Cozad Asset Management Inc. Sells 1,121 Shares of Enbridge Inc. (NYSE:ENB)

Cozad Asset Management Inc. lessened its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,234 shares of the pipeline company’s stock after selling 1,121 shares during the period. Cozad Asset Management Inc.’s holdings in Enbridge were worth $2,174,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. McIlrath & Eck LLC grew its holdings in Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 295 shares during the period. Albion Financial Group UT acquired a new stake in Enbridge during the 4th quarter worth $29,000. Wintrust Investments LLC grew its holdings in Enbridge by 47.8% during the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 238 shares during the period. Darwin Wealth Management LLC acquired a new stake in Enbridge during the 3rd quarter worth $37,000. Finally, Dixon Mitchell Investment Counsel Inc. grew its holdings in Enbridge by 149.9% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock worth $41,000 after acquiring an additional 580 shares during the period. Institutional investors own 54.60% of the company’s stock.

Analyst Ratings Changes

ENB has been the subject of a number of analyst reports. CIBC reaffirmed an “outperform” rating on shares of Enbridge in a report on Wednesday, March 5th. TD Securities assumed coverage on shares of Enbridge in a report on Wednesday, January 15th. They issued a “buy” rating for the company. Finally, Royal Bank of Canada boosted their price target on shares of Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.00.

Enbridge Price Performance

Shares of ENB stock opened at $43.47 on Tuesday. Enbridge Inc. has a 12-month low of $32.86 and a 12-month high of $45.78. The firm has a market capitalization of $94.73 billion, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. The firm has a fifty day moving average of $43.46 and a 200-day moving average of $42.26.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.52 by $0.23. The business had revenue of $11.59 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same period in the previous year, the firm posted $0.64 EPS. On average, equities research analysts forecast that Enbridge Inc. will post 2.14 earnings per share for the current year.

Enbridge Profile

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.