Enbridge Income Fund Holdings | StockChase
138
Enbridge Income Fund Holdings (ENF-T)

Last Price Recorded: $29.3300 on 2018-01-15

ON STOCKCHASE SINCE Jun 2003

oil/gas
138
Enbridge Income Fund Holdings (ENF-T)

Last Price Recorded: $29.3300 on 2018-01-15

ON STOCKCHASE SINCE Jun 2003

oil/gas

Enbridge Income Fund Holdings


Signal Opinion Expert
HOLD

A good investment for yield and income. The stock has been held back and thinks the market is waiting for their line 3 replacement to get final approval, which is due later on this year. Prefers the parent Enbridge (ENB-T) for their global diversity and their Spectra assets. However, both are good income vehicles.

oil/gas

A good investment for yield and income. The stock has been held back and thinks the market is waiting for their line 3 replacement to get final approval, which is due later on this year. Prefers the parent Enbridge (ENB-T) for their global diversity and their Spectra assets. However, both are good income vehicles.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$29.520
Owned Owned
No

HOLD

Enbridge (ENB-T) or Enbridge Income Fund (ENF-T) for a 45-year-old? He holds this. It isn't really much of a growth stock. It looked okay for a while, then started rolling over in early 2017. For people just looking for the dividend, it has pretty good support at around $27, so your downside is not huge. If he had to choose between the 2, he would probably select Enbridge (ENB-T) for the growth side and Enbridge Income (ENF-T) for the dividend. Dividend yield of about 7.5%.

oil/gas

Enbridge (ENB-T) or Enbridge Income Fund (ENF-T) for a 45-year-old? He holds this. It isn't really much of a growth stock. It looked okay for a while, then started rolling over in early 2017. For people just looking for the dividend, it has pretty good support at around $27, so your downside is not huge. If he had to choose between the 2, he would probably select Enbridge (ENB-T) for the growth side and Enbridge Income (ENF-T) for the dividend. Dividend yield of about 7.5%.

oil/gas
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$29.860
Owned Owned
Yes

DON'T BUY

The parent company Enbridge (ENB-T) has a lot of debt. They are in pipelines which is a tough business because of environmental concerns. This stock, the Enbridge Income Fund is a subordinate to the parent. The chart shows the stock, over the last 3 years, hasn't done much at all. It is a yield generating stock, but doesn't look like it has any momentum. If anything, there is some slight downside risk. He would avoid this.

oil/gas

The parent company Enbridge (ENB-T) has a lot of debt. They are in pipelines which is a tough business because of environmental concerns. This stock, the Enbridge Income Fund is a subordinate to the parent. The chart shows the stock, over the last 3 years, hasn't done much at all. It is a yield generating stock, but doesn't look like it has any momentum. If anything, there is some slight downside risk. He would avoid this.

oil/gas
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$29.810
Owned Owned
Unknown

HOLD

They recently raised equity.  It gives you a 6.9% dividend rate with modest growth.  He’d like to see the government change the rules regarding these equities.

oil/gas

They recently raised equity.  It gives you a 6.9% dividend rate with modest growth.  He’d like to see the government change the rules regarding these equities.

oil/gas
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$29.660
Owned Owned
Unknown

COMMENT

Doesn't own this, but does own Enbridge (ENB-T). The company was very smart reorganizing into 2 structures. Lately they’ve done a lot to shore up the capital structure of both. If buying for yield, this has a slight advantage, but Enbridge (ENB-T) has reiterated that they intend to grow their dividend by about 10% over the next few years. They keep adding assets that are adding more cash flow. All the pipeline companies look somewhat expensive, and all go through the cycle of issuing equity to invest in capital expenditures, which adds to debt. Once those report cash flows, you are into the same cycle again. Prefers Enbridge (ENB-T) and taking the slight discount, but really doesn't have a problem with this one.

oil/gas

Doesn't own this, but does own Enbridge (ENB-T). The company was very smart reorganizing into 2 structures. Lately they’ve done a lot to shore up the capital structure of both. If buying for yield, this has a slight advantage, but Enbridge (ENB-T) has reiterated that they intend to grow their dividend by about 10% over the next few years. They keep adding assets that are adding more cash flow. All the pipeline companies look somewhat expensive, and all go through the cycle of issuing equity to invest in capital expenditures, which adds to debt. Once those report cash flows, you are into the same cycle again. Prefers Enbridge (ENB-T) and taking the slight discount, but really doesn't have a problem with this one.

oil/gas
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$29.810
Owned Owned
No

COMMENT

She likes the group, but doesn't own this. They recently did an equity issue to alleviate funding concerns over the next few years, as they have a big capital spending program. Provides a very attractive yield of 7%, which she feels is safe. Prefers the parent Enbridge (ENB-T). (See Top Picks.)

oil/gas

She likes the group, but doesn't own this. They recently did an equity issue to alleviate funding concerns over the next few years, as they have a big capital spending program. Provides a very attractive yield of 7%, which she feels is safe. Prefers the parent Enbridge (ENB-T). (See Top Picks.)

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$29.420
Owned Owned
No

TOP PICK

Enbridge (ENB-T) rolls a portion of their Canadian assets into this and pay out the depreciation giving a nice yield. He accumulates this when it is in the $27-$28 range. Believes they will grow the dividend 10%. Dividend yield of 7.03%. (Analysts’ Price Target is $34.)

oil/gas

Enbridge (ENB-T) rolls a portion of their Canadian assets into this and pay out the depreciation giving a nice yield. He accumulates this when it is in the $27-$28 range. Believes they will grow the dividend 10%. Dividend yield of 7.03%. (Analysts’ Price Target is $34.)

oil/gas
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$29.240
Owned Owned
Yes

COMMENT

He owns the parent Enbridge (ENB-T) instead. This one is an income fund, giving a higher yield, but less growth. Enbridge (ENB-T) basically drops down mature assets into this fund and LOPs. It’s a financing tool. Dividend yield is north of 7%, and is sustainable.

oil/gas

He owns the parent Enbridge (ENB-T) instead. This one is an income fund, giving a higher yield, but less growth. Enbridge (ENB-T) basically drops down mature assets into this fund and LOPs. It’s a financing tool. Dividend yield is north of 7%, and is sustainable.

oil/gas
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$29.000
Owned Owned
No

COMMENT

Has been in a clear downtrend for quite a while, and is probably not acting as good as the rest of the space. In the last month and a half, there has been a tentative basing pattern. This means there are buyers coming in at these levels. If there is a break around $28-$29, that would indicate there is more downside to come. If it holds in here, you are collecting your dividend and it is probably a pretty good risk/reward. Dividend yield of almost 7%.

oil/gas

Has been in a clear downtrend for quite a while, and is probably not acting as good as the rest of the space. In the last month and a half, there has been a tentative basing pattern. This means there are buyers coming in at these levels. If there is a break around $28-$29, that would indicate there is more downside to come. If it holds in here, you are collecting your dividend and it is probably a pretty good risk/reward. Dividend yield of almost 7%.

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$29.190
Owned Owned
Unknown

HOLD

For an income investor he continues to hold, but on the equity side the trend has been breaking down and he will be selling soon. Not a great stock for growth, but if you like the 4% dividend you should continue to hold.

oil/gas

For an income investor he continues to hold, but on the equity side the trend has been breaking down and he will be selling soon. Not a great stock for growth, but if you like the 4% dividend you should continue to hold.

oil/gas
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$29.840
Owned Owned
Yes

COMMENT

A yield generating stock, so a lot of investors have already bought this. Chart is showing lower lows and lower highs. Be disciplined and set a price where you will not allow it to go lower before getting out. Don’t be tempted by the yield.

oil/gas

A yield generating stock, so a lot of investors have already bought this. Chart is showing lower lows and lower highs. Be disciplined and set a price where you will not allow it to go lower before getting out. Don’t be tempted by the yield.

oil/gas
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$30.050
Owned Owned
Unknown

BUY

This got pounded in the last few days. Moody's downgraded them a couple of weeks ago on line 3 execution risks. Very cheap. Trading at 11X. The dividend is safe-ish. He is modelling a 6% compounded growth rate on EPS over the next couple of years. One of the risks is what happens in Minnesota with the Minnesota regulator, but construction has already begun in Canada and Wisconsin. These pipelines are necessary. Probably a buying opportunity at these levels.

oil/gas

This got pounded in the last few days. Moody's downgraded them a couple of weeks ago on line 3 execution risks. Very cheap. Trading at 11X. The dividend is safe-ish. He is modelling a 6% compounded growth rate on EPS over the next couple of years. One of the risks is what happens in Minnesota with the Minnesota regulator, but construction has already begun in Canada and Wisconsin. These pipelines are necessary. Probably a buying opportunity at these levels.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$29.050
Owned Owned
Unknown

BUY

It is one of the pipes.  This is one with a higher payout.  He does not have any problem but just does not own the pipes.  It is okay to own it if the dividend is covered.

oil/gas

It is one of the pipes.  This is one with a higher payout.  He does not have any problem but just does not own the pipes.  It is okay to own it if the dividend is covered.

oil/gas
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$30.170
Owned Owned
Unknown

SELL ON STRENGTH

Hold or Sell?He doesn’t follow this closely, but the chart shows that $25 is a very important support. It also shows a bit of a rounded top. Use any small rally to sell your position. 6.6% dividend yield.

oil/gas

Hold or Sell?He doesn’t follow this closely, but the chart shows that $25 is a very important support. It also shows a bit of a rounded top. Use any small rally to sell your position. 6.6% dividend yield.

oil/gas
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$30.200
Owned Owned
Unknown

BUY

It is part of a broader umbrella used as a vehicle for asset ‘drop down’ to enjoy a lower tax rate.  It has done fairly well over the long haul but sold off as of late.  He plays pipelines thought the parent, however.  But he has no qualms with this one.

oil/gas

It is part of a broader umbrella used as a vehicle for asset ‘drop down’ to enjoy a lower tax rate.  It has done fairly well over the long haul but sold off as of late.  He plays pipelines thought the parent, however.  But he has no qualms with this one.

oil/gas
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$31.110
Owned Owned
No

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