Sigma Planning Corp Sells 7081 Shares of Enbridge Inc (ENB)

Cornelia Mascio
Novembre 24, 2017

Commerce Bank now owns 44,893 shares of the pipeline company's stock valued at $1,878,000 after acquiring an additional 3,597 shares during the period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. It also increased its holding in Prudential Finl Inc (NYSE:PRU) by 227,860 shares in the quarter, for a total of 575,603 shares, and has risen its stake in Jetblue Airways Corp (NASDAQ:JBLU). Dimensional Fund Advisors LP now owns 651,115 shares of the pipeline company's stock worth $27,236,000 after buying an additional 456,092 shares in the last quarter. Spectrum Management Group Inc. acquired a new stake in shares of Enbridge in the third quarter worth $113,000. Finally, M Holdings Securities Inc. bought a new stake in Enbridge during the first quarter worth approximately $255,000. San Francisco Sentry Investment Group CA acquired a new stake in shares of Enbridge in the second quarter worth $159,000. NEXT Financial Group Inc now owns 4,196 shares of the pipeline company's stock worth $174,000 after acquiring an additional 1,465 shares during the period. If you are reading this article on another website, it was stolen and republished in violation of United States & global trademark & copyright legislation.

Shares of Enbridge Inc (ENB) traded up $0.29 during trading on Friday, hitting $37.27. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark law. The legal version of this article can be viewed at https://www.thelincolnianonline.com/2017/11/24/sg-americas-securities-llc-has-2-24-million-holdings-in-enbridge-inc-enb.html. The company's stock had a trading volume of 1,667,085 shares, compared to its average volume of 4,114,867. The firm has a market cap of $61,151.94, a price-to-earnings ratio of 24.01, a PEG ratio of 2.62 and a beta of 0.65. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 1.06.

About Enbridge Enbridge Inc is a Canada-based energy transportation and distribution company.

More notable recent Enbridge Inc (USA) (NYSE:ENB) news were published by: Fool.ca which released: "Enbridge Inc". The pipeline company reported $0.39 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.36 by $0.03. The company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.54 billion. Enbridge had a net margin of 7.49% and a return on equity of 5.62%. During the same quarter last year, the business earned $0.47 earnings per share. research analysts predict that Enbridge Inc will post 1.53 EPS for the current year. Shares?" published on November 03, 2017, Fool.ca published: "Enbridge Inc.: "A High-Yield Dividend Stock I'd Buy Right Now" on November 23, 2017. This represents a $1.90 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date is Tuesday, November 14th. This is a boost from Enbridge's previous quarterly dividend of $0.33. Enbridge's dividend payout ratio is 119.50%.

Media headlines about Enbridge (NYSE:ENB) (TSE:ENB) have trended somewhat positive this week, AlphaOne reports. BidaskClub raised Enbridge from a "strong sell" rating to a "sell" rating in a research report on Friday, August 25th. Zacks Investment Research cut Enbridge from a "hold" rating to a "sell" rating in a research report on Tuesday, October 31st. Finally, Morgan Stanley reduced their target price on Enbridge from $43.00 to $41.00 and set an "equal weight" rating for the company in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock.

Receive News & Ratings for Enbridge Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge Inc and related companies with MarketBeat.com's FREE daily email newsletter. We appreciate the merger with Spectra Energy as it has made Enbridge the largest energy infrastructure company in North America in terms of enterprise value. It operates through five divisions: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services.

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