Jackson Hole Capital Partners LLC Has $2.46 Million Holdings in Enbridge Inc (NYSE:ENB)

Jackson Hole Capital Partners LLC cut its holdings in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 9.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,475 shares of the pipeline company's stock after selling 5,625 shares during the period. Jackson Hole Capital Partners LLC's holdings in Enbridge were worth $2,458,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ENB. Garde Capital Inc. bought a new position in Enbridge in the first quarter worth about $26,000. Financial Gravity Asset Management Inc. bought a new position in Enbridge in the first quarter worth about $28,000. GeoWealth Management LLC lifted its holdings in Enbridge by 436.4% in the fourth quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company's stock worth $32,000 after acquiring an additional 611 shares during the last quarter. Wolff Wiese Magana LLC lifted its holdings in Enbridge by 91.3% in the first quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company's stock worth $34,000 after acquiring an additional 365 shares during the last quarter. Finally, Capital A Wealth Management LLC bought a new position in Enbridge in the fourth quarter worth about $39,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Price Performance

Enbridge stock traded down $0.47 during mid-day trading on Friday, hitting $45.00. The company's stock had a trading volume of 4,603,612 shares, compared to its average volume of 3,833,071. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $98.11 billion, a P/E ratio of 23.19, a P/E/G ratio of 4.25 and a beta of 0.79. Enbridge Inc has a twelve month low of $36.38 and a twelve month high of $47.44. The stock's fifty day moving average price is $45.41 and its two-hundred day moving average price is $44.50.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. The firm had revenue of $7.27 billion for the quarter, compared to analysts' expectations of $10.20 billion. During the same period in the previous year, the company posted $0.92 EPS. Research analysts forecast that Enbridge Inc will post 2.14 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on ENB. Wall Street Zen raised shares of Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Raymond James Financial upgraded shares of Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Royal Bank Of Canada reiterated an "outperform" rating and set a $67.00 price objective on shares of Enbridge in a research report on Monday, May 12th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Enbridge in a research note on Monday, May 12th. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of Enbridge in a research note on Monday, May 12th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Enbridge has an average rating of "Moderate Buy" and a consensus price target of $67.00.

About Enbridge

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.