Enbridge INC (ENB) Shareholder Caisse De Depot Et Placement Du Quebec Increased Its Stake by $146.98 Million as Shares Declined

May 3, 2018 - By Matthew Medley

Enbridge Inc. (NYSE:ENB) Corporate Logo

Caisse De Depot Et Placement Du Quebec increased its holdings by 8.11% in Enbridge Inc (ENB), according to 2017Q4 Securities and Exchange form. By buying 3.77 million shares Caisse De Depot Et Placement Du Quebec made the stock sank with 21.20%. At the end of 2017Q4, the 50.26M shares of the natural gas distribution company held by the institutional investor were priced at $1.97B, up from 46.49 million at the end of the previous reported quarter. $52.00B is the MC of Enbridge Inc. The stock increased 0.16% or $0.05 during the last trading session, hitting $30.67.Enbridge Inc. has volume of 2.23 million shares. Since May 3, 2017 ENB has declined 26.13% and is downtrending. ENB underperformed the S&P500 by 37.68%.

The Caisse De Depot Et Placement Du Quebec’s stake in Hp Inc was reduced by 1.06 million shares to 1.90 million shares valued at $39.85M in 2017Q4, according to the filing. It operates about $43.30 billion US Long portfolio. For a total of 315,043 shares it reduced its holding in Sysco Corp (NYSE:SYY) by 178,000 shares in the quarter, and has cut its stake in Conocophillips (NYSE:COP).

Enbridge Inc. (NYSE:ENB) Ratings Coverage

Total analysts of 2 have positions in Enbridge Inc Common Stock (NYSE:ENB) as follows: 0 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 0. The firm has $41 highest while $34 is the lowest PT. The average target $34 is 10.86% above the last ($30.67) price. Since November 17, 2017 according to StockzIntelligence Inc Enbridge Inc Common Stock has 4 analyst reports. On Friday, February 9 the firm earned “Equal-Weight” rating by Morgan Stanley. On Friday, November 17 the company was maintained by Morgan Stanley. On Friday, March 23 Morgan Stanley maintained the shares of ENB in report with “Equal-Weight” rating.

Enbridge Inc. (NYSE:ENB) Analyst Ratings Chart

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