Enbridge Inc (USA) (ENB) is Initiated by BofA/Merrill to Neutral

Enbridge Inc (USA) (ENB) was Initiated by BofA/Merrill to “Neutral”. BofA/Merrill advised their investors in a research report released on Sep 1, 2016.

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.

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.

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.

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.

Enbridge Inc (USA)

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