<div id="readability-page-1"><p>CANADA LIFE ASSURANCE Co cut its stake in  Enbridge Inc. (NYSE:ENB - Free Report) <span>TSE: ENB<span></span></span> by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities &amp; Exchange Commission. The fund owned 2,362,095 shares of the pipeline company's stock after selling 485,212 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.11% of Enbridge worth $100,029,000 as of its most recent SEC filing.</p><ul><li>3 Top-Performing Non-Leveraged ETFs From 2024 and Into 2025</li></ul><p>Several other institutional investors and hedge funds also recently bought and sold shares of ENB. Norges Bank bought a new stake in shares of  Enbridge during the 4th quarter worth approximately $909,415,000.  Arrowstreet Capital Limited Partnership grew its position in  Enbridge by 396.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 12,047,004 shares of the pipeline company's stock valued at $510,816,000 after acquiring an additional 9,621,425 shares during the last quarter.  Raymond James Financial Inc. purchased a new stake in  Enbridge in the fourth quarter worth $180,941,000.  Vanguard Group Inc. lifted its position in shares of  Enbridge by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock worth $3,888,507,000 after purchasing an additional 3,611,421 shares during the last quarter.  Finally, Geode Capital Management LLC boosted its stake in shares of  Enbridge by 30.5% during the fourth quarter. Geode Capital Management LLC now owns 13,217,112 shares of the pipeline company's stock valued at $571,389,000 after purchasing an additional 3,091,442 shares during the period. 54.60% of the stock is owned by hedge funds and other institutional investors. </p><h2>Analysts Set New Price Targets</h2><p>A number of brokerages recently weighed in on ENB. TD Securities initiated coverage on shares of Enbridge in a report on Wednesday, January 15th. They set a &#34;buy&#34; rating for the company. Royal Bank of Canada lifted their price target on shares of Enbridge from $63.00 to $67.00 and gave the company an &#34;outperform&#34; rating in a research note on Tuesday, February 18th. CIBC  reissued an &#34;outperform&#34; rating on shares of Enbridge in a research note on Wednesday, March 5th. Finally, Citigroup assumed coverage on Enbridge in a report on Friday, April 4th. They set a &#34;buy&#34; rating on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $67.00.</p><ul><li>3 Best Dividend Stocks to Buy as Interest Rates Fall</li></ul><p><b>View Our Latest Stock Analysis on ENB</b></p><h2>Enbridge Price Performance</h2><p>Shares of ENB opened at $44.61 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. The company has a 50 day moving average price of $43.14 and a 200-day moving average price of $42.72. Enbridge Inc. has a fifty-two week low of $32.86 and a fifty-two week high of $46.12. The stock has a market capitalization of $97.21 billion, a PE ratio of 25.94, a PEG ratio of 3.92 and a beta of 0.80. </p><ul><li>Refiners, transporters surge: Niche energy markets defy oil slump</li></ul><p>Enbridge (NYSE:ENB - Get Free Report) <span>TSE: ENB<span></span></span> last posted its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The company had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share.  Equities analysts predict that  Enbridge Inc. will post 2.14 earnings per share for the current fiscal year. </p><h2>Enbridge Profile</h2> (Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Enbridge</li><li>Utilities Stocks Explained – How and Why to Invest in Utilities</li><li>United Airlines Is in Reversal—If the Economy Doesn’t Stall</li><li>Canadian Penny Stocks: Can They Make You Rich? </li><li>Morgan Stanley: 3 Financial Stocks That Will Thrive in Volatility</li><li>3 Tickers Leading a Meme Stock Revival</li><li>Spotify Stock Climbs as Its Growth Strategy Diversifies </li></ul><p><strong>Want to see what other hedge funds are holding ENB?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enbridge Inc. (NYSE:ENB - Free Report) <span>TSE: ENB<span></span></span>.</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVOQg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVOQg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Enbridge Right Now?</h2><p>Before you consider Enbridge, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enbridge wasn't on the list.</p><p>While Enbridge currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>CANADA LIFE ASSURANCE Co reduced its stake in Enbridge Inc. (NYSE:ENB) by 17.0%, selling 485,212 shares in the fourth quarter, according to its recent SEC filing. After the sale, it holds 2,362,095 shares valued at approximately $100 million. Other institutional investors also adjusted their positions, with Norges Bank acquiring a new stake worth about $909 million. Analysts have set a consensus price target of $67.00 for Enbridge, which currently trades at $44.61, with a recent earnings report showing EPS of $0.75, exceeding estimates.</p>

CANADA LIFE ASSURANCE Co Sells 485,212 Shares of Enbridge Inc. (NYSE:ENB)