Enbridge INC (ENB) Holder Caisse De Depot Et Placement Du Quebec Trimmed Position as Stock Value Declined

July 18, 2017 - By wolcottdaily

Caisse De Depot Et Placement Du Quebec decreased its stake in Enbridge Inc (ENB) by 0.26% based on its latest 2016Q4 regulatory filing with the SEC. Caisse De Depot Et Placement Du Quebec sold 101,936 shares as the company’s stock declined 5.78% while stock markets rallied. The institutional investor held 39.21 million shares of the natural gas distribution company at the end of 2016Q4, valued at $1.65 billion, down from 39.31M at the end of the previous reported quarter. Caisse De Depot Et Placement Du Quebec who had been investing in Enbridge Inc for a number of months, seems to be less bullish one the $66.28B market cap company. The stock decreased 0.42% or $0.17 on July 17, reaching $40.66. About shares traded. Enbridge Inc (USA) (NYSE:ENB) has declined 0.40% since July 18, 2016 and is downtrending. It has underperformed by 17.10% the S&P500.

Caisse De Depot Et Placement Du Quebec, which manages about $39.56 billion US Long portfolio, upped its stake in Biogen Inc (NASDAQ:BIIB) by 38,800 shares to 40,752 shares, valued at $11.54M in 2016Q4, according to the filing. It also increased its holding in Charter Communications Inc by 19,500 shares in the quarter, for a total of 37,581 shares, and has risen its stake in Cvs Health Corp (NYSE:CVS).

More notable recent Enbridge Inc (USA) (NYSE:ENB) news were published by: Fool.ca which released: “Is Enbridge Inc. on Pause?” on June 14, 2017, also Fool.ca with their article: “Retirees: Should You Buy BCE Inc. or Enbridge Inc. Today?” published on June 30, 2017, Benzinga.com published: “Jim Cramer Gives His Opinion On Walgreens, Enbridge And Shopify” on July 13, 2017. More interesting news about Enbridge Inc (USA) (NYSE:ENB) were released by: Fool.ca and their article: “Fill Your Pipeline With Enbridge Inc.” published on July 03, 2017 as well as Fool.ca‘s news article titled: “Energize Your Portfolio With Enbridge Inc.” with publication date: July 13, 2017.

Enbridge Inc (USA) (NYSE:ENB) Ratings Coverage

Among 15 analysts covering Enbridge Inc. (NYSE:ENB), 6 have Buy rating, 0 Sell and 9 Hold. Therefore 40% are positive. Enbridge Inc. has $74 highest and $43 lowest target. $59.50’s average target is 46.34% above currents $40.66 stock price. Enbridge Inc. had 21 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Enbridge Inc (USA) (NYSE:ENB) has “Market Perform” rating given on Monday, April 3 by Wells Fargo. Bank of America initiated the shares of ENB in report on Thursday, September 1 with “Neutral” rating. Wolfe Research maintained the stock with “Market Perform” rating in Monday, May 15 report. The stock of Enbridge Inc (USA) (NYSE:ENB) has “Outperform” rating given on Friday, October 9 by RBC Capital Markets. Credit Suisse maintained Enbridge Inc (USA) (NYSE:ENB) on Tuesday, March 8 with “Neutral” rating. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, March 14. The firm has “Outperform” rating given on Friday, October 23 by BMO Capital Markets. The rating was initiated by JP Morgan on Tuesday, December 15 with “Overweight”. The stock has “Neutral” rating by Credit Suisse on Thursday, February 4. The stock has “Hold” rating by J.P. Morgan on Friday, June 23.

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