Greystone Managed Investments Lowers stake in Enbridge Inc (USA) (ENB)

Enbridge Inc (USA) (ENB) : Greystone Managed Investments reduced its stake in Enbridge Inc (USA) by 5.97% during the most recent quarter end. The investment management company now holds a total of 3,160,398 shares of Enbridge Inc (USA) which is valued at $132,673,508 after selling 200,492 shares in Enbridge Inc (USA) , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Enbridge Inc (USA) makes up approximately 5.19% of Greystone Managed Investments’s portfolio.

Other Hedge Funds, Including , First Long Island Investors boosted its stake in ENB in the latest quarter, The investment management firm added 6,940 additional shares and now holds a total of 201,618 shares of Enbridge Inc (USA) which is valued at $8,463,924. Enbridge Inc (USA) makes up approx 1.52% of First Long Island Investors’s portfolio.Swiss National Bank boosted its stake in ENB in the latest quarter, The investment management firm added 231,200 additional shares and now holds a total of 5,187,000 shares of Enbridge Inc (USA) which is valued at $210,384,720. Enbridge Inc (USA) makes up approx 0.33% of Swiss National Bank’s portfolio.Hudock Capital Group boosted its stake in ENB in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 102 shares of Enbridge Inc (USA) which is valued at $4,137.1st Global Advisors reduced its stake in ENB by selling 248 shares or 1.51% in the most recent quarter. The Hedge Fund company now holds 16,132 shares of ENB which is valued at $648,022. Enbridge Inc (USA) makes up approx 0.09% of 1st Global Advisors’s portfolio.

Enbridge Inc (USA) closed down -0.24 points or -0.57% at $41.54 with 7,59,002 shares getting traded on Wednesday. Post opening the session at $41.59, the shares hit an intraday low of $41.33 and an intraday high of $41.665 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 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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