Level Four Advisory Services LLC Trims Position in Enbridge Inc (ENB)

Level Four Advisory Services LLC decreased its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 22.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,805 shares of the pipeline company’s stock after selling 4,094 shares during the period. Level Four Advisory Services LLC’s holdings in Enbridge were worth $573,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital World Investors lifted its position in Enbridge by 8.2% during the 2nd quarter. Capital World Investors now owns 149,378,598 shares of the pipeline company’s stock worth $5,948,565,000 after buying an additional 11,294,003 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Enbridge by 10.9% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 43,464,138 shares of the pipeline company’s stock worth $1,818,540,000 after buying an additional 4,256,369 shares in the last quarter. TD Asset Management Inc. lifted its position in Enbridge by 4.6% during the 2nd quarter. TD Asset Management Inc. now owns 43,401,073 shares of the pipeline company’s stock worth $1,726,420,000 after buying an additional 1,909,405 shares in the last quarter. Vanguard Group Inc. lifted its position in Enbridge by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 40,741,765 shares of the pipeline company’s stock worth $1,621,930,000 after buying an additional 1,758,679 shares in the last quarter. Finally, Capital International Investors lifted its position in Enbridge by 2.1% during the 2nd quarter. Capital International Investors now owns 38,180,126 shares of the pipeline company’s stock worth $1,520,465,000 after buying an additional 788,202 shares in the last quarter. Institutional investors and hedge funds own 61.57% of the company’s stock.

Enbridge Inc (NYSE:ENB) traded down 0.952% on Tuesday, reaching $41.115. 853,739 shares of the company’s stock were exchanged. Enbridge Inc has a 52 week low of $37.37 and a 52 week high of $45.09. The company has a market cap of $67.67 billion, a price-to-earnings ratio of 32.272 and a beta of 0.65. The stock’s 50 day moving average is $41.04 and its 200 day moving average is $40.56.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Thursday, August 3rd. The pipeline company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.05). Enbridge had a net margin of 5.28% and a return on equity of 6.04%. The firm had revenue of $8.26 billion for the quarter, compared to analyst estimates of $8.81 billion. During the same period in the previous year, the business posted $0.50 earnings per share. On average, equities analysts anticipate that Enbridge Inc will post $1.64 earnings per share for the current year.

Several brokerages recently issued reports on ENB. GMP Securities downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded shares of Enbridge from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Morgan Stanley reiterated an “equal weight” rating and set a $44.00 price target (down previously from $45.00) on shares of Enbridge in a research report on Friday, July 14th. Zacks Investment Research downgraded shares of Enbridge from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating on shares of Enbridge in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.00.

COPYRIGHT VIOLATION NOTICE: “Level Four Advisory Services LLC Trims Position in Enbridge Inc (ENB)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally stolen and republished in violatio

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital World Investors lifted its position in Enbridge by 8.2% during the 2nd quarter. Capital World Investors now owns 149,378,598 shares of the pipeline company’s stock worth $5,948,565,000 after buying an additional 11,294,003 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Enbridge by 10.9% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 43,464,138 shares of the pipeline company’s stock worth $1,818,540,000 after buying an additional 4,256,369 shares in the last quarter. TD Asset Management Inc. lifted its position in Enbridge by 4.6% during the 2nd quarter. TD Asset Management Inc. now owns 43,401,073 shares of the pipeline company’s stock worth $1,726,420,000 after buying an additional 1,909,405 shares in the last quarter. Vanguard Group Inc. lifted its position in Enbridge by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 40,741,765 shares of the pipeline company’s stock worth $1,621,930,000 after buying an additional 1,758,679 shares in the last quarter. Finally, Capital International Investors lifted its position in Enbridge by 2.1% during the 2nd quarter. Capital International Investors now owns 38,180,126 shares of the pipeline company’s stock worth $1,520,465,000 after buying an additional 788,202 shares in the last quarter. Institutional investors and hedge funds own 61.57% of the company’s stock.

Enbridge Inc (NYSE:ENB) traded down 0.952% on Tuesday, reaching $41.115. 853,739 shares of the company’s stock were exchanged. Enbridge Inc has a 52 week low of $37.37 and a 52 week high of $45.09. The company has a market cap of $67.67 billion, a price-to-earnings ratio of 32.272 and a beta of 0.65. The stock’s 50 day moving average is $41.04 and its 200 day moving average is $40.56.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Thursday, August 3rd. The pipeline company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.05). Enbridge had a net margin of 5.28% and a return on equity of 6.04%. The firm had revenue of $8.26 billion for the quarter, compared to analyst estimates of $8.81 billion. During the same period in the previous year, the business posted $0.50 earnings per share. On average, equities analysts anticipate that Enbridge Inc will post $1.64 earnings per share for the current year.

Several brokerages recently issued reports on ENB. GMP Securities downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded shares of Enbridge from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Morgan Stanley reiterated an “equal weight” rating and set a $44.00 price target (down previously from $45.00) on shares of Enbridge in a research report on Friday, July 14th. Zacks Investment Research downgraded shares of Enbridge from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating on shares of Enbridge in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.00.

COPYRIGHT VIOLATION NOTICE: “Level Four Advisory Services LLC Trims Position in Enbridge Inc (ENB)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/17/level-four-advisory-services-llc-trims-position-in-enbridge-inc-enb.html.

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.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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