West Family Investments Inc. Has $219,000 Holdings in Enbridge Inc. (NYSE:ENB)

West Family Investments Inc. trimmed its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 21.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,160 shares of the pipeline company’s stock after selling 1,418 shares during the period. West Family Investments Inc.’s holdings in Enbridge were worth $219,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in shares of Enbridge by 12.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,566 shares of the pipeline company’s stock worth $429,000 after purchasing an additional 1,193 shares during the last quarter. Advisor Resource Council bought a new stake in Enbridge in the third quarter worth $233,000. Portside Wealth Group LLC increased its position in Enbridge by 4.9% during the third quarter. Portside Wealth Group LLC now owns 30,178 shares of the pipeline company’s stock worth $1,226,000 after buying an additional 1,423 shares during the last quarter. Lewis Asset Management LLC raised its holdings in Enbridge by 4.9% during the third quarter. Lewis Asset Management LLC now owns 12,761 shares of the pipeline company’s stock valued at $518,000 after buying an additional 600 shares in the last quarter. Finally, Leavell Investment Management Inc. lifted its position in shares of Enbridge by 1.7% in the third quarter. Leavell Investment Management Inc. now owns 24,087 shares of the pipeline company’s stock worth $978,000 after buying an additional 403 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.

Wall Street Analysts Forecast Growth

ENB has been the topic of a number of analyst reports. Royal Bank of Canada increased their price objective on Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. TD Securities initiated coverage on Enbridge in a report on Wednesday, January 15th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $67.00.

Enbridge Stock Up 1.0 %

ENB stock opened at $42.00 on Friday. The stock has a market capitalization of $91.51 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95. The company has a 50-day moving average of $43.45 and a two-hundred day moving average of $42.08. Enbridge Inc. has a 52-week low of $32.85 and a 52-week high of $45.78. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. The firm had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same quarter last year, the firm posted $0.64 EPS. As a group, equities research analysts anticipate that Enbridge Inc. will post 2.14 EPS for the current 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.