Analysts Expect Enbridge Inc (ENB) to Post $0.56 EPS

The current consensus rating on Enbridge Energy Partners, L.P. (NYSE:EEP) is Hold (Score: 2.43) with a consensus target price of $22.50 per share, a potential 28.50% upside. Retail Bank Of America De has invested 0.01% in Enbridge Energy Partners, L.P. (NYSE:EEP). The company is expected to report its next quarterly earnings results before the market opens on Thursday, May 11th. After $-1.01 actual EPS reported by JAKKS Pacific, Inc. for the previous quarter, Wall Street now forecasts -73.27% EPS growth. Zacks' EPS averages are a mean average based on a survey of research firms that cover Enbridge. The stock of Enbridge Inc (USA) (NYSE:ENB) earned "Outperform" rating by BMO Capital Markets on Friday, October 23. The pipeline company reported $0.42 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.02. The business had revenue of $7 billion during the quarter, compared to the consensus estimate of $7.10 billion. Enbridge had a return on equity of 14.67% and a net margin of 5.99%. During the same quarter in the previous year, the company posted $0.58 earnings per share.

A number of research firms recently commented on ENB.

04/07/2017 - Enbridge Energy, L.P. had its "neutral" rating reiterated by analysts at Credit Suisse. They issued an "outperform" rating and a $70.00 price objective on the stock.

03/23/2017 - Morgan Stanley began new coverage on Enbridge Energy, L.P. giving the company a "overweight" rating. They issued an "equal weight" rating and a $45.00 price objective for the company. The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) has "Neutral" rating given on Friday, April 7 by Credit Suisse. Citigroup Inc restated a "neutral" rating on shares of Enbridge in a report on Wednesday, January 18th.

5/12/2017-Wolfe Research initiated coverage with a Market Perform rating. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. About shares traded. Enbridge Inc (USA) (NYSE:ENB) has declined 6.73% since October 6, 2016 and is downtrending. The company has a 50 day moving average of $41.65 and a 200 day moving average of $42.27. The firm has a market cap of $36.48 billion, a price-to-earnings ratio of 27.30 and a beta of 0.62.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st.

On 1/27/2017 Enbridge Energy Partners, L.P. announced a quarterly dividend of $0.58 10.93% with an ex dividend date of 2/3/2017 which will be payable on 2/14/2017.

Among 4 analysts covering Tarena International (NASDAQ:TEDU), 3 have Buy rating, 1 Sell and 0 Hold.

Enbridge Energy, L.P. had its "neutral" rating reiterated by analysts at Mizuho. Enbridge's payout ratio is presently 119.33%. Hedge funds and other institutional investors own 71.79% of the company's stock. The Pennsylvania-based Harvest Fund Advisors Llc has invested 2.82% in the stock. Capital World Investors now owns 95,707,623 shares of the pipeline company's stock valued at $4,216,369,000 after buying an additional 12,376,715 shares during the period. Capital World Investors boosted its position in Enbridge by 14.9% in the third quarter. Norges Bank acquired a new position in Enbridge during the fourth quarter valued at about $340,124,000. Novare Capital Management LLC now owns 132,650 shares of the pipeline company's stock worth $2,520,000 after buying an additional 22,675 shares during the last quarter. NN Investment Partners Holdings N.V. increased its stake in Enbridge by 13.3% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 8,800 shares of the pipeline company's stock worth $387,000 after buying an additional 4,300 shares during the period.

Brookfield Asset Management Inc increased Service Corp Intl (NYSE:SCI) stake by 75,000 shares to 400,000 valued at $11.36 million in 2016Q4. Sumitomo Mitsui Trust Holdings Inc. now owns 2,619,098 shares of the pipeline company's stock valued at $115,810,000 after buying an additional 25,860 shares during the period.

COPYRIGHT VIOLATION WARNING: This news story was originally published by [[site]] and is owned by of [[site]]. If you are viewing this story on another publication, it was copied illegally and republished in violation of U.S. & worldwide trademark and copyright legislation. The legal version of this news story can be viewed at https://sportsperspectives.com/2017/05/16/enbridge-inc-enb-is-viking-fund-management-llcs-5th-largest-position-updated-updated-updated.html. National Bank Canada downgraded Enbridge Inc (USA) (NYSE:ENB) on Monday, July 18 to "Sector Perform" rating. The Company is engaged in delivering energy.

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