Caisse De Depot Et Placement Du Quebec buys $1,601,437,079 stake in Enbridge Inc (USA) (ENB)

Enbridge Inc (USA) (ENB) : Caisse De Depot Et Placement Du Quebec scooped up 7,362,815 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 15, 2016. The investment management firm now holds a total of 38,284,415 shares of Enbridge Inc (USA) which is valued at $1,601,437,079.Enbridge Inc (USA) makes up approximately 4.10% of Caisse De Depot Et Placement Du Quebec’s portfolio.

Other Hedge Funds, Including , Zions Bancorporation reduced its stake in ENB by selling 3,847 shares or 89.24% in the most recent quarter. The Hedge Fund company now holds 464 shares of ENB which is valued at $19,409.Norges Bank boosted its stake in ENB in the latest quarter, The investment management firm added 173,112 additional shares and now holds a total of 6,570,738 shares of Enbridge Inc (USA) which is valued at $274,853,971. Enbridge Inc (USA) makes up approx 0.13% of Norges Bank’s portfolio.

Enbridge Inc (USA) opened for trading at $39.24 and hit $39.675 on the upside on Thursday, eventually ending the session at $39.57, with a gain of 0.20% or 0.08 points. The heightened volatility saw the trading volume jump to 13,41,193 shares. Company has a market cap of $36,967 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 Initiated by BofA/Merrill to “Neutral” on Sep 1, 2016. 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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