Enbridge Inc (ENB) Set to Announce Quarterly Earnings on Thursday

03 Août, 2017, 16:41 | Author: Marc Bacque
  • Enbridge Inc (ENB) Set to Announce Quarterly Earnings on Thursday

Enbridge Inc (NYSE:ENB) (TSE:ENB) will be issuing its quarterly earnings data before the market opens on Thursday, August 3rd. TD Asset Management Inc. now owns 41,491,668 shares of the pipeline company's stock worth $1,733,219,000 after buying an additional 9,123,400 shares in the last quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Monroe Bank & Trust MI purchased a new stake in Enbridge during the first quarter worth $105,000. Analysts expect the company to announce earnings of $0.34 per share for the quarter. First Personal Financial Services purchased a new position in shares of Enbridge during the first quarter worth approximately $102,000. Finally, Mascoma Wealth Management LLC acquired a new stake in shares of Enbridge during the first quarter worth about $111,000. Bank of Montreal Can now owns 38,965,561 shares of the pipeline company's stock worth $1,630,318,000 after buying an additional 16,369,985 shares in the last quarter. Financial Architects Inc raised its stake in shares of Enbridge by 2,987.7% in the first quarter. Atwood & Palmer Inc. now owns 2,721 shares of the pipeline company's stock valued at $114,000 after buying an additional 221 shares during the period. Kistler Tiffany Companies LLC acquired a new position in shares of Enbridge during the first quarter valued at approximately $109,000. Warren Averett Asset Management LLC now owns 6,684 shares of the pipeline company's stock valued at $280,000 after buying an additional 376 shares during the period.

Shares of Enbridge Inc (ENB) traded up 0.4951% during mid-day trading on Wednesday, reaching $41.8361. Enbridge has a 1-year low of $37.37 and a 1-year high of $45.77. The firm has a 50-day moving average of $40.07 and a 200-day moving average of $41.05. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & global trademark & copyright law. The original version of this news story can be viewed at https://stocknewstimes.com/2017/08/02/laurel-grove-capital-llc-invests-738000-in-enbridge-inc-nyseenb-updated.html.

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A number of research firms have weighed in on ENB. They set an "equal weight" rating and a $45.00 target price on the stock. Wolfe Research initiated coverage on shares of Enbridge in a research report on Friday, May 12th. They set a "market perform" rating and a $43.00 target price on the stock. J P Morgan Chase & Co restated a "neutral" rating on shares of Enbridge in a research report on Friday, June 23rd. Zacks Investment Research lowered shares of Enbridge from a "hold" rating to a "sell" rating in a report on Tuesday, July 11th. Finally, BidaskClub upgraded shares of Enbridge from a "strong sell" rating to a "sell" rating in a report on Saturday, June 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company's stock. The stock has an average rating of "Hold" and an average price target of $54.00.

Enbridge Inc is a Canada-based energy transportation and distribution company. Hedge funds and other institutional investors own 63.31% of the company's stock. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

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