Duff Phelps Investment Management Co buys $86,730,143 stake in Enbridge Inc (USA) (ENB)

Enbridge Inc (USA) (ENB) : Duff Phelps Investment Management Co scooped up 139,015 additional shares in Enbridge Inc (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 1,972,036 shares of Enbridge Inc (USA) which is valued at $86,730,143.Enbridge Inc (USA) makes up approximately 1.25% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Spirit Of America Management Corpny boosted its stake in ENB in the latest quarter, The investment management firm added 22,700 additional shares and now holds a total of 45,529 shares of Enbridge Inc (USA) which is valued at $2,002,365. Enbridge Inc (USA) makes up approx 0.27% of Spirit Of America Management Corpny’s portfolio.Creative Planning boosted its stake in ENB in the latest quarter, The investment management firm added 174 additional shares and now holds a total of 11,122 shares of Enbridge Inc (USA) which is valued at $481,471.British Columbia Investment Management Corp boosted its stake in ENB in the latest quarter, The investment management firm added 2,400 additional shares and now holds a total of 142,703 shares of Enbridge Inc (USA) which is valued at $6,177,613. Enbridge Inc (USA) makes up approx 0.06% of British Columbia Investment Management Corp’s portfolio.Gofen Glossberg Il reduced its stake in ENB by selling 540 shares or 2.26% in the most recent quarter. The Hedge Fund company now holds 23,400 shares of ENB which is valued at $1,019,772. Enbridge Inc (USA) makes up approx 0.04% of Gofen Glossberg Il’s portfolio.

Enbridge Inc (USA) closed down -0.09 points or -0.20% at $43.98 with 16,00,538 shares getting traded on Friday. Post opening the session at $44.39, the shares hit an intraday low of $43.87 and an intraday high of $44.47 and the price fluctuated in this range throughout the day.Shares ended Friday 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 Upgraded by Goldman to ” Buy” on Sep 8, 2016. Enbridge Inc (USA) was Upgraded by National Bank Financial to ” Outperform” on Sep 7, 2016. Enbridge Inc (USA) was Initiated by BofA/Merrill to “Neutral” on Sep 1, 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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