Davidson D A & Company Has Lowered Its Enbridge (ENB) Position; Macys (M) Shorts Raised By 9.94%

November 15, 2017 - By Linda Rogers

Davidson D A & Company decreased Enbridge Inc (ENB) stake by 15.57% reported in 2017Q2 SEC filing. Davidson D A & Company sold 27,401 shares as Enbridge Inc (ENB)’s stock declined 5.78%. The Davidson D A & Company holds 148,558 shares with $5.91M value, down from 175,959 last quarter. Enbridge Inc now has $57.85B valuation. The stock rose 1.52% or $0.53 reaching $35.5. About 1,433 shares traded. Enbridge Inc (USA) (NYSE:ENB) has declined 0.40% since November 15, 2016 and is downtrending. It has underperformed by 17.10% the S&P500.

Macys Incorporated (NYSE:M) had an increase of 9.94% in short interest. M’s SI was 57.01 million shares in November as released by FINRA. Its up 9.94% from 51.85M shares previously. With 12.92 million avg volume, 4 days are for Macys Incorporated (NYSE:M)’s short sellers to cover M’s short positions. The SI to Macys Incorporated’s float is 18.78%. About 13,782 shares traded. Macy’s Inc (NYSE:M) has declined 25.46% since November 15, 2016 and is downtrending. It has underperformed by 42.16% the S&P500.

Among 15 analysts covering Enbridge Inc. (NYSE:ENB), 6 have Buy rating, 0 Sell and 9 Hold. Therefore 40% are positive. Enbridge Inc. has $74 highest and $43 lowest target. $59.50’s average target is 67.61% above currents $35.5 stock price. Enbridge Inc. had 21 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating by National Bank Canada given on Monday, July 18. As per Monday, April 3, the company rating was maintained by Wells Fargo. Bank of America initiated the shares of ENB in report on Thursday, September 1 with “Neutral” rating. As per Monday, March 7, the company rating was initiated by Canaccord Genuity. The stock of Enbridge Inc (USA) (NYSE:ENB) has “Hold” rating given on Friday, June 23 by J.P. Morgan. The rating was maintained by Credit Suisse on Tuesday, March 8 with “Neutral”. On Monday, May 15 the stock rating was maintained by Wolfe Research with “Market Perform”. The firm has “Equal-Weight” rating given on Friday, July 14 by Morgan Stanley. The rating was maintained by Credit Suisse on Tuesday, March 14 with “Outperform”. BMO Capital Markets initiated Enbridge Inc (USA) (NYSE:ENB) on Friday, October 23 with “Outperform” rating.

Analysts await Enbridge Inc (USA) (NYSE:ENB) to report earnings on February, 16. They expect $0.45 EPS, up 7.14% or $0.03 from last year’s $0.42 per share. ENB’s profit will be $733.31 million for 19.72 P/E if the $0.45 EPS becomes a reality. After $0.39 actual EPS reported by Enbridge Inc (USA) for the previous quarter, Wall Street now forecasts 15.38% EPS growth.

Davidson D A & Company increased Church & Dwight Co Inc (NYSE:CHD) stake by 13,675 shares to 149,537 valued at $7.76 million in 2017Q2. It also upped Waste Connections Inc stake by 5,353 shares and now owns 19,966 shares. Bp Plc Ads (NYSE:BP) was raised too.

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