Enbridge Inc (NYSE:ENB).
Cgov Asset Management bought 1,504,573 shares last quarter increasing its stake in Enbridge Inc (ENB) by 137.6%. Its position was worth $134,224,000 an increase of 120.3% according to the filing.
Other firms have also shifted positions in (ENB). As of the end of the quarter Sprott Inc. had sold 34,565 shares trimming its holdings by 4.9%. The value of the investment in Enbridge Inc decreased from $29,767,000 to $26,946,000 a change of $2,821,000 for the reporting period. Nexus Investment Management Inc. augmented its holdings by buying 982 shares an increase of 0.4%. Nexus Investment Management Inc. now holds 221,037 shares with a value of $8,795,000. The total value of its holdings decreased 4.4%.
Pennsylvania Trust Co trimmed its position by selling 1,945 shares a decrease of 1.5% from 03/31/2017 to 06/30/2017. Pennsylvania Trust Co now controls 123,563 shares worth $4,919,000. The value of the position overall is down by 6.3%.
On September 8 the company was upgraded to “” from “Neutral” by analysts at Goldman Sachs. Bank of America began coverage of ENB setting a rating of “Neutral”.
On July 20 the company was rated “Neutral” by Goldman Sachs which was a cut from the previous “” rating. On July 18 the stock rating was downgraded from “” to “Sector Perform” in a report from National Bank Financial.
On March 7, 2016 Canaccord Genuity started covering the stock by announcing an initial rating of “Buy”. On March 2 analysts at BMO Capital issued its first research report on the stock with an initial rating of “Outperform”.
The company is now up from yesterday’s close of $39.47. Enbridge Inc announced a dividend paid on Thursday the 1st of June 2017. The dividend payment was $0.563 per share for the quarter or $2.25 on an annualized basis. The dividend yield was $4.59. The ex-dividend date was set for Thursday the 11th of May 2017.
Shares of the company are trading at $40.06 a bit higher than $39.09, the 50 day moving average and barely below the 200 day moving average of $41.37. The 50 day moving average went up by +2.48% and the 200 day average moved down $-1.31.
The P/E ratio is currently 43.31 and the market value is 65.65B. In the latest earnings report the EPS was $0.93 and is estimated to be $1.66 for the current year with 1,638,832,000 shares outstanding. Next quarter’s EPS is estimated at $0.40 and the next full year EPS is projected to be $2.02.