Aspiriant LLC Sells 5,558 Shares of Enbridge Inc (NYSE:ENB)

Aspiriant LLC decreased its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 34.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,509 shares of the pipeline company’s stock after selling 5,558 shares during the quarter. Aspiriant LLC’s holdings in Enbridge were worth $370,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Pettyjohn Wood & White Inc. lifted its position in Enbridge by 0.5% in the 3rd quarter. Pettyjohn Wood & White Inc. now owns 59,347 shares of the pipeline company’s stock valued at $2,082,000 after acquiring an additional 283 shares in the last quarter. Haverford Trust Co. lifted its position in Enbridge by 3.8% in the 3rd quarter. Haverford Trust Co. now owns 7,807 shares of the pipeline company’s stock valued at $274,000 after acquiring an additional 288 shares in the last quarter. Asset Dedication LLC lifted its position in Enbridge by 22.2% in the 3rd quarter. Asset Dedication LLC now owns 1,623 shares of the pipeline company’s stock valued at $56,000 after acquiring an additional 295 shares in the last quarter. Lcnb Corp lifted its position in Enbridge by 1.0% in the 2nd quarter. Lcnb Corp now owns 30,021 shares of the pipeline company’s stock valued at $1,083,000 after acquiring an additional 308 shares in the last quarter. Finally, First Citizens Bank & Trust Co. lifted its position in Enbridge by 2.8% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 11,766 shares of the pipeline company’s stock valued at $413,000 after acquiring an additional 316 shares in the last quarter. 54.21% of the stock is currently owned by institutional investors and hedge funds.

Enbridge stock opened at $37.47 on Friday. Enbridge Inc has a 52 week low of $28.82 and a 52 week high of $38.04. The company’s 50 day moving average price is $35.89 and its two-hundred day moving average price is $35.48. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.92. The stock has a market cap of $74.72 billion, a P/E ratio of 18.28, a P/E/G ratio of 2.80 and a beta of 0.58.

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Several brokerages recently weighed in on ENB. US Capital Advisors reaffirmed an “overweight” rating on shares of Enbridge in a research report on Friday, October 25th. Barclays cut shares of Enbridge from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $52.00 to $51.00 in a research report on Tuesday, October 15th. Goldman Sachs Group initiated coverage on shares of Enbridge in a research report on Thursday, July 18th. They set a “neutral” rating on the stock. CIBC dropped their target price on shares of Enbridge from $57.00 to $56.00 in a research report on Wednesday, October 23rd. Finally, ValuEngine cut shares of Enbridge from a “sell” rating to a “strong sell” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $45.68.

About Enbridge

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.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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