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Enbridge Inc $ENB Stock Position Lessened by Dupree Financial Group LLC

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Key Points

  • Dupree Financial Group LLC trimmed its position in Enbridge by 18.4% in Q4 to 252,634 shares (about $12.08M), making ENB its 5th largest holding and roughly 4.4% of the fund's portfolio.
  • Enbridge beat quarterly estimates with $0.63 EPS and reported $17.18B in revenue; the stock trades near $53.33 with a market cap of $116.46B and a P/E of 23.19.
  • Near-term catalysts include federal approval of the C$4 billion Sunrise expansion and a 31‑year dividend increase streak, but the company faces legal setbacks (including a U.S. Supreme Court ruling on Line 5) and mixed analyst views, with a consensus rating of "Moderate Buy" and an average target of $65.
  • Five stocks to consider instead of Enbridge.

Dupree Financial Group LLC lowered its position in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 18.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 252,634 shares of the pipeline company's stock after selling 57,134 shares during the period. Enbridge makes up about 4.4% of Dupree Financial Group LLC's portfolio, making the stock its 5th largest position. Dupree Financial Group LLC's holdings in Enbridge were worth $12,083,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tsfg LLC grew its position in Enbridge by 329.6% during the 3rd quarter. Tsfg LLC now owns 494 shares of the pipeline company's stock worth $25,000 after purchasing an additional 379 shares during the last quarter. Triumph Capital Management purchased a new stake in Enbridge during the 3rd quarter worth approximately $26,000. Turning Point Benefit Group Inc. purchased a new stake in Enbridge during the 3rd quarter worth approximately $28,000. True Wealth Design LLC grew its position in Enbridge by 588.2% during the 3rd quarter. True Wealth Design LLC now owns 585 shares of the pipeline company's stock worth $30,000 after purchasing an additional 500 shares during the last quarter. Finally, Imprint Wealth LLC purchased a new stake in Enbridge during the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 54.60% of the company's stock.

Enbridge Stock Performance

Shares of NYSE ENB opened at $53.33 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 1.70. Enbridge Inc has a 12 month low of $43.59 and a 12 month high of $55.44. The company has a 50 day simple moving average of $53.42 and a two-hundred day simple moving average of $49.78. The stock has a market cap of $116.46 billion, a price-to-earnings ratio of 23.19 and a beta of 0.63.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. Enbridge had a net margin of 11.30% and a return on equity of 11.19%. The business had revenue of $17.18 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the previous year, the business posted $0.75 EPS. As a group, analysts predict that Enbridge Inc will post 2.24 earnings per share for the current year.

More Enbridge News

Here are the key news stories impacting Enbridge this week:

Analyst Ratings Changes

ENB has been the topic of several research analyst reports. BMO Capital Markets reissued a "market perform" rating on shares of Enbridge in a research report on Tuesday, February 17th. Zacks Research raised shares of Enbridge from a "strong sell" rating to a "hold" rating in a research report on Monday, December 29th. Weiss Ratings raised shares of Enbridge from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 9th. Raymond James Financial raised shares of Enbridge to a "moderate buy" rating in a research report on Tuesday, February 17th. Finally, Scotiabank reissued an "outperform" rating on shares of Enbridge in a research report on Tuesday, February 17th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Enbridge has a consensus rating of "Moderate Buy" and an average target price of $65.00.

Read Our Latest Report on Enbridge

Enbridge Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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