Davis-Rea LTD Lowered Enbridge (ENB) Position; Kemnay Advisory Services Lifted By $356,000 Its Dana (DAN) Position

May 25, 2018 - By Dolores Ford

Enbridge Inc. (NYSE:ENB) Logo

Davis-Rea Ltd decreased Enbridge (ENB) stake by 5.84% reported in 2017Q4 SEC filing. Davis-Rea Ltd sold 9,187 shares as Enbridge (ENB)’s stock declined 21.20%. The Davis-Rea Ltd holds 148,217 shares with $5.82M value, down from 157,404 last quarter. Enbridge now has $53.24 billion valuation. The stock decreased 0.79% or $0.25 during the last trading session, reaching $31.33. About 1.66 million shares traded. Enbridge Inc. (NYSE:ENB) has declined 26.13% since May 25, 2017 and is downtrending. It has underperformed by 37.68% the S&P500.

Kemnay Advisory Services Inc increased Dana Incorporated (DAN) stake by 38.15% reported in 2017Q4 SEC filing. Kemnay Advisory Services Inc acquired 11,125 shares as Dana Incorporated (DAN)’s stock declined 22.04%. The Kemnay Advisory Services Inc holds 40,289 shares with $1.29 million value, up from 29,164 last quarter. Dana Incorporated now has $3.40 billion valuation. The stock decreased 0.34% or $0.08 during the last trading session, reaching $23.34. About 250,613 shares traded. Dana Incorporated (NYSE:DAN) has risen 38.03% since May 25, 2017 and is uptrending. It has outperformed by 26.48% the S&P500.

More notable recent Enbridge Inc. (NYSE:ENB) news were published by: Seekingalpha.com which released: “Downside Protection For Enbridge” on May 23, 2018, also Seekingalpha.com with their article: “Enbridge’s Restructuring: Who Wins? Who Loses?” published on May 18, 2018, 247Wallst.com published: “What’s Behind Enbridge Offer for Spectra Energy Partners” on May 18, 2018. More interesting news about Enbridge Inc. (NYSE:ENB) were released by: Seekingalpha.com and their article: “Enbridge Q1 2018 Earnings Results Analysis” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Spectra Energy Partners -3% after Enbridge’s disappointing offer” with publication date: May 18, 2018.

Among 17 analysts covering Enbridge Inc. (NYSE:ENB), 7 have Buy rating, 0 Sell and 10 Hold. Therefore 41% are positive. Enbridge Inc. had 26 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Market Perform” rating on Monday, April 3 by Wells Fargo. As per Friday, June 23, the company rating was initiated by J.P. Morgan. Morgan Stanley maintained the shares of ENB in report on Friday, November 17 with “Equal-Weight” rating. The company was initiated on Friday, October 23 by BMO Capital Markets. The stock has “Neutral” rating by Citigroup on Wednesday, January 18. The firm earned “Neutral” rating on Tuesday, March 8 by Credit Suisse. On Thursday, February 4 the stock rating was downgraded by Credit Suisse to “Neutral”. As per Wednesday, March 2, the company rating was reinitiated by BMO Capital Markets. The rating was maintained by RBC Capital Markets on Friday, October 9 with “Outperform”. IBC maintained it with “Buy” rating and $5700 target in Tuesday, May 22 report.

Analysts await Enbridge Inc. (NYSE:ENB) to report earnings on August, 2. They expect $0.38 earnings per share, up 26.67% or $0.08 from last year’s $0.3 per share. ENB’s profit will be $645.77 million for 20.61 P/E if the $0.38 EPS becomes a reality. After $0.82 actual earnings per share reported by Enbridge Inc. for the previous quarter, Wall Street now forecasts -53.66% negative EPS growth.

Since January 23, 2018, it had 0 insider purchases, and 4 insider sales for $3.39 million activity. Aghili Aziz also sold $418,092 worth of Dana Incorporated (NYSE:DAN) on Thursday, February 1. $1.10M worth of stock was sold by Matthews Dwayne on Tuesday, January 23. Shares for $517,325 were sold by Collins Jonathan Mark. 40,339 Dana Incorporated (NYSE:DAN) shares with value of $1.35 million were sold by Wallace Mark E.

More news for Dana Incorporated (NYSE:DAN) were recently published by: Seekingalpha.com, which released: “Dana, Inc. 2018 Q1 – Results – Earnings Call Slides” on May 01, 2018. Seekingalpha.com‘s article titled: “Dana’s (DAN) CEO James Kamsickas on Q1 2018 Results – Earnings Call Transcript” and published on April 30, 2018 is yet another important article.

Dana Incorporated (NYSE:DAN) Institutional Positions Chart

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