Shaker Financial Services Stake in Central Secs (CET) Cut by $1.50 Million; Cumberland Partners LTD Holding in Enbridge (ENB) Has Cut by $412,425

May 8, 2018 - By Moses P. Lee

Enbridge Inc. (NYSE:ENB) Logo

Andrew Wallach decreased its stake in Enbridge Inc (ENB) by 1.92% based on its latest 2017Q4 regulatory filing with the SEC. Cumberland Partners Ltd sold 10,575 shares as the company’s stock declined 21.20% with the market. The hedge fund run by Andrew Wallach held 540,251 shares of the natural gas distribution company at the end of 2017Q4, valued at $21.22 million, down from 550,826 at the end of the previous reported quarter. Cumberland Partners Ltd who had been investing in Enbridge Inc for a number of months, seems to be less bullish one the $53.15B market cap company. The stock decreased 1.30% or $0.41 during the last trading session, reaching $31.15. About 2.53M shares traded. Enbridge Inc. (NYSE:ENB) has declined 26.13% since May 8, 2017 and is downtrending. It has underperformed by 37.68% the S&P500.

Shaker Financial Services Llc decreased its stake in Central Secs Corp (CET) by 14.8% based on its latest 2017Q4 regulatory filing with the SEC. Shaker Financial Services Llc sold 55,459 shares as the company’s stock declined 3.20% with the market. The institutional investor held 319,279 shares of the company at the end of 2017Q4, valued at $8.75 million, down from 374,738 at the end of the previous reported quarter. Shaker Financial Services Llc who had been investing in Central Secs Corp for a number of months, seems to be less bullish one the $684.52M market cap company. The stock increased 0.18% or $0.0485 during the last trading session, reaching $27.2213. About 7,667 shares traded. Central Securities Corp. (NYSEMKT:CET) has risen 16.15% since May 8, 2017 and is uptrending. It has outperformed by 4.60% the S&P500.

Analysts await Enbridge Inc. (NYSE:ENB) to report earnings on May, 10. They expect $0.48 earnings per share, up 11.63% or $0.05 from last year’s $0.43 per share. ENB’s profit will be $818.94M for 16.22 P/E if the $0.48 EPS becomes a reality. After $0.48 actual earnings per share reported by Enbridge Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More important recent Enbridge Inc. (NYSE:ENB) news were published by: Seekingalpha.com which released: “Enbridge: A High-Yielding Midstream Play” on April 12, 2018, also Fool.com published article titled: “Why Enbridge Energy Partners, LP Is Slumping Today”, Seekingalpha.com published: “Enbridge fined $1.8M over pipeline inspection deadlines” on May 04, 2018. More interesting news about Enbridge Inc. (NYSE:ENB) was released by: Prnewswire.com and their article: “Pre-Market Technical Pulse on Oil & Gas Pipelines Stocks — Genesis Energy, Enbridge, Kinder Morgan, and MPLX” with publication date: May 08, 2018.

Cumberland Partners Ltd, which manages about $759.83 million US Long portfolio, upped its stake in Hanesbrands Inc (NYSE:HBI) by 689,305 shares to 1.54M shares, valued at $32.18M in 2017Q4, according to the filing. It also increased its holding in J.P. Morgan Chase&Company (NYSE:JPM) by 5,102 shares in the quarter, for a total of 424,652 shares, and has risen its stake in Starbucks Corp (NASDAQ:SBUX).

Among 16 analysts covering Enbridge Inc. (NYSE:ENB), 6 have Buy rating, 0 Sell and 10 Hold. Therefore 38% are positive. Enbridge Inc. had 25 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Friday, November 17 by Morgan Stanley. The rating was maintained by Morgan Stanley on Friday, July 14 with “Equal-Weight”. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, March 23. The stock has “Neutral” rating by Bank of America on Thursday, September 1. The firm has “Outperform” rating by BMO Capital Markets given on Wednesday, March 2. The stock of Enbridge Inc. (NYSE:ENB) has “Neutral” rating given on Friday, June 23 by JP Morgan. The company was maintained on Friday, February 9 by Morgan Stanley. As per Wednesday, January 18, the company rating was reinitiated by Citigroup. The company was downgraded on Wednesday, July 20 by Goldman Sachs. The firm has “Hold” rating given on Friday, June 23 by J.P. Morgan.

Investors sentiment increased to 1.83 in 2017 Q4. Its up 1.16, from 0.67 in 2017Q3. It improved, as 4 investors sold CET shares while 8 reduced holdings. 10 funds opened positions while 12 raised stakes. 2.71 million shares or 11.03% more from 2.44 million shares in 2017Q3 were reported. Citigroup stated it has 40,507 shares. Landscape Cap Limited Co invested 0.02% of its portfolio in Central Securities Corp. (NYSEAMERICAN:CET). Diversified Tru stated it has 12,743 shares. The Virginia-based 1607 Capital Ptnrs Ltd has invested 0.35% in Central Securities Corp. (NYSEAMERICAN:CET). Thomas J Herzfeld holds 491,434 shares. 23,571 were reported by Blue Bell Private Wealth Management Limited Liability Com. Stratos Wealth Limited owns 0.01% invested in Central Securities Corp. (NYSEAMERICAN:CET) for 9,270 shares. Retail Bank Of Montreal Can has 0% invested in Central Securities Corp. (NYSEAMERICAN:CET) for 13,684 shares. Royal State Bank Of Canada stated it has 50,603 shares or 0% of all its holdings. Geode Ltd Liability Corp reported 0% of its portfolio in Central Securities Corp. (NYSEAMERICAN:CET). National Bank Of America Corporation De reported 9,070 shares or 0% of all its holdings. New Jersey-based Fin Architects has invested 0.04% in Central Securities Corp. (NYSEAMERICAN:CET). Meridian Inv Counsel has invested 0.21% in Central Securities Corp. (NYSEAMERICAN:CET). Morgan Stanley holds 160,312 shares or 0% of its portfolio. Raymond James And Assocs accumulated 232,155 shares.

Since April 2, 2018, it had 1 insider purchase, and 0 insider sales for $29,817 activity.

Shaker Financial Services Llc, which manages about $132.85 million and $211.53M US Long portfolio, upped its stake in Eaton Vance Tx Adv Glbl Div (ETG) by 66,312 shares to 175,973 shares, valued at $3.05M in 2017Q4, according to the filing. It also increased its holding in Source Cap Inc (NYSE:SOR) by 26,714 shares in the quarter, for a total of 175,866 shares, and has risen its stake in Royce Micro (NYSE:RMT).

Enbridge Inc. (NYSE:ENB) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Moses P. Lee

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: