As Enbridge INC (ENB) Shares Declined, Laffer Investments Increased by $3.25 Million Its Stake

May 17, 2018 - By Alberta Moore

Enbridge Inc. (NYSE:ENB) Corporate Logo

In 2017Q4 SEC filling is reported Laffer Investments’s stake in Enbridge Inc (ENB) which was rose by 0.16%. By buying 83 shares Laffer Investments made the stock sank with 21.20%. At the end of 2017Q4, the 52,878 shares of the natural gas distribution company held by the institutional investor were valued at $2.07 billion, up from 52,795 at the end of the previous reported quarter. $55.42 billion is the MC of Enbridge Inc. ENB reached $32.7 during the last trading session after $0.37 change.Currently Enbridge Inc. is downtrending after 26.13% change in last May 17, 2017. ENB has also 3.31M shares volume. ENB underperformed the S&P500 by 37.68%.

A portfolio of $614.32M and $399.05 billion is managed by Laffer Investments. As it’s issued in SEC filling the stake in Altria Group Inc (NYSE:MO) is decreased by 917 shares to 10,811 shares. They are valued at $772.01 million in 2017Q4. For a total of 4,393 shares it reduced its holding in Eqt Midstream Partners Lp (NYSE:EQM) by 836 shares in the quarter, and has cut its stake in Stericycle Inc.

A couple more Enbridge Inc. (NYSE:ENB) news were posted by: Seekingalpha.com which released on May 11, 2018 “Enbridge’s Q1: Excellent Improvement On Multiple Fronts”, also Streetinsider.com on May 17, 2018 posted “Enbridge to consolidate assets in $8.94 billion restructuring”, the next Seekingalpha.com is “Enbridge considering additional asset sales, CEO Monaco says” on May 10, 2018. Seekingalpha.com has article titled “Enbridge Q1 2018 Earnings Results Analysis”.

Enbridge Inc. (NYSE:ENB) Ratings Coverage

Total analysts of 2 have positions in Enbridge (NYSE:ENB) as follows: 0 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 0. The firm has $38 highest while $34 is the lowest price target. The average target $34 is 3.98% above the last ($32.7) price. Since February 9, 2018 according to StockzIntelligence Inc Enbridge has 3 analyst reports. On Friday, March 23 Morgan Stanley maintained Enbridge Inc. (NYSE:ENB) with “Equal-Weight” rating. On Friday, February 9 the firm has “Equal-Weight” rating by Morgan Stanley given.

Enbridge Inc. (NYSE:ENB) Analyst Ratings Chart

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