Addenda Capital Increased Enbridge (ENB) Position; Phi (PHII) Sentiment Is 1

June 9, 2017 - By Marie Mckinney

Addenda Capital Inc increased Enbridge Inc (ENB) stake by 70.21% reported in 2016Q4 SEC filing. Addenda Capital Inc acquired 530,105 shares as Enbridge Inc (ENB)’s stock declined 5.78%. The Addenda Capital Inc holds 1.29 million shares with $54.14 million value, up from 755,010 last quarter. Enbridge Inc now has $62.02 billion valuation. The stock decreased 2.07% or $0.81 during the last trading session, reaching $38.3. About shares traded. Enbridge Inc (USA) (NYSE:ENB) has declined 0.40% since June 9, 2016 and is downtrending. It has underperformed by 17.10% the S&P500.

PHI, Inc. is engaged in transportation of personnel to, from, and among offshore platforms for clients engaged in the gas and oil exploration, development and production industry. The company has market cap of $155.33 million. The Firm offers these services in various domestic and international markets. It currently has negative earnings. Most of its offshore flight activities are concentrated in the Gulf of Mexico.

Addenda Capital Inc decreased Franco Nevada Corp (NYSE:FNV) stake by 9,660 shares to 174,460 valued at $10.44M in 2016Q4. It also reduced Manulife Finl Corp (NYSE:MFC) stake by 196,450 shares and now owns 3.01 million shares. Bank N S Halifax (NYSE:BNS) was reduced too.

Among 14 analysts covering Enbridge Inc. (NYSE:ENB), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Enbridge Inc. had 18 analyst reports since August 4, 2015 according to SRatingsIntel. As per Monday, May 15, the company rating was maintained by Wolfe Research. The firm has “Sector Perform” rating by National Bank Canada given on Monday, July 18. As per Tuesday, December 15, the company rating was initiated by JP Morgan. On Wednesday, July 20 the stock rating was downgraded by Goldman Sachs to “Neutral”. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, October 9 report. The firm has “Neutral” rating by Credit Suisse given on Tuesday, March 8. BMO Capital Markets initiated the shares of ENB in report on Friday, October 23 with “Outperform” rating. On Tuesday, March 14 the stock rating was maintained by Credit Suisse with “Outperform”. The firm earned “Outperform” rating on Wednesday, March 2 by BMO Capital Markets. The firm has “Buy” rating by Canaccord Genuity given on Monday, March 7.

The stock increased 0.45% or $0.05 on June 8, reaching $10. About shares traded. PHI Inc. (PHII) has declined 47.30% since June 9, 2016 and is downtrending. It has underperformed by 64.00% the S&P500.

Since January 1, 0001, it had 1 buying transaction, and 1 insider sale for $78,690 activity.

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