Greystone Managed Investments Lowers stake in Enbridge Inc (USA) (ENB)

Enbridge Inc (USA) (ENB) : Greystone Managed Investments reduced its stake in Enbridge Inc (USA) by 13.38% during the most recent quarter end. The investment management company now holds a total of 3,360,890 shares of Enbridge Inc (USA) which is valued at $134.3 Million after selling 519,299 shares in Enbridge Inc (USA) , the firm said in a disclosure report filed with the SEC on May 12, 2016.Enbridge Inc (USA) makes up approximately 5.06% of Greystone Managed Investments’s portfolio.

Other Hedge Funds, Including , Scotia Capital boosted its stake in ENB in the latest quarter, The investment management firm added 736,759 additional shares and now holds a total of 3,506,103 shares of Enbridge Inc (USA) which is valued at $140.1 Million. Enbridge Inc (USA) makes up approx 3.36% of Scotia Capital’s portfolio.Catalyst Capital Advisors boosted its stake in ENB in the latest quarter, The investment management firm added 11,782 additional shares and now holds a total of 31,337 shares of Enbridge Inc (USA) which is valued at $1.3 Million. Enbridge Inc (USA) makes up approx 0.23% of Catalyst Capital Advisors’s portfolio.Sva Plumb Wealth Management boosted its stake in ENB in the latest quarter, The investment management firm added 28,215 additional shares and now holds a total of 55,910 shares of Enbridge Inc (USA) which is valued at $2.2 Million. Enbridge Inc (USA) makes up approx 0.37% of Sva Plumb Wealth Management’s portfolio. Teachers Advisors Inc sold out all of its stake in ENB during the most recent quarter. The investment firm sold 1,721 shares of ENB which is valued $67,618.British Airways Pensions Investment Management Ltd boosted its stake in ENB in the latest quarter, The investment management firm added 29,400 additional shares and now holds a total of 197,990 shares of Enbridge Inc (USA) which is valued at $7.8 Million. Enbridge Inc (USA) makes up approx 0.24% of British Airways Pensions Investment Management Ltd’s portfolio.

Enbridge Inc (USA) opened for trading at $39.82 and hit $40.36 on the upside on Friday, eventually ending the session at $40.29, with a gain of 1.38% or 0.55 points. The heightened volatility saw the trading volume jump to 7,50,170 shares. Company has a market cap of $37,434 M.

On the company’s financial health, Enbridge Inc (USA) reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on May 12, 2016. Analyst had a consensus of $0.63. The company had revenue of $8795.00 million for the quarter, compared to analysts expectations of $12977.32 million. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

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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