Enbridge (ENB) Sees Significant Increase in Short Interest

Nexus Investment Management Inc acquired 15,550 shares as Enbridge Inc (ENB)'s stock declined 21.20%. The institutional investor held 2.45M shares of the natural gas distribution company at the end of 2017Q4, valued at $120.59M, down from 3.08M at the end of the previous reported quarter.

Many analysts are providing their Estimated Earnings analysis for Enbridge Inc. and for the current quarter 9 analysts have projected that the stock could give an Average Earnings estimate of $0.44/share. About 2.24M shares traded. Since April 16, 2017 ENB has declined 26.13% and is downtrending. The stock underperformed the S&P 500 by 37.68%.

1832 Asset Management Lp decreased its stake in Enbridge Inc (ENB) by 6.09% based on its latest 2017Q4 regulatory filing with the SEC. First Trust Advisors LP now owns 6,750 shares of the pipeline company's stock valued at $282,000 after acquiring an additional 1,700 shares during the last quarter. Now the institutional investor is holding 45.76M shares, compared to the 44.90 million from the previous quarter.

The stock decreased 0.10% or $0.07 during the last trading session, reaching $71.94. The funds in our database now have: 17.18 million shares, up from 16.56 million shares in 2017Q3. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since April 15, 2017 and is uptrending. It has outperformed by 1.81% the S&P500. (NYSE:ABX) by 51,241 shares to 1.98 million shares, valued at $28.68 million in 2017Q4, according to the filing. High volatility can make entering or an exit a stock expensive, it can also exacerbate price increases and potential profits to the upside and downside. For a total of 58,037 shares it reduced its holding in Sherwin Williams Co (NYSE:SHW) by 14,811 shares in the quarter, and has cut its stake in Capital One Finl Corp (NYSE:COF).

If investors are looking for a solid dividend stock with upside potential, Enbridge Inc. Therefore 55% are positive. 0 are bullish. 4 are the (NYSE:ENB)'s analyst reports since November 17, 2017 according to StockzIntelligence Inc. Bank of America initiated Enbridge Inc. (NYSE:ENB) rating. Morgan Stanley has "Equal-Weight" rating and $38 target. As per Tuesday, October 18, the company rating was maintained by Barclays Capital. The firm earned "Neutral" rating on Wednesday, July 20 by Goldman Sachs. BMO Capital Markets dropped their price target on Enbridge from C$63.00 to C$61.00 in a research note on Friday, March 16th. For the month, Enbridge Inc. has posted a performance of -2.86%. (NYSE:ENB) on Tuesday, March 8 with "Neutral" rating. Enbridge has a 52 week low of $29.54 and a 52 week high of $42.92. Scotiabank reiterated an "outperform" rating and set a $61.00 price target on shares of Enbridge in a research note on Sunday, November 6th. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. 142 funds opened positions while 611 raised stakes. Hamel holds 2,605 shares. Jpmorgan Chase owns 0.05% invested in Alleghany Corporation (NYSE:Y) for 365,343 shares. Schulhoff Company holds 3.55% or 59,105 shares in its portfolio. Field & Main Bank bought a new position in Enbridge during the 4th quarter valued at approximately $149,000. Westpac Bk Corp has invested 2.54% in Apple Inc. Lederer & Associates Investment Counsel Ca holds 5.08% or 33,541 shares. Koshinski Asset Management holds 1.99% or 46,988 shares in its portfolio. West Oak Capital Ltd Com stated it has 1.54% in Apple Inc. Over the past twelve months, Enbridge Inc.

Analysts await 3M Company (NYSE:MMM) to report earnings on April, 24. They expect $0.48 earnings per share, up 11.63% or $0.05 from last year's $0.43 per share. A month ago, analyst EPS consensus estimated earnings of US$0.49 per share.

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