Economy

Somewhat Favorable News Coverage Somewhat Unlikely to Affect Enbridge (ENB) Stock Price

Somewhat Favorable News Coverage Somewhat Unlikely to Affect Enbridge (ENB) Stock Price”

Several other hedge funds also recently made changes to their positions in ENB. Bank of Montreal Can boosted its stake in Enbridge by 72.4% in the first quarter. Capital World Investors boosted its stake in Enbridge by 14.9% in the third quarter. Norges Bank acquired a new stake in Enbridge during the fourth quarter valued at approximately $340,124,000.

Schaper Benz & Wise Investment Counsel Inc increased Facebook (NASDAQ:FB) stake by 3,370 shares to 17,990 valued at $2.72M in 2017Q2. The Schaper Benz & Wise Investment Counsel Inc holds 81,255 shares with $3.24M value, down from 90,780 last quarter. Finally, Wedbush Securities Inc. acquired a new stake in Enbridge during the first quarter worth about $494,000. Wolfe Research maintained Enbridge Inc (USA) (NYSE:ENB) on Monday, May 15 with "Market Perform" rating. The company's stock had a trading volume of 2,324,996 shares. The company has a 50-day moving average of $40.46 and a 200 day moving average of $40.52.

Enbridge Inc. has a market capital of 68.08B at the moment and a profit to earnings ratio of 36.43. The year to date performance is at -1.92% with a 52 week high of -8.38% and a 52 week low of 10.54%.

Shares of Enbridge (NYSE:ENB) traded up 0.31% during mid-day trading on Thursday, hitting $41.44. The stock is now offering a return on equity of 5.50% while the return on assets is at 1.40% and the return on investment is at 4.40%. The company had revenue of $8.26 billion during the quarter, compared to the consensus estimate of $8.81 billion. During the same period in the previous year, the company posted $0.50 EPS.

9 analysts on average are expecting Enbridge Inc.to report earnings of $0.48 per share for the current quarter. Finally, TD Securities lifted their target price on Enbridge from C$62.00 to C$64.00 and gave the company a "buy" rating in a report on Tuesday, August 8th. Citigroup Inc restated a "neutral" rating on shares of Enbridge in a research report on Wednesday, January 18th. Credit Suisse Group AG started coverage on Enbridge in a research report on Tuesday, March 14th. They issued an "outperform" rating and a $70.00 target price on the stock. The firm has "Neutral" rating given on Friday, June 23 by JP Morgan.

A number of research firms have recently issued reports on ENB. The rating was maintained by Morgan Stanley with "Equal-Weight" on Friday, July 14. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Can Thrive With Low Oil Prices" on August 15, 2017, also Fool.ca with their article: "Which Stock Is Better for Dividend Investors: "Enbridge Inc. or Suncor Energy Inc.?" published on September 13, 2017, Fool.ca published: "Buy and Forget Enbridge Inc." on July 28, 2017.

Schaper Benz & Wise Investment Counsel Inc decreased Enbridge Inc. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services.



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