Enbridge Inc $ENB Shares Sold by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. cut its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 37.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,640 shares of the pipeline company’s stock after selling 12,182 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Enbridge were worth $960,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GK Wealth Management LLC bought a new stake in shares of Enbridge during the 3rd quarter valued at about $25,000. Arlington Trust Co LLC increased its holdings in Enbridge by 114.6% in the second quarter. Arlington Trust Co LLC now owns 500 shares of the pipeline company’s stock worth $27,000 after purchasing an additional 267 shares in the last quarter. Quintet Private Bank Europe S.A. increased its holdings in Enbridge by 100.0% in the third quarter. Quintet Private Bank Europe S.A. now owns 600 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 300 shares in the last quarter. City Holding Co. increased its holdings in Enbridge by 121.5% in the second quarter. City Holding Co. now owns 649 shares of the pipeline company’s stock worth $35,000 after purchasing an additional 356 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. lifted its stake in Enbridge by 99.7% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 691 shares of the pipeline company’s stock valued at $37,000 after buying an additional 345 shares during the period. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Trading Up 0.3%

Shares of NYSE:ENB opened at $48.41 on Wednesday. The business’s 50 day simple moving average is $48.39 and its two-hundred day simple moving average is $52.09. Enbridge Inc has a 52-week low of $45.03 and a 52-week high of $58.45.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, July 31st. The pipeline company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $9.70 billion during the quarter, compared to analyst estimates of $8.67 billion. During the same period last year, the business posted $0.65 EPS. On average, research analysts expect that Enbridge Inc will post 2.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. The Goldman Sachs Group initiated coverage on Enbridge in a research note on Wednesday, September 30th. They issued a “neutral” rating and a $50.00 price target on the stock. Royal Bank Of Canada raised their price objective on shares of Enbridge from $79.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. National Bank Financial upgraded shares of Enbridge from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, September 15th. US Capital Advisors upgraded shares of Enbridge from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Enbridge in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Enbridge has an average rating of “Moderate Buy” and an average price target of $65.88.

About Enbridge

Enbridge Inc is a Canadian energy infrastructure company that operates one of the largest pipeline and energy delivery networks in North America. Its businesses transport crude oil and other liquid hydrocarbons, move and store natural gas, and deliver natural gas to residential, commercial and industrial customers.

The company’s operations span Canada and the United States, including extensive pipeline systems serving major producing regions, refineries and population centers. Enbridge also develops and operates renewable power assets, including offshore and onshore wind projects, solar facilities and other lower-carbon energy infrastructure.

Enbridge traces its history to the Interprovincial Pipe Line Company, founded in 1949 to transport Canadian crude oil.