Enbridge Inc (ENB) Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lowered its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 8.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,892,969 shares of the pipeline company’s stock after selling 185,185 shares during the period. Mawer Investment Management Ltd.’s holdings in Enbridge were worth $137,399,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. Bank of Montreal Can increased its position in shares of Enbridge by 72.4% in the first quarter. Bank of Montreal Can now owns 38,965,561 shares of the pipeline company’s stock valued at $1,630,318,000 after buying an additional 16,369,985 shares during the last quarter. TD Asset Management Inc. increased its position in shares of Enbridge by 28.2% in the first quarter. TD Asset Management Inc. now owns 41,491,668 shares of the pipeline company’s stock valued at $1,733,219,000 after buying an additional 9,123,400 shares during the last quarter. Norges Bank purchased a new position in shares of Enbridge during the fourth quarter valued at approximately $340,124,000. I.G. Investment Management LTD. increased its position in shares of Enbridge by 54.4% in the fourth quarter. I.G. Investment Management LTD. now owns 16,043,904 shares of the pipeline company’s stock valued at $674,666,000 after buying an additional 5,653,105 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Enbridge by 67.8% in the first quarter. Great West Life Assurance Co. Can now owns 10,946,002 shares of the pipeline company’s stock valued at $458,154,000 after buying an additional 4,421,402 shares during the last quarter. Institutional investors own 62.93% of the company’s stock.

Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

Shares of Enbridge Inc (ENB) opened at 38.65 on Tuesday. Enbridge Inc has a 52-week low of $37.37 and a 52-week high of $45.77. The stock has a market capitalization of $63.34 billion, a PE ratio of 42.80 and a beta of 0.61. The firm has a 50-day moving average of $39.55 and a 200 day moving average of $41.52.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 15th were paid a $0.4435 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $1.77 dividend on an annualized basis and a yield of 4.59%. This is an increase from Enbridge’s previous quarterly dividend of $0.33. Enbridge’s payout ratio is currently 208.14%.

ILLEGAL ACTIVITY WARNING: “Enbridge Inc (ENB) Shares Sold by Mawer Investment Management Ltd.” was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/2654986/enbridge-inc-enb-shares-sold-by-mawer-investment-management-ltd.html.

ENB has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Enbridge from a “hold” rating to a “strong sell” rating in a report on Monday, April 24th. Morgan Stanley initiated coverage on shares of Enbridge in a report on Tuesday, May 2nd. They set an “equal weight” rating and a $45.00 price target on the stock. Wolfe Research initiated coverage on shares of Enbridge in a report on Friday, May 12th. They set a “market perform” rating and a $43.00 price target on the stock. Credit Suisse Group initiated coverage on shares of Enbridge in a report on Tuesday, March 14th. They set an “outperform” rating and a $70.00 price target on the stock. Finally, Wells Fargo & Company reiterated a “market perform” rating on shares of Enbridge in a report on Friday, March 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $55.22.

Enbridge Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ENB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding ENB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enbridge Inc (NYSE:ENB) (TSE:ENB).

Receive News & Ratings for Enbridge Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.