First Allied Advisory Services Inc. decreased its position in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 8.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,415 shares of the pipeline company’s stock after selling 4,473 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Enbridge were worth $1,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in ENB. Reilly Financial Advisors LLC boosted its holdings in shares of Enbridge by 16.0% in the 4th quarter. Reilly Financial Advisors LLC now owns 2,138 shares of the pipeline company’s stock worth $66,000 after purchasing an additional 295 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Enbridge by 58.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 300 shares during the period. Clarus Wealth Advisors boosted its holdings in shares of Enbridge by 27.5% in the 1st quarter. Clarus Wealth Advisors now owns 1,476 shares of the pipeline company’s stock worth $54,000 after purchasing an additional 318 shares during the period. CWM LLC boosted its holdings in shares of Enbridge by 14.5% in the 1st quarter. CWM LLC now owns 2,512 shares of the pipeline company’s stock worth $91,000 after purchasing an additional 318 shares during the period. Finally, Cornerstone Advisors Inc. boosted its holdings in shares of Enbridge by 21.2% in the 4th quarter. Cornerstone Advisors Inc. now owns 1,850 shares of the pipeline company’s stock worth $57,000 after purchasing an additional 323 shares during the period. 56.95% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Albert Monaco bought 7,806 shares of the stock in a transaction on Tuesday, March 5th. The stock was acquired at an average cost of $49.33 per share, for a total transaction of $385,069.98. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider William T. Yardley sold 14,900 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was 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 of the company’s stock, valued at $3,504,594.60. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

A number of equities analysts have recently commented on ENB shares. Scotiabank cut Enbridge from an “outperform” rating to a “sector perform” rating in a report on Monday, March 4th. National Bank Financial cut Enbridge from an “outperform” rating to a “sector perform” rating and set a $35.75 target price for the company. in a report on Monday, March 4th. Credit Suisse Group cut Enbridge from an “outperform” rating to a “neutral” rating in a report on Thursday, April 25th. Barclays started coverage on Enbridge in a report on Tuesday, April 9th. They issued an “overweight” rating for the company. Finally, Industrial Alliance Securities reiterated a “buy” rating on shares of Enbridge in a report on Monday, April 8th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $46.46.

ENB opened at $36.67 on Thursday. Enbridge Inc has a 52-week low of $28.82 and a 52-week high of $37.96. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.64 and a quick ratio of 0.49. The firm has a market cap of $73.77 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 2.51 and a beta of 0.69.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, May 10th. The pipeline company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.09. Enbridge had a return on equity of 8.31% and a net margin of 9.09%. The company had revenue of $9.67 billion during the quarter, compared to analysts’ expectations of $12.96 billion. During the same quarter in the previous year, the business earned $0.82 EPS. As a group, research analysts forecast that Enbridge Inc will post 1.71 earnings per share for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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