Enbridge Inc (USA) (ENB) : Jones Collombin Investment Counsel Inc reduced its stake in Enbridge Inc (USA) by 0.04% during the most recent quarter end. The investment management company now holds a total of 48,205 shares of Enbridge Inc (USA) which is valued at $2,120,056 after selling 20 shares in Enbridge Inc (USA) , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Enbridge Inc (USA) makes up approximately 0.67% of Jones Collombin Investment Counsel Inc’s portfolio.
Other Hedge Funds, Including , Gulf International Bank (uk) Ltd boosted its stake in ENB in the latest quarter, The investment management firm added 6,250 additional shares and now holds a total of 283,011 shares of Enbridge Inc (USA) which is valued at $12,472,295. Enbridge Inc (USA) makes up approx 0.21% of Gulf International Bank (uk) Ltd’s portfolio.Msi Financial Services Inc boosted its stake in ENB in the latest quarter, The investment management firm added 348 additional shares and now holds a total of 3,638 shares of Enbridge Inc (USA) which is valued at $160,327. Enbridge Inc (USA) makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Nexus Investment Management reduced its stake in ENB by selling 10,820 shares or 4.69% in the most recent quarter. The Hedge Fund company now holds 219,955 shares of ENB which is valued at $9,521,852. Enbridge Inc (USA) makes up approx 1.76% of Nexus Investment Management’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.