24 August, 2017
Nevertheless, it is a common misunderstanding that a greater share price directs towards a larger company where stock price might also twist the definite worth of the organization. Smith Chas P & Associates PA Cpas' holdings in Enbridge were worth $254,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of Enbridge by 1,072.3% in the first quarter. Dimensional Fund Advisors LP now owns 195,023 shares of the pipeline company's stock valued at $8,214,000 after buying an additional 7,196 shares during the last quarter. Cumberland Partners Ltd acquired 14,071 shares as Enbridge Inc (ENB)'s stock declined 5.78%.
Connor Clark & Lunn Investment Management Ltd, which manages about $26.75B and $14.57B US Long portfolio, upped its stake in Cloud Peak Energy Inc (NYSE:CLD) by 839,906 shares to 1.79 million shares, valued at $10.07 million in 2016Q4, according to the filing.
Enbridge Inc. (NYSE:ENB) Oil & Gas Pipelines has a current market price of $39.95 and the change is 1.68%. FMR LLC now owns 34,484,573 shares of the pipeline company's stock worth $1,444,626,000 after buying an additional 8,072,511 shares during the last quarter.
St James Investment Company Llc increased Enbridge Inc (ENB) stake by 385.23% reported in 2016Q4 SEC filing.
On the other hand, Enbridge Inc.by far traveled 5.14% versus a 1-year low price of $37.37. The firm's 50-day moving average price is $51.35 and its 200-day moving average price is $53.83.
Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Thursday, August 3rd. The pipeline company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.35 by $0.05. The business had revenue of $8.26 billion during the quarter, compared to analysts' expectations of $8.81 billion. Enbridge Inc. Oil & Gas Pipelines has a PEG of 6.31 alongside a PS value of 2.02 and a PB value of 1.58. During the same period in the previous year, the firm posted $0.50 EPS. On average, equities research analysts expect that Enbridge Inc will post $1.58 earnings per share for the current fiscal year.
Many companies on the TSX have paid a dividend for a significant amount of time, and even more have impressive track records of increasing dividends for consecutive years, growing an investor's income stream over time at impressive rates. This is a boost from Enbridge's previous quarterly dividend of $0.33. The ex-dividend date will be on Friday the 11th of August 2017. This represents a $2.44 annualized dividend and a dividend yield of 4.86%. Enbridge's dividend payout ratio is presently 190.29%. If you are accessing this piece of content on another site, it was stolen and reposted in violation of United States & global trademark and copyright legislation. The legal version of this piece of content can be accessed at https://baseballnewssource.com/markets/provise-management-group-llc-sells-15992-shares-of-enbridge-inc-enb/1535732.html.
Several equities analysts have issued reports on ENB shares. Finally, J P Morgan Chase & Co restated a "neutral" rating on shares of Enbridge in a research report on Friday, June 23rd. Finally, Morgan Stanley started coverage on shares of Enbridge in a report on Tuesday, May 2nd. They set an "equal weight" rating and a $45.00 target price for the company. Zacks Investment Research lowered shares of Enbridge from a "hold" rating to a "sell" rating in a research report on Tuesday, July 11th. They set a "market perform" rating and a $43.00 target price for the company. (NYSE:ENB), 6 have Buy rating, 0 Sell and 9 Hold. The stock has "Market Perform" rating by Wolfe Research on Monday, May 15. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services.
