MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 326,912 Shares of Enbridge Inc $ENB

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 6.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,882,582 shares of the pipeline company’s stock after selling 326,912 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Enbridge were worth $246,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Enbridge by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 98,297,477 shares of the pipeline company’s stock worth $4,959,009,000 after purchasing an additional 1,892,491 shares during the last quarter. TD Asset Management Inc lifted its holdings in Enbridge by 0.3% during the 3rd quarter. TD Asset Management Inc now owns 40,021,291 shares of the pipeline company’s stock worth $2,019,473,000 after buying an additional 137,897 shares during the period. Norges Bank bought a new stake in shares of Enbridge in the 2nd quarter valued at about $1,113,368,000. Legal & General Group Plc increased its stake in shares of Enbridge by 1.1% in the second quarter. Legal & General Group Plc now owns 18,861,475 shares of the pipeline company’s stock valued at $853,669,000 after buying an additional 207,243 shares during the period. Finally, Scotia Capital Inc. increased its stake in shares of Enbridge by 2.1% in the third quarter. Scotia Capital Inc. now owns 14,369,949 shares of the pipeline company’s stock valued at $723,404,000 after buying an additional 300,391 shares during the period. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ENB has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price objective on Enbridge from $72.00 to $76.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. TD Securities downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Scotiabank restated an “outperform” rating on shares of Enbridge in a report on Tuesday, February 17th. Citigroup restated a “buy” rating on shares of Enbridge in a research report on Thursday, February 19th. Finally, Zacks Research raised shares of Enbridge from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Enbridge Stock Performance

Shares of ENB stock opened at $54.54 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 1.70. The firm has a fifty day simple moving average of $50.37 and a two-hundred day simple moving average of $48.87. Enbridge Inc has a 12 month low of $39.73 and a 12 month high of $54.60. The firm has a market capitalization of $119.00 billion, a PE ratio of 23.71 and a beta of 0.67.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $17.18 billion for the quarter, compared to analyst estimates of $9.10 billion. Enbridge had a net margin of 11.30% and a return on equity of 11.19%. During the same period last year, the firm earned $0.75 earnings per share. Analysts forecast that Enbridge Inc will post 2.14 EPS for the current fiscal year.

Enbridge Profile

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.