Galibier Capital Management Ltd. Has $12.71 Million Stake in Enbridge Inc. (NYSE:ENB)

Galibier Capital Management Ltd. cut its stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 61.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 351,364 shares of the pipeline company's stock after selling 549,409 shares during the period. Enbridge accounts for approximately 3.3% of Galibier Capital Management Ltd.'s holdings, making the stock its 13th biggest holding. Galibier Capital Management Ltd.'s holdings in Enbridge were worth $12,710,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Quilter Plc purchased a new stake in shares of Enbridge during the 1st quarter valued at $293,879,000. Coppell Advisory Solutions Corp. purchased a new position in Enbridge in the 4th quarter valued at about $25,000. Industrial Alliance Investment Management Inc. purchased a new position in Enbridge in the 4th quarter valued at about $25,000. Coppell Advisory Solutions LLC purchased a new position in Enbridge in the 2nd quarter valued at about $26,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Enbridge in the 1st quarter valued at about $27,000. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge Stock Performance

ENB traded down $0.06 on Wednesday, hitting $35.79. 3,738,906 shares of the company's stock were exchanged, compared to its average volume of 5,475,511. The firm has a market cap of $76.07 billion, a PE ratio of 17.04, a P/E/G ratio of 3.39 and a beta of 0.84. Enbridge Inc. has a twelve month low of $31.03 and a twelve month high of $40.30. The stock has a fifty day moving average of $35.21 and a two-hundred day moving average of $34.62. The company has a current ratio of 0.83, a quick ratio of 0.74 and a debt-to-equity ratio of 1.30.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its earnings results on Friday, February 9th. The pipeline company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). Enbridge had a return on equity of 10.23% and a net margin of 13.97%. The firm had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $9.62 billion. On average, research analysts anticipate that Enbridge Inc. will post 2.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ENB has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of Enbridge in a research report on Tuesday, February 27th. They issued a "buy" rating for the company. Stifel Nicolaus began coverage on shares of Enbridge in a research note on Thursday, January 18th. They issued a "hold" rating on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $55.20.

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.