Enbridge Inc (USA) (ENB) : Partners Group Holding Ag reduced its stake in Enbridge Inc (USA) by 0.96% during the most recent quarter end. The investment management company now holds a total of 724,900 shares of Enbridge Inc (USA) which is valued at $29 Million after selling 7,000 shares in Enbridge Inc (USA) , the firm said in a disclosure report filed with the SEC on May 11, 2016.Enbridge Inc (USA) makes up approximately 6.08% of Partners Group Holding Ag’s portfolio.
Other Hedge Funds, Including , Bessemer Group Inc added ENB to its portfolio by purchasing 35 company shares during the most recent quarter which is valued at $1,399.Exane Derivatives reduced its stake in ENB by selling 68 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 2,887 shares of ENB which is valued at $113,430. Enbridge Inc (USA) makes up approx 0.02% of Exane Derivatives’s portfolio. Cam Group Holding As sold out all of its stake in ENB during the most recent quarter. The investment firm sold 33,300 shares of ENB which is valued $1.3 Million.Boston Financial Mangement Inc reduced its stake in ENB by selling 16,490 shares or 73.26% in the most recent quarter. The Hedge Fund company now holds 6,020 shares of ENB which is valued at $236,526. Enbridge Inc (USA) makes up approx 0.04% of Boston Financial Mangement Inc’s portfolio.
Enbridge Inc (USA) opened for trading at $40.18 and hit $40.87 on the upside on Monday, eventually ending the session at $40.48, with a gain of 1.30% or 0.52 points. The heightened volatility saw the trading volume jump to 9,66,392 shares. Company has a market cap of $37,610 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.