Tetrem Capital Management Ltd. Lowers stake in Enbridge Inc (USA) (ENB)

Enbridge Inc (USA) (ENB) : Tetrem Capital Management Ltd. reduced its stake in Enbridge Inc (USA) by 1.84% during the most recent quarter end. The investment management company now holds a total of 1,162,305 shares of Enbridge Inc (USA) which is valued at $48,619,218 after selling 21,757 shares in Enbridge Inc (USA) , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Enbridge Inc (USA) makes up approximately 1.80% of Tetrem Capital Management Ltd.’s portfolio.

Other Hedge Funds, Including , Andra Ap-fonden reduced its stake in ENB by selling 35,923 shares or 24.6% in the most recent quarter. The Hedge Fund company now holds 110,100 shares of ENB which is valued at $4,605,483. Enbridge Inc (USA) makes up approx 0.12% of Andra Ap-fonden’s portfolio.Jarislowsky Fraser Ltd reduced its stake in ENB by selling 150,568 shares or 0.99% in the most recent quarter. The Hedge Fund company now holds 15,043,127 shares of ENB which is valued at $629,254,002. Enbridge Inc (USA) makes up approx 4.45% of Jarislowsky Fraser Ltd’s portfolio.State Of Wisconsin Investment Board reduced its stake in ENB by selling 112,424 shares or 8.79% in the most recent quarter. The Hedge Fund company now holds 1,167,004 shares of ENB which is valued at $48,815,777. Enbridge Inc (USA) makes up approx 0.19% of State Of Wisconsin Investment Board’s portfolio.

Enbridge Inc (USA) closed down -0.36 points or -0.90% at $39.6 with 6,27,090 shares getting traded on Monday. Post opening the session at $39.86, the shares hit an intraday low of $39.35 and an intraday high of $39.93 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Enbridge Inc (USA) reported $0.50 EPS for the quarter, based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus estimate of $0.50.Analysts expectations of $ 8129.86.During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on Enbridge Inc (USA). Enbridge Inc (USA) was Downgraded by Goldman to ” Neutral” on Jul 20, 2016. Enbridge Inc (USA) was Downgraded by National Bank Financial to ” Sector Perform” on Jul 18, 2016.

Enbridge Inc. (Enbridge) is an energy transportation and distribution company. The Company operates in five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines Processing and Energy Services; Sponsored Investments and Corporate. Liquids Pipelines segment owns and operates crude oil and other liquid hydrocarbons pipelines and terminals. Gas Distribution consists of the Company’s natural gas utility operations. Gas Pipelines Processing and Energy Services segment consists of investments in natural gas pipelines gathering and processing facilities and the Company’s energy services businesses along with renewable energy and transmission facilities. Sponsored Investments includes the Company’s 33.7% economic interest in Enbridge Energy Partners L.P. (EEP) and Enbridge’s interests in both the Eastern Access and Lakehead System Mainline expansion projects held through Enbridge Energy Limited Partnership (EELP). The Corporate segment includes an investment in Noverco Inc.

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