Enbridge Inc. (NYSE:ENB) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 2.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,019,998 shares of the pipeline company's stock after selling 503,068 shares during the quarter. Enbridge comprises 1.2% of Mackenzie Financial Corp's investment portfolio, making the stock its 12th biggest holding. Mackenzie Financial Corp owned about 1.04% of Enbridge worth $793,079,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ENB. BOK Financial Private Wealth Inc. acquired a new stake in shares of Enbridge during the fourth quarter worth about $25,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Enbridge during the 4th quarter worth $25,000. Industrial Alliance Investment Management Inc. acquired a new position in shares of Enbridge during the 4th quarter worth $25,000. Baystate Wealth Management LLC increased its holdings in shares of Enbridge by 836.4% in the 4th quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company's stock valued at $26,000 after purchasing an additional 644 shares in the last quarter. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Enbridge in the second quarter valued at about $26,000. Institutional investors and hedge funds own 54.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Enbridge in a research report on Tuesday, February 27th. They set a "buy" rating on the stock. Stifel Nicolaus began coverage on Enbridge in a research note on Thursday, January 18th. They issued a "hold" rating for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $55.20.

Enbridge Price Performance

ENB stock traded down $0.43 on Monday, reaching $33.75. The company had a trading volume of 4,516,257 shares, compared to its average volume of 5,347,495. The company's fifty day moving average is $35.09 and its 200 day moving average is $34.66. The company has a market cap of $71.75 billion, a P/E ratio of 16.07, a PEG ratio of 3.21 and a beta of 0.84. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.74 and a current ratio of 0.83. Enbridge Inc. has a 1 year low of $31.03 and a 1 year high of $40.30.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.03). The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $9.62 billion. Enbridge had a return on equity of 10.23% and a net margin of 13.97%. On average, research analysts forecast that Enbridge Inc. will post 2.13 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.