Enbridge Inc (ENB) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 896.5% during the first quarter, Holdings Channel reports. The fund owned 1,607,717 shares of the pipeline company’s stock after buying an additional 1,446,384 shares during the period. Ameriprise Financial Inc.’s holdings in Enbridge were worth $67,020,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TD Asset Management Inc. increased its stake in Enbridge by 28.2% in the first quarter. 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 during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in Enbridge by 1.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 39,309,705 shares of the pipeline company’s stock worth $1,735,991,000 after buying an additional 526,282 shares during the period. Bank of Montreal Can increased its stake in Enbridge by 72.4% in the first quarter. 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 during the period. FMR LLC increased its stake in Enbridge by 4.7% in the fourth quarter. FMR LLC now owns 26,412,062 shares of the pipeline company’s stock worth $1,111,445,000 after buying an additional 1,192,886 shares during the period. Finally, Jarislowsky Fraser Ltd increased its stake in Enbridge by 19.2% in the fourth quarter. Jarislowsky Fraser Ltd now owns 18,177,461 shares of the pipeline company’s stock worth $765,837,000 after buying an additional 2,933,909 shares during the period. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

Enbridge Inc (ENB) opened at 39.07 on Friday. The company has a market cap of $64.03 billion, a price-to-earnings ratio of 44.20 and a beta of 0.62. The firm’s 50-day moving average is $40.65 and its 200-day moving average is $41.83. Enbridge Inc has a 12 month low of $38.26 and a 12 month high of $45.77.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 15th were issued a $0.4435 dividend. This represents a $1.77 annualized dividend and a yield of 4.55%. The ex-dividend date was Thursday, May 11th. This is an increase from Enbridge’s previous quarterly dividend of $0.33. Enbridge’s dividend payout ratio (DPR) is currently 119.33%.

ILLEGAL ACTIVITY WARNING: “Enbridge Inc (ENB) Shares Bought by Ameriprise Financial Inc.” was reported by Mideast Time and is owned by of Mideast Time. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.mideasttime.com/enbridge-inc-enb-shares-bought-by-ameriprise-financial-inc/1745314.html.

A number of analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of Enbridge in a report on Friday, May 12th. They set a “market perform” rating and a $43.00 price objective for the company. Morgan Stanley assumed coverage on shares of Enbridge in a report on Tuesday, May 2nd. They set an “equal weight” rating and a $45.00 price objective for the company. Zacks Investment Research downgraded shares of Enbridge from a “hold” rating to a “strong sell” rating in a report on Monday, April 24th. Wells Fargo & Co restated a “market perform” rating on shares of Enbridge in a report on Friday, March 31st. Finally, Credit Suisse Group AG assumed coverage on shares of Enbridge in a report on Tuesday, March 14th. They set an “outperform” rating and a $70.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Enbridge has a consensus rating of “Buy” and a consensus price target of $55.22.

About Enbridge

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ENB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding ENB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enbridge Inc (NYSE:ENB) (TSE:ENB).

Receive News & Ratings for Enbridge Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.