Enbridge Inc (USA) (ENB) : Capital International Ltd Ca scooped up 148,600 additional shares in Enbridge Inc (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 671,900 shares of Enbridge Inc (USA) which is valued at $26,835,686.Enbridge Inc (USA) makes up approximately 2.25% of Capital International Ltd Ca’s portfolio.
Other Hedge Funds, Including , Barometer Capital Management reduced its stake in ENB by selling 447,100 shares or 81.13% in the most recent quarter. The Hedge Fund company now holds 104,000 shares of ENB which is valued at $4,424,160. Enbridge Inc (USA) makes up approx 0.49% of Barometer Capital Management’s portfolio.Korea Investment Corp boosted its stake in ENB in the latest quarter, The investment management firm added 69,524 additional shares and now holds a total of 1,124,596 shares of Enbridge Inc (USA) which is valued at $47,840,314. Enbridge Inc (USA) makes up approx 0.26% of Korea Investment Corp’s portfolio. Schmidt P J Investment Management Inc added ENB to its portfolio by purchasing 25,935 company shares during the most recent quarter which is valued at $1,138,806. Enbridge Inc (USA) makes up approx 0.43% of Schmidt P J Investment Management Inc’s portfolio.
Enbridge Inc (USA) opened for trading at $41.89 and hit $42.33 on the upside on Monday, eventually ending the session at $42.26, with a gain of 0.81% or 0.34 points. The heightened volatility saw the trading volume jump to 20,35,777 shares. Company has a market cap of $39,669 M.
On the company’s financial health, Enbridge Inc (USA) reported $0.47 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $0.49.Analysts expectations of $ 8049.06.During the same quarter in the previous year, the company posted $0.47 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.