Enbridge INC (ENB) Shares Declined While Laffer Investments Increased Its Stake

May 17, 2018 - By Mark Mitchell

Enbridge Inc. (NYSE:ENB) Corporate Logo

In 2017Q4 SEC filling is reported Laffer Investments’s stake in Enbridge Inc (ENB) which was increased by 0.16%. The company’s stock sank 21.20% while Laffer Investments bought 83 shares. At the end of 2017Q4, the institutional investor held 52,878 shares of the natural gas distribution company, priced at $2.07B, up from 52,795 at the end of the previous reported quarter. $55.42B is Enbridge Inc’s market cap. ENB touched $32.7 during the last trading session after $0.37 change.Currently Enbridge Inc. is downtrending after 26.13% change in last May 17, 2017. ENB has also 3.31M shares volume. The stock underperformed the S&P 500 by 37.68%.

About $614.32M and $399.05B US Long portfolio Laffer Investments manages. Its stake in Pfizer Inc (NYSE:PFE) was decreased by 1,802 shares to 19,221 shares valued at $696.19 million in 2017Q4, according to the filing. For a total of 16,229 shares it reduced its holding in Ishares Msci France Etf (EWQ) by 107 shares in the quarter, and has cut its stake in Nustar Logistics Lp (NYSE:NSS).

A couple more Enbridge Inc. (NYSE:ENB) news were brought out by: Seekingalpha.com which released on May 11, 2018 “Enbridge’s Q1: Excellent Improvement On Multiple Fronts”, also Seekingalpha.com on May 16, 2018 brought out “Enbridge Q1 2018 Earnings Results Analysis”, the next Seekingalpha.com is “Enbridge considering additional asset sales, CEO Monaco says” on May 10, 2018. Streetinsider.com has article titled “Enbridge to consolidate assets in $8.94 billion restructuring”.

Enbridge Inc. (NYSE:ENB) Ratings Coverage

In total 2 analysts cover Enbridge (NYSE:ENB). “Buy” rating has 0, “Sell” are 0, while 2 are “Hold”. 0 are bullish. With $38 highest and $34 lowest price target Enbridge has $34 average price target or 3.98% above the current ($32.7) price. 3 are the (NYSE:ENB)’s analyst reports since February 9, 2018 according to StockzIntelligence Inc. On Friday, March 23 Morgan Stanley maintained Enbridge Inc. (NYSE:ENB) with “Equal-Weight” rating. The company rating was maintained by Morgan Stanley on Friday, February 9.

Enbridge Inc. (NYSE:ENB) Analyst Ratings Chart

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