Sound View Wealth Advisors LLC Sells 1,933 Shares of Enbridge Inc (ENB)

Share on StockTwits

Sound View Wealth Advisors LLC lessened its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 18.1% in the 1st quarter, HoldingsChannel reports. The firm owned 8,739 shares of the pipeline company’s stock after selling 1,933 shares during the quarter. Sound View Wealth Advisors LLC’s holdings in Enbridge were worth $317,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Parkside Financial Bank & Trust raised its position in Enbridge by 58.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 300 shares in the last quarter. Front Row Advisors LLC grew its stake in Enbridge by 3,985.7% during the fourth quarter. Front Row Advisors LLC now owns 858 shares of the pipeline company’s stock worth $27,000 after buying an additional 837 shares during the last quarter. We Are One Seven LLC bought a new stake in Enbridge during the fourth quarter worth about $28,000. First Interstate Bank grew its stake in Enbridge by 330.9% during the fourth quarter. First Interstate Bank now owns 1,004 shares of the pipeline company’s stock worth $31,000 after buying an additional 771 shares during the last quarter. Finally, Country Trust Bank bought a new stake in Enbridge during the fourth quarter worth about $32,000. 55.31% of the stock is owned by hedge funds and other institutional investors.

In other news, insider William T. Yardley sold 14,900 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $36.98, for a total transaction of $551,002.00. Following the sale, the insider now directly owns 94,770 shares of the company’s stock, valued at $3,504,594.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Albert Monaco purchased 7,806 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were bought at an average cost of $49.33 per share, for a total transaction of $385,069.98. The disclosure for this purchase can be found here. 0.42% of the stock is owned by corporate insiders.

Several analysts have weighed in on ENB shares. Bank of America reaffirmed a “buy” rating on shares of Enbridge in a research note on Tuesday, March 5th. ValuEngine raised shares of Enbridge from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Wells Fargo & Co reaffirmed a “buy” rating on shares of Enbridge in a research note on Monday, February 18th. Zacks Investment Research raised shares of Enbridge from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Thursday, February 14th. Finally, Industrial Alliance Securities reaffirmed a “buy” rating on shares of Enbridge in a research note on Monday, April 8th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $46.46.

Shares of ENB traded up $0.48 during mid-day trading on Monday, hitting $37.47. 1,984,507 shares of the company traded hands, compared to its average volume of 2,939,634. Enbridge Inc has a one year low of $28.82 and a one year high of $37.96. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.64 and a quick ratio of 0.56. The stock has a market capitalization of $75.82 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 2.36 and a beta of 0.69.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, May 10th. The pipeline company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.09. Enbridge had a net margin of 9.09% and a return on equity of 8.31%. The business had revenue of $9.67 billion for the quarter, compared to analysts’ expectations of $12.96 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. As a group, analysts anticipate that Enbridge Inc will post 1.85 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Sound View Wealth Advisors LLC Sells 1,933 Shares of Enbridge Inc (ENB)” was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/4354190/sound-view-wealth-advisors-llc-sells-1933-shares-of-enbridge-inc-enb.html.

Enbridge Company Profile

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.

Recommended Story: How to calculate the annual rate of depreciation

Want to see what other hedge funds are holding ENB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enbridge Inc (NYSE:ENB) (TSE:ENB).

Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

Receive News & Ratings for Enbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Barry Zwarenstein Sells 7,663 Shares of Five9 Inc  Stock
Barry Zwarenstein Sells 7,663 Shares of Five9 Inc Stock
Venture Fund Vii L.P. Arch Sells 63,000 Shares of Syros Pharmaceuticals Inc  Stock
Venture Fund Vii L.P. Arch Sells 63,000 Shares of Syros Pharmaceuticals Inc Stock
Insider Selling: Neogen Co.  Director Sells 5,000 Shares of Stock
Insider Selling: Neogen Co. Director Sells 5,000 Shares of Stock
Neogen Co.  Director Sells $314,650.00 in Stock
Neogen Co. Director Sells $314,650.00 in Stock
Insider Selling: Airgain Inc  CEO Sells 22,464 Shares of Stock
Insider Selling: Airgain Inc CEO Sells 22,464 Shares of Stock
Insider Selling: Bottomline Technologies  Insider Sells 9,925 Shares of Stock
Insider Selling: Bottomline Technologies Insider Sells 9,925 Shares of Stock


© 2006-2019 Ticker Report