Capital Guardian Trust Company Maintains Position in Enbridge INC (ENB)

Galtero Lara
Abril 17, 2018

The institutional investor held 5.03 million shares of the natural gas distribution company at the end of 2017Q4, valued at $197.53M, up from 4.75M at the end of the previous reported quarter. Lincluden Management Ltd who had been investing in Enbridge Inc. for a number of months, seems to be bullish on the $52.98B market cap company.

Shares of NYSE ENB traded up $0.11 during mid-day trading on Friday, reaching $32.06.

Mizuho began coverage on shares of Enbridge (NYSE:ENB) (TSE:ENB) in a report released on Thursday, March 29th. It has underperformed by 37.68% the S&P500.

Cumberland Partners Ltd, which manages about $759.83M US Long portfolio, upped its stake in Accenture Plc Cl (NYSE:ACN) by 4,515 shares to 58,470 shares, valued at $8.95 million in 2017Q4, according to the filing. The institutional investor held 46,283 shares of the medical and dental instruments company at the end of 2017Q4, valued at $10.89 million, down from 49,709 at the end of the previous reported quarter.

The stock decreased 0.90% or $0.5 during the last trading session, reaching $54.85. Brokerage research firms now have a consensus recommendation of 2.3 on the shares. It has underperformed by 11.55% the S&P500.

Since February 27, 2018, it had 0 insider buys, and 1 insider sale for $323,501 activity.

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Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, February 16th. Zacks Investment Research downgraded Enbridge from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 8th. Macquarie reiterated a "buy" rating on shares of Enbridge in a research note on Thursday, December 1st. The firm has "Hold" rating by JMP Securities given on Thursday, February 22.

Analysts await Dine Brands Global, Inc. A month ago, they told us to expect earnings of US$0.4 per share while three months ago their EPS consensus estimate was US$0.4.

Investors sentiment decreased to 1.07 in Q4 2017. Its down 0.07, from 1.14 in 2017Q3. It also reduced Vectren Corp (NYSE:VVC) stake by 17,500 shares and now owns 329,628 shares. 142 funds opened positions while 611 raised stakes. Yorktown Mngmt & Rech Company Inc invested in 0.1% or 6,500 shares. Conestoga Ltd Liability holds 2,235 shares. Swiss Bankshares has 56,800 shares. Contrarius Investment Management Ltd owns 539,049 shares or 1.36% of their U.S. portfolio. State Of New Jersey Common Pension Fund D has 9,550 shares for 0.02% of their portfolio. 3,413 are owned by Janney Montgomery Scott Llc. T_ENB's profit would be $1.04B giving it 16.91 P/E if the $0.61 EPS is correct. 7 are held by Earnest Limited Liability. The firm owned 7,464 shares of the company's stock after buying an additional 619 shares during the period. Finally, Patten Group Inc. boosted its stake in shares of Enbridge by 333.2% during the 3rd quarter.

At the time of writing, the 14-day ADX for Enbridge Inc (NYSE:ENB) is 24.43. After $1.90 actual EPS reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -30.00% negative EPS growth. The 14-day RSI is now sitting at 53.23, the 7-day is at 62.99, and the 3-day is spotted at 74.8 for Enbridge Inc (NYSE:ENB). The positive are 0. Enbridge Inc Common Stock had 4 analyst reports since November 17, 2017 according to SRatingsIntel. For the month, Enbridge Inc. has posted a performance of -2.86%. (NYSE:ENB) has "Outperform" rating given on Wednesday, March 2 by BMO Capital Markets. The company has an average rating of Hold and a consensus price target of $43.67. Technical analysts believe that volume can serve as a warning signal as to whether a stock is on the verge of breaking into upside territory (high volume) or into a downside trend (low volume). On Friday, March 23 the stock rating was maintained by Morgan Stanley with "Equal-Weight". The firm issued a neutral rating on the pipeline company's stock. The stock has "Hold" rating by J.P. Morgan on Friday, June 23. Credit Suisse maintained International Business Machines Corporation (NYSE:IBM) rating on Wednesday, October 12.

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