Lombard odier transatlantic limited partnership adds enbridge inc (usa) (enb) to its portfolio _ street edition

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in ENB during the Q4 period, The investment management firm added 567,511 additional shares and now holds a total of 5,837,847 shares of Enbridge Inc (USA) which is valued at $221.7 Million. Enbridge Inc (USA) makes up approx 0.25% of Legal General Group Plc’s portfolio. Capital International Sarl reduced its stake in ENB by selling 94,540 shares or 35.41% during the fourth quarter. The Hedge Fund company now holds 172,460 shares of ENB which is valued at $6.6 Million. Enbridge Inc (USA) makes up approx 0.58% of Capital International Sarl’s portfolio. Fourpoints Investment Managers S. a.s. sold out all of its stake in ENB during the fourth quarter. The investment firm sold 51,591 shares of ENB which is valued $2 Million. Metlife Securities Inc boosted its stake in ENB during the Q4 period, The investment management firm added 2,223 additional shares and now holds a total of 2,799 shares of Enbridge Inc (USA) which is valued at $106,306.

On the company’s financial health, Enbridge Inc (USA) reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Feb 19, 2016. Analyst had a consensus of $0.52. The company had revenue of $8914.00 million for the quarter, compared to analysts expectations of $8792.64 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on Enbridge Inc (USA). Enbridge Inc (USA) was Downgraded by Credit Suisse to ” Neutral” on Feb 4, 2016. Enbridge Inc (USA) was Initiated by JP Morgan to “Overweight” on Dec 15, 2015.

Enbridge Inc (USA) closed down -0.01 points or -0.03% at $37.93 with 5,48,260 shares getting traded on Monday. Post opening the session at $38.07, the shares hit an intraday low of $37.75 and an intraday high of $38.35 and the price fluctuated in this range throughout the day. Shares ended Monday session in Red.

Enbridge Inc. (Enbridge) is an energy transportation and distribution company. The Company operates in five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines Processing and Energy Services; Sponsored Investments and Corporate. Liquids Pipelines segment owns and operates crude oil and other liquid hydrocarbons pipelines and terminals. Gas Distribution consists of the Company’s natural gas utility operations. Gas Pipelines Processing and Energy Services segment consists of investments in natural gas pipelines gathering and processing facilities and the Company’s energy services businesses along with renewable energy and transmission facilities. Sponsored Investments includes the Company’s 33.7% economic interest in Enbridge Energy Partners L. P. (EEP) and Enbridge’s interests in both the Eastern Access and Lakehead System Mainline expansion projects held through Enbridge Energy Limited Partnership (EELP). The Corporate segment includes an investment in Noverco Inc.

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