Viking Fund Management LLC Boosts Position in Enbridge Inc (ENB)

Paterniano Del Favero
Mag 19, 2017

Enbridge Energy Partners, L.P. (NYSE:EEP) pays an annual dividend of 8 Hold Ratings, 6 Buy Ratings with a yield of 13.31% and an average dividend growth of 2.40% based on a 3 Year Average. The institutional investor owned 498,299 shares of the pipeline company's stock after buying an additional 148,299 shares during the period. The Pennsylvania-based Harvest Fund Advisors Llc has invested 2.82% in the stock.

02/21/2017 - Enbridge Energy, L.P. had its "sector perform" rating reiterated by analysts at RBC Capital.

Several brokerages have commented on ENB.

1832 Asset Management Lp increased Teck Resources Ltd (NYSE:TCK) stake by 173,850 shares to 458,790 valued at $9.44 million in 2016Q4.

L.P., bought 149,017 company shares on 15/05/2017, valued at $3.72 million (at $24.9 per share). Zurcher Kantonalbank Zurich Cantonalbank increased its position in Enbridge by 6.0% in the third quarter. US Bancorp DE now owns 37,648 shares of the pipeline company's stock worth $715,000 after buying an additional 5,141 shares during the last quarter. I.G. Investment Management LTD. boosted its position in Enbridge by 54.4% in the fourth quarter. Brookfield Asset Management Inc. now owns 3,752,212 shares of the pipeline company's stock valued at $157,726,000 after buying an additional 3,737,212 shares during the period.

A number of other institutional investors also recently added to or reduced their stakes in ENB.

Shares of Enbridge (NYSE:ENB) traded up 2.30% during mid-day trading on Tuesday, hitting $41.43.

On 12/17/2015 Stephen J Neyland, VP, bought 1,200 with an average share price of $19.98 per share and the total transaction amounting to $23,976.00. The firm has a 50-day moving average price of $18.40 and a 200-day moving average price of $20.94. Enbridge Inc. has $74 highest and $43 lowest target. The company has a market cap of $36.49 billion, a price-to-earnings ratio of 27.30 and a beta of 0.62. (NYSE:EEP) last announced its quarterly earnings data on Wednesday, May 10th. The pipeline company reported $0.42 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.02. The firm had revenue of $7 billion during the quarter, compared to analyst estimates of $7.10 billion.

Enbridge Energy Partners, L.P. had a negative net margin of 5.40% and a positive return on equity of 7.81%. During the same quarter in the prior year, the firm posted $0.58 EPS. Equities research analysts anticipate that Enbridge Energy Partners, L.P. will post $0.57 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be paid a $0.4435 dividend. The ex-dividend date was Thursday, May 4th. Hightower Lc has invested 0.03% in Enbridge Energy Partners, L.P. (NYSE:EEP). Enbridge's dividend payout ratio (DPR) is presently 119.33%.

COPYRIGHT VIOLATION WARNING: "Toronto Dominion Bank Continues to Hold Stake in Enbridge Energy Partners, L.P. (EEP)" was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of US and worldwide trademark & copyright law. The correct version of this piece can be accessed at Credit Suisse Group AG started coverage on shares of Enbridge in a research note on Tuesday, March 14th.

Toronto Dominion Bank maintained its position in shares of Enbridge Energy Partners, L.P. (NYSE:EEP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. Wolfe Research initiated coverage on Enbridge in a research note on Friday. Zacks Investment Research upgraded Enbridge from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a report on Thursday, February 16th. Morgan Stanley began coverage on shares of Enbridge in a report on Tuesday, May 2nd. They issued 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.

The share price of the company (NYSE:EEP) was down -1.02%, with a high of 17.89 during the day and the volume of Enbridge Energy, L.P. shares traded was 1060149.

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