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Main » Lake Street Advisors Group LLC Purchases Shares of 6690 Enbridge (NYSE:ENB)

Lake Street Advisors Group LLC Purchases Shares of 6690 Enbridge (NYSE:ENB)

15 April 2018

In 2017Q4 Securities and Exchange form is reported Intact Investment Management Inc's stake in Enbridge Inc (ENB) which was decreased by 20.38%. Wedge Capital Management L LP bought 6,686 shares as the company's stock rose 2.95% while stock markets declined. At the end of 2017Q4, the 2.45M shares of the natural gas distribution company held by the institutional investor were priced at $120.59 million, down from 3.08M at the end of the previous reported quarter. Guardian Capital Advisors Lp who had been investing in Enbridge Inc for a number of months, seems to be bullish on the $52.98 billion market cap company.

Shares of Enbridge stock traded up $0.11 during trading on Friday, reaching $32.06. About 26.23M shares traded. Since April 14, 2017 ENB has declined 26.13% and is downtrending. It has underperformed by 11.55% the S&P500.

Among 16 analysts covering Enbridge Inc.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Friday, February 16th. If $0.61 is reported, T_ENB's profit will reach $1.03 billion for 16.55 P/E. The pipeline company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06.

Energy Income Partners Llc, which manages about $4.12 billion and $5.83 billion US Long portfolio, upped its stake in Williams Cos Inc Del (NYSE:WMB) by 986,534 shares to 7.18 million shares, valued at $218.98 million in 2017Q4, according to the filing. According to a filing the fund increased its stake in Norbord Inc (NBRXF) by 130,600 shares to 341,800 shares, valued at $14.53 million in 2017Q4.

Assetmark Inc. grew its holdings in shares of Enbridge by 37.9% during the 4th quarter. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Therefore 43% are positive.

In total 2 analysts cover Enbridge Inc Common Stock (NYSE:ENB). The firm has "Equal-Weight" rating given on Friday, November 17 by Morgan Stanley. Strategic Financial Services Inc grew its holdings in shares of Enbridge by 1.9% during the 4th quarter. The stock rating was maintained by Morgan Stanley with "Equal-Weight" on Friday, March 23. Also, Director Michael E.J. Phelps sold 18,054 shares of the company's stock in a transaction on Thursday, February 22nd. Bank of America initiated the stock with "Neutral" rating in Thursday, September 1 report. As per Friday, June 23, the company rating was reinitiated by JP Morgan. The firm has "Outperform" rating by RBC Capital Markets given on Friday, October 9. The rating was maintained by Wolfe Research on Monday, May 15 with "Market Perform". The firm has "Overweight" rating by JP Morgan given on Tuesday, December 15. (NASDAQ:ENSG). Bard Associate Incorporated reported 1.38% of its portfolio in The Ensign Group, Inc. This year's EPS analyst estimate is awaited to be $0.61. The company has a market capitalization of $54,458.49, a PE ratio of 20.82, a PEG ratio of 2.05 and a beta of 0.63. After $0.48 actual EPS reported by Enbridge Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since January 10, 2018, it had 0 buys, and 1 sale for $381,197 activity. Campbell Ann Marie also sold $7.02 million worth of The Home Depot, Inc. It dived, as 18 investors sold BRO shares while 91 reduced holdings.

Investors sentiment decreased to 1.73 in 2017 Q4. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. It turned negative, as 51 investors sold HD shares while 662 reduced holdings. Chesley Taft And Assoc Lc owns 22,412 shares for 0.36% of their portfolio.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -15.81%, and has a solid year to date (YTD) performance of -18.44% which means that the stock is constantly adding to its value from the previous fiscal year end price. The third largest holder is Capital International Investors, which now holds $1.74 billion worth of this stock and that ownership represents almost 3.18% of its market capitalization.