United Services Automobile Association Invests $448000 in Enbridge Inc (ENB)

Paterniano Del Favero
Luglio 29, 2017

Russell Investments Group, Ltd. added to its stake by buying 14,113 shares an increase of 2.7% in the quarter. Woodstock Corp increased its position in Enbridge by 7.8% in the second quarter. Brookfield Asset Management Inc. now owns 3,752,212 shares of the pipeline company's stock worth $157,726,000 after buying an additional 3,737,212 shares during the period. McQueen Ball & Associates Inc. bought a new stake in Enbridge during the first quarter worth $1,829,000.

Wall Street await Enbridge Inc (USA) (NYSE:ENB) to release earnings on August, 4. The value of the total investment in Enbridge Inc increased from $91,302,000 to $101,304,000 increasing 11.0% quarter over quarter. The institutional investor acquired 5,705 shares of the pipeline company's stock, valued at approximately $239,000. Fruth Investment Management acquired a new stake in shares of Enbridge during the first quarter valued at about $950,000. Financial Architects Inc now owns 2,501 shares of the pipeline company's stock worth $105,000 after buying an additional 2,420 shares during the period. First Financial Bank N.A. Trust Division acquired a new stake in Enbridge during the first quarter worth approximately $332,000. The stock of Enbridge Inc (USA) (NYSE:ENB) has "Outperform" rating given on Wednesday, March 2 by BMO Capital Markets. The firm's 50-day moving average price is $39.81 and its 200-day moving average price is $41.12. The stock's market capitalization is 68.32B, it has a 52-week low of 37.37 and a 52-week high of 45.77. The firm has a market cap of $67.41 billion, a PE ratio of 43.25 and a beta of 0.61.

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Several other analysts have also commented on ENB.

03/31/2017 - Wells Fargo began new coverage on Enbridge Inc giving the company a "market perform" rating. TD Securities reissued a "buy" rating and set a C$64.00 price objective on shares of Enbridge in a report on Wednesday, April 19th. Morgan Stanley restated an "equal weight" rating and issued a $44.00 price target (down from $45.00) on shares of Enbridge in a research note on Friday, July 14th. Finally, Zacks Investment Research cut Enbridge from a "hold" rating to a "sell" rating in a research report on Tuesday, July 11th. They issued a "market perform" rating and a $43.00 price objective for the company.

A number of equities research analysts have recently weighed in on the stock. They now have a Dollars 54 price target on the stock.

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, in Canada and the United States, including Canadian Mainline, Lakehead Pipeline System (Lakehead System), Regional Oil Sands System, Mid-Continent and Gulf Coast, Southern Lights Pipeline, Bakken System, and Feeder Pipelines and Other.

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