Enbridge INC (ENB) Holder Hennessy Advisors INC Lowered Holding by $4.20 Million as Share Value Rose

November 10, 2018 - By Ellis Scott

Enbridge Inc. (NYSE:ENB) Logo

Hennessy Advisors Inc decreased its stake in Enbridge Inc (ENB) by 7.06% based on its latest 2018Q2 regulatory filing with the SEC. Hennessy Advisors Inc sold 120,000 shares as the company’s stock rose 5.40% with the market. The institutional investor held 1.58 million shares of the natural gas distribution company at the end of 2018Q2, valued at $56.35M, down from 1.70 million at the end of the previous reported quarter. Hennessy Advisors Inc who had been investing in Enbridge Inc for a number of months, seems to be less bullish one the $56.49 billion market cap company. The stock decreased 0.21% or $0.07 during the last trading session, reaching $32.83. About 6.47M shares traded or 81.65% up from the average. Enbridge Inc. (NYSE:ENB) has declined 16.60% since November 10, 2017 and is downtrending. It has underperformed by 32.22% the S&P500.

More notable recent Enbridge Inc. (NYSE:ENB) news were published by: Seekingalpha.com which released: “Enbridge (ENB) Q3 2018 Results – Earnings Call Transcript” on November 02, 2018, also Seekingalpha.com with their article: “Enbridge declares CAD 0.67 dividend” published on November 02, 2018, Fool.com published: “Could Enbridge Inc. Be a Millionaire-Maker Stock?” on October 25, 2018. More interesting news about Enbridge Inc. (NYSE:ENB) were released by: Seekingalpha.com and their article: “The Perfect Growth-At-A-Ridiculous-Price Aristocrat” published on November 06, 2018 as well as Seekingalpha.com‘s news article titled: “Enbridge: Takeaways From Q3 Results” with publication date: November 07, 2018.

Enbridge Inc. (NYSE:ENB) Ratings Coverage

Among 6 analysts covering Enbridge Inc (NYSE:ENB), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Enbridge Inc had 6 analyst reports since May 22, 2018 according to SRatingsIntel. Morgan Stanley maintained Enbridge Inc. (NYSE:ENB) rating on Friday, July 13. Morgan Stanley has “Equal-Weight” rating and $37 target. The rating was maintained by Citigroup with “Neutral” on Monday, September 24. The stock of Enbridge Inc. (NYSE:ENB) earned “Buy” rating by IBC on Tuesday, May 22. The rating was upgraded by Wells Fargo to “Outperform” on Tuesday, November 6. On Thursday, June 14 the stock rating was maintained by BMO Capital Markets with “Outperform”. The rating was upgraded by Bank of America on Friday, August 17 to “Buy”.

Enbridge Inc. (NYSE:ENB) Ratings Chart

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