As Enbridge INC (ENB) Share Value Rose, Holder Hennessy Advisors INC Trimmed Holding

November 10, 2018 - By Kristen Paramore

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 1.58M shares of the natural gas distribution company at the end of 2018Q2, valued at $56.35 million, down from 1.70M 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 6.47 million 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: Takeaways From Q3 Results” on November 07, 2018, also Seekingalpha.com with their article: “Enbridge (ENB) Q3 2018 Results – Earnings Call Transcript” published on November 02, 2018, Seekingalpha.com published: “The Perfect Growth-At-A-Ridiculous-Price Aristocrat” on November 06, 2018. More interesting news about Enbridge Inc. (NYSE:ENB) were released by: Seekingalpha.com and their article: “Enbridge declares CAD 0.67 dividend” published on November 02, 2018 as well as Fool.com‘s news article titled: “Could Enbridge Inc. Be a Millionaire-Maker Stock?” with publication date: October 25, 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. On Friday, July 13 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. Citigroup maintained Enbridge Inc. (NYSE:ENB) on Monday, September 24 with “Neutral” rating. Bank of America upgraded the stock to “Buy” rating in Friday, August 17 report. The stock of Enbridge Inc. (NYSE:ENB) earned “Outperform” rating by BMO Capital Markets on Thursday, June 14. The stock of Enbridge Inc. (NYSE:ENB) earned “Outperform” rating by Wells Fargo on Tuesday, November 6. The rating was maintained by IBC on Tuesday, May 22 with “Buy”.

Enbridge Inc. (NYSE:ENB) Ratings Chart

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