Economy

$0.36 EPS Expected for Enbridge Inc (USA) (ENB)

The Somerville Kurt F holds 15,823 shares with $631,000 value, down from 24,176 last quarter.

Company shares last traded at $38.58 which is just a bit below the 50 day moving average of $40.76 and which is a tad under the 200 day moving average of $40.35. Approximately 4.0% of the company's shares are short sold.

First United Bank Trust trimmed its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 22.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. It has underperformed by 17.10% the S&P500. Short interest decreased 185,721 over that timeframe. KYZN's SI was 800 shares in November as released by FINRA. Burgundy Asset Management Ltd. now owns 4,502,208 shares of the pipeline company's stock worth $179,227,000 after purchasing an additional 1,298,717 shares in the last quarter. It is down 0.00% since November 1, 2016 and is. The company has market cap of $63.63 billion. It offers products, such as Aquanox, Metalnox, Ionox, Cybersolv, KYZEN, Micronox, Optisolv/KYZEN PV and Solstice Performance Fluid. It has a 35.94 P/E ratio. The Company's Aquanox line of chemistries is concentrated aqueous cleaning chemistries designed for the electronic assembly, aerospace and automotive industries.

Canada's Enbridge Inc on Thursday posted a quarterly profit that was short of analysts' estimates, hurt by a decrease in natural gas pipeline volumes, offsetting gains from the assets it gained in the Spectra Energy deal.

Earnings attributable to shareholders was C$765 million ($595.38 million), or C$0.47 per share, compared with a loss of C$103 million, or C$0.11 per share, a year earlier. Analysts predict that Enbridge Inc will post $1.59 EPS for the current year. Scotia Capital Inc. boosted its holdings in shares of Enbridge by 8.1% during the 2nd quarter. (NYSE:ENB), 6 have Buy rating, 0 Sell and 9 Hold. Therefore 40% are positive. BidaskClub lowered shares of Enbridge from a "sell" rating to a "strong sell" rating in a report on Friday, August 11th.

Enbridge Inc. (NYSE:ENB) saw a large growth in short interest in October. Goldman Sachs Group Inc. raised shares of Enbridge from a "neutral" rating to a "buy" rating and upped their price objective for the company from $43.00 to $48.00 in a research note on Wednesday, September 7th.

The company bought Houston-based Spectra last September in an all-stock deal valued at about $28 billion, creating North America's largest energy infrastructure company. The rating was reinitiated by Citigroup on Wednesday, January 18 with "Neutral". Credit Suisse maintained the shares of ENB in report on Tuesday, March 8 with "Neutral" rating. The company was initiated on Tuesday, December 15 by JP Morgan. The firm earned "Outperform" rating on Friday, October 23 by BMO Capital Markets. The rating was initiated by BMO Capital Markets on Friday, October 23 with "Outperform".

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