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: which released on May 11, 2018 “Enbridge’s Q1: Excellent Improvement On Multiple Fronts”, also on May 17, 2018 posted “Enbridge to consolidate assets in $8.94 billion restructuring”, the next is “Enbridge considering additional asset sales, CEO Monaco says” on May 10, 2018. 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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