Somewhat Positive News Coverage Somewhat Unlikely to Affect Enbridge (ENB) Share Price

Cornelia Mascio
Ottobre 12, 2017

The stock had a trading volume of 1,980,511 shares. The Regent Investment Management Llc holds 80,605 shares with $3.21M value, up from 60,757 last quarter. The company has a market capitalization of $68.07 billion, a P/E ratio of 32.46 and a beta of 0.65. The stock declined 0.22% or $0.09 reaching $41.62 on the news. About 54,844 shares traded.

It is down 10.50% since October 11, 2016 and is uptrending.

Viking Fund Management Llc decreased its stake in Enbridge Inc (ENB) by 22.07% based on its latest 2017Q2 regulatory filing with the SEC. Regent Investment Management Llc acquired 19,848 shares as Enbridge Inc F (ENB)'s stock declined 5.78%. The hedge fund held 146,772 shares of the natural gas distribution company at the end of 2017Q2, valued at $5.84 million, down from 188,996 at the end of the previous reported quarter. The stock rose 0.22% or $0.09 reaching $41.46.

Enbridge Inc (TSE:ENB) (NYSE:ENB) has been given an average recommendation of "Buy" by the eight ratings firms that are now covering the firm, MarketBeat reports. It has underperformed by 17.10% the S&P500. "Headed?" on October 05, 2017. More interesting news about Enbridge Inc (USA) (NYSE:ENB) were released by: Fool.ca and their article: "Enbridge Inc.: Is the Sell-Off Over?" published on September 22, 2017 as well as Fool.ca's news article titled: "Enbridge Inc.: A Top-Tier Income Stock" with publication date: September 26, 2017.

Among 15 analysts covering Enbridge Inc. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. Therefore 40% are positive. Raymond James Financial Services Advisors Inc.'s holdings in Enbridge were worth $9,269,000 at the end of the most recent reporting period. Finally, J P Morgan Chase & Co restated a "neutral" rating on shares of Enbridge in a research note on Friday, June 23rd. The stock has "Buy" rating by Canaccord Genuity on Monday, March 7. The stock has "Outperform" rating by RBC Capital Markets on Friday, October 9. Zacks Investment Research raised Enbridge from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a research report on Thursday, February 16th. The firm has "Neutral" rating by JP Morgan given on Friday, June 23. The company was downgraded on Wednesday, July 20 by Goldman Sachs.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Thursday, August 3rd. Analysts forecast earnings per share of $0.36, exactly $0.00 or 0.00 % from 2014's $0.36 EPS. The firm had revenue of $8.26 billion for the quarter, compared to analyst estimates of $8.81 billion.

Jarislowsky Fraser Ltd, which manages about $33.95 billion and $15.80B US Long portfolio, decreased its stake in Gildan Activewear Inc. It also increased its holding in Enterprise Products Partners L (NYSE:EPD) by 20,959 shares in the quarter, for a total of 1.41M shares, and has risen its stake in Buckeye Partners Lp (NYSE:BPL). Credicorp LTD had 11 analyst reports since September 11, 2015 according to SRatingsIntel. Scotia Capital initiated Credicorp Ltd. (USA) (NYSE:BAP) on Tuesday, March 15 with "Outperform" rating. Morgan Stanley began coverage on Enbridge in a research report on Tuesday, May 2nd. The rating was maintained by Credit Suisse on Wednesday, September 21 with "Outperform". The stock has "Neutral" rating by Citigroup on Friday, September 29. Bulldog Investors Llc owns 225,506 shares or 0.6% of their United States portfolio. It also reduced its holding in Netease Inc Adr (NASDAQ:NTES) by 1,115 shares in the quarter, leaving it with 25,346 shares, and cut its stake in Nissan Motor Ltd Adr (NSANY).

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