Argyle Capital Management Inc. Sells 492 Shares of Enbridge Inc (ENB)

Xavier Trudeau
Août 3, 2017

OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 85.1% during the first quarter, according to its most recent Form 13F filing with the SEC.

The company said it expects the performance of its liquids pipelines business to strengthen over the rest of the year as production and throughput ramps back up on its mainline system. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Enbridge by 10.9% in the first quarter. Financial Architects Inc now owns 2,501 shares of the pipeline company's stock valued at $105,000 after buying an additional 2,420 shares during the last quarter. Financial Architects Inc boosted its position in shares of Enbridge by 2,987.7% in the first quarter. Accern also gave headlines about the pipeline company an impact score of 27 out of 100, indicating that recent news coverage is unlikely to have an impact on the stock's share price in the next few days. Vanguard Group Inc. boosted its position in shares of Enbridge by 82.9% in the first quarter. NEXT Financial Group Inc now owns 2,731 shares of the pipeline company's stock worth $109,000 after buying an additional 411 shares during the period. Monroe Bank & Trust MI purchased a new stake in Enbridge during the first quarter worth $105,000. Bluestein R H & Co. now owns 15,196 shares of the pipeline company's stock valued at $636,000 after buying an additional 196 shares during the period. FMR LLC now owns 34,484,573 shares of the pipeline company's stock worth $1,444,626,000 after buying an additional 8,072,511 shares in the last quarter. Hedge funds and other institutional investors own 63.31% of the company's stock.

Shares of Enbridge (ENB) opened at 41.80 on Thursday. Enbridge Inc has a 12-month low of $37.37 and a 12-month high of $45.77. The stock has a market cap of $68.14 billion, a PE ratio of 43.54 and a beta of 0.62. The company has a 50 day moving average price of $39.89 and a 200 day moving average price of $41.10.

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Several research analysts recently commented on ENB shares. Morgan Stanley reissued an "equal weight" rating and issued a $44.00 price target (down previously from $45.00) on shares of Enbridge in a report on Friday, July 14th. Finally, BidaskClub upgraded shares of Enbridge from a "strong sell" rating to a "sell" rating in a report on Saturday, June 24th. Zacks Investment Research lowered shares of Enbridge from a "hold" rating to a "strong sell" rating in a research note on Monday, April 24th. Finally, Wolfe Research assumed coverage on Enbridge in a report on Friday, May 12th. They set a "market perform" rating and a $43.00 target price for the company. J P Morgan Chase & Co restated 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 given a hold rating and eight have assigned a buy rating to the company. Enbridge presently has a consensus rating of "Hold" and an average price target of $54.00.

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