UMB Bank n.a. Sells 3,097 Shares of Enbridge Inc. (NYSE:ENB)

UMB Bank n.a. decreased its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 4.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 59,702 shares of the pipeline company’s stock after selling 3,097 shares during the period. UMB Bank n.a.’s holdings in Enbridge were worth $2,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in ENB. SVB Wealth LLC raised its position in shares of Enbridge by 3.1% in the 1st quarter. SVB Wealth LLC now owns 9,781 shares of the pipeline company’s stock worth $373,000 after purchasing an additional 297 shares during the last quarter. North Star Investment Management Corp. raised its position in shares of Enbridge by 24.6% in the 4th quarter. North Star Investment Management Corp. now owns 1,519 shares of the pipeline company’s stock worth $55,000 after purchasing an additional 300 shares during the last quarter. Independence Bank of Kentucky increased its holdings in Enbridge by 25.3% in the 3rd quarter. Independence Bank of Kentucky now owns 1,681 shares of the pipeline company’s stock worth $56,000 after buying an additional 339 shares in the last quarter. First Citizens Bank & Trust Co. increased its holdings in Enbridge by 5.1% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 7,057 shares of the pipeline company’s stock worth $234,000 after buying an additional 341 shares in the last quarter. Finally, Marino Stram & Associates LLC increased its holdings in Enbridge by 1.6% in the 3rd quarter. Marino Stram & Associates LLC now owns 21,685 shares of the pipeline company’s stock worth $720,000 after buying an additional 344 shares in the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Trading Down 0.2 %

Enbridge stock opened at $35.79 on Thursday. The business has a 50-day simple moving average of $35.21 and a two-hundred day simple moving average of $34.63. The company has a market cap of $76.07 billion, a P/E ratio of 17.04, a P/E/G ratio of 3.39 and a beta of 0.84. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 1.30. Enbridge Inc. has a 52-week low of $31.03 and a 52-week high of $40.30.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $9.62 billion. Enbridge had a net margin of 13.97% and a return on equity of 10.23%. Analysts predict that Enbridge Inc. will post 2.11 EPS for the current year.

Analyst Ratings Changes

ENB has been the subject of several research analyst reports. Jefferies Financial Group initiated coverage on Enbridge in a report on Tuesday, February 27th. They issued a “buy” rating for the company. Stifel Nicolaus started coverage on Enbridge in a report on Thursday, January 18th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $55.20.

Enbridge Company 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.