Trust Company Of Toledo Na Has Lifted Its Enbridge (ENB) Holding; Nuveen Preferred Income Opportunities Fund Has 2.1 Sentiment

November 15, 2017 - By Marie Mckinney

Nuveen Preferred & Income Opportunities Fund, formerly Nuveen Preferred Income Opportunities Fund, is a diversified, closed-end management investment company. The company has market cap of $999.98 million. The Fund’s primary investment objective is high current income; and its secondary objective is total return. It currently has negative earnings. The Fund invests at least 80% of its managed assets in preferred securities and up to 20% opportunistically over the market cycle in other types of securities, primarily income-oriented securities, such as corporate and taxable municipal debt, and common equity.

Trust Company Of Toledo Na increased Enbridge Inc (ENB) stake by 43.78% reported in 2017Q2 SEC filing. Trust Company Of Toledo Na acquired 9,203 shares as Enbridge Inc (ENB)’s stock declined 5.78%. The Trust Company Of Toledo Na holds 30,222 shares with $1.20M value, up from 21,019 last quarter. Enbridge Inc now has $57.85 billion valuation. The stock decreased 3.48% or $1.26 during the last trading session, reaching $34.97. About 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.

Archford Capital Strategies Llc holds 3.18% of its portfolio in Nuveen Preferred & Income Oprtnts Fnd for 76,720 shares. Jacobus Wealth Management Inc. owns 641,852 shares or 1.8% of their US portfolio. Moreover, Orinda Asset Management Llc has 1.13% invested in the company for 140,000 shares. The Texas-based E&G Advisors Lp has invested 1.01% in the stock. Dixon Hubard Feinour & Brown Inc Va, a Virginia-based fund reported 274,750 shares.

The stock decreased 1.39% or $0.15 on November 14, reaching $10.32. About shares traded. Nuveen Preferred & Income Oprtnts Fnd (JPC) has risen 5.85% since November 15, 2016 and is uptrending. It has underperformed by 10.85% 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 70.15% above currents $34.97 stock price. Enbridge Inc. had 21 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Tuesday, December 15 by JP Morgan. The rating was initiated by Bank of America with “Neutral” on Thursday, September 1. RBC Capital Markets maintained Enbridge Inc (USA) (NYSE:ENB) rating on Friday, October 9. RBC Capital Markets has “Outperform” rating and $71 target. The stock of Enbridge Inc (USA) (NYSE:ENB) earned “Sector Perform” rating by National Bank Canada on Monday, July 18. The rating was downgraded by Goldman Sachs on Wednesday, July 20 to “Neutral”. The firm has “Neutral” rating by Credit Suisse given on Tuesday, March 8. On Monday, March 7 the stock rating was initiated by Canaccord Genuity with “Buy”. As per Friday, July 14, the company rating was maintained by Morgan Stanley. Wolfe Research maintained Enbridge Inc (USA) (NYSE:ENB) rating on Monday, May 15. Wolfe Research has “Market Perform” rating and $43 target. The stock of Enbridge Inc (USA) (NYSE:ENB) has “Neutral” rating given on Thursday, February 4 by Credit Suisse.

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