbridge in a research report on Tuesday, February 5th. They set an “outperform” rating on the stock. Finally, Macquarie assumed coverage on Enbridge in a research report on Thursday, January 24th. They set an “outperform” rating on the stock. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $46.46.

Shares of NYSE ENB traded down $0.50 during trading on Thursday, reaching $36.75. The company had a trading volume of 459,873 shares, compared to its average volume of 3,173,092. Enbridge Inc has a 12 month low of $28.82 and a 12 month high of $37.96. The firm has a market capitalization of $74.31 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 2.37 and a beta of 0.69. The company has a current ratio of 0.64, a quick ratio of 0.56 and a debt-to-equity ratio of 0.92.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, May 10th. The pipeline company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. Enbridge had a return on equity of 8.31% and a net margin of 9.09%. The firm had revenue of $9.67 billion for the quarter, compared to analyst estimates of $12.96 billion. During the same quarter in the previous year, the company posted $0.82 EPS. As a group, analysts forecast that Enbridge Inc will post 1.85 earnings per share for the current fiscal year.

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About Enbridge

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.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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