Sigma Planning Corp Has $2.54 Million Stock Position in Enbridge Inc $ENB

Sigma Planning Corp lowered its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 7.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 55,941 shares of the pipeline company’s stock after selling 4,362 shares during the period. Sigma Planning Corp’s holdings in Enbridge were worth $2,535,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its position in Enbridge by 1.2% in the second quarter. IFP Advisors Inc now owns 18,217 shares of the pipeline company’s stock valued at $826,000 after buying an additional 221 shares in the last quarter. Loudon Investment Management LLC lifted its holdings in shares of Enbridge by 1.1% during the first quarter. Loudon Investment Management LLC now owns 21,201 shares of the pipeline company’s stock worth $939,000 after purchasing an additional 240 shares during the period. Key Client Fiduciary Advisors LLC lifted its holdings in shares of Enbridge by 1.7% during the second quarter. Key Client Fiduciary Advisors LLC now owns 14,606 shares of the pipeline company’s stock worth $662,000 after purchasing an additional 242 shares during the period. Sound View Wealth Advisors Group LLC lifted its holdings in shares of Enbridge by 4.8% during the first quarter. Sound View Wealth Advisors Group LLC now owns 5,304 shares of the pipeline company’s stock worth $235,000 after purchasing an additional 243 shares during the period. Finally, Drive Wealth Management LLC lifted its holdings in shares of Enbridge by 3.4% during the second quarter. Drive Wealth Management LLC now owns 8,234 shares of the pipeline company’s stock worth $373,000 after purchasing an additional 269 shares during the period. Institutional investors and hedge funds own 54.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. National Bankshares reiterated a “sector perform” rating on shares of Enbridge in a report on Tuesday, August 5th. Wall Street Zen lowered shares of Enbridge from a “hold” rating to a “sell” rating in a report on Sunday, September 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Enbridge in a report on Wednesday, October 8th. CIBC lowered shares of Enbridge from an “outperform” rating to a “neutral” rating in a report on Thursday, October 9th. Finally, Zacks Research lowered shares of Enbridge from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $60.50.

Enbridge Price Performance

Shares of NYSE ENB opened at $46.41 on Wednesday. Enbridge Inc has a twelve month low of $39.73 and a twelve month high of $50.54. The firm has a fifty day simple moving average of $48.33 and a 200 day simple moving average of $46.73. The company has a market capitalization of $101.23 billion, a PE ratio of 22.86, a P/E/G ratio of 4.31 and a beta of 0.78. The company has a quick ratio of 0.65, a current ratio of 0.75 and a debt-to-equity ratio of 1.58.

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.