Cibc Asset Management Inc buys $396,448,366 stake in Enbridge Inc (USA) (ENB)

Enbridge Inc (USA) (ENB) : Cibc Asset Management Inc scooped up 160,368 additional shares in Enbridge Inc (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 9,774,368 shares of Enbridge Inc (USA) which is valued at $396,448,366.Enbridge Inc (USA) makes up approximately 2.91% of Cibc Asset Management Inc’s portfolio.

Other Hedge Funds, Including , World Asset Management Inc boosted its stake in ENB in the latest quarter, The investment management firm added 7,191 additional shares and now holds a total of 57,291 shares of Enbridge Inc (USA) which is valued at $2,323,723. Enbridge Inc (USA) makes up approx 0.09% of World Asset Management Inc’s portfolio.Boston Private Wealth reduced its stake in ENB by selling 10,331 shares or 10.66% in the most recent quarter. The Hedge Fund company now holds 86,621 shares of ENB which is valued at $3,513,348. Enbridge Inc (USA) makes up approx 0.14% of Boston Private Wealth’s portfolio.Agf Investments reduced its stake in ENB by selling 105,128 shares or 5.88% in the most recent quarter. The Hedge Fund company now holds 1,681,944 shares of ENB which is valued at $68,219,649. Enbridge Inc (USA) makes up approx 0.75% of Agf Investments’s portfolio.

Enbridge Inc (USA) opened for trading at $41.56 and hit $42.09 on the upside on Monday, eventually ending the session at $41.98, with a gain of 1.62% or 0.67 points. The heightened volatility saw the trading volume jump to 4,97,329 shares. Company has a market cap of $39,219 M.

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 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.

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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