Apologize for 3 months late for the update of top 20 institution ownership ENB. I have reviewed the snapshot and have a few observations based on Morning Star and my June 2021 snapshot.
Comparing with the June 2021 snapshot, the following are the institutes added and exited:
| New | BMO Capital Markets Corp., The Toronto-Dominion Bank, Deutsche Bank AG, 1832 Asset Management L.P, Blackstone Inc |
| Exited | Capital Group, Jarislowsky Fraser Ltd, Bank of Nova Scotia, Caisse De Depot Et Placement Du Quebec, NORGES BANK USD |
The obvious is the reduction of 19MM shares held. Most of it is due to the selling of 51MM shares by Capital Management. Compare to last June, 5 institutes sold their ENB which amount to 128MM shares (6% of outstanding). It is interested to see that ENB share price continues to climb when these institutes reduce their ENB holding.
CPPIB is moving to carbon neutral investment strategy. Its ownership in various oil producers has to be balance by
GREEN investment. Will ENB qualify? In the 2021 annual report, CPPIB bought
GREEN asset from Enbridge: “
Announced an agreement with Enbridge Inc. to acquire 49%of the entity that holds Enbridge Inc.’s stake in olien Maritime France SAS’s Renewables.” With the
GREEN transformations Enbridge initiated, will it attract CPPIB invest in ENB directly?
The following is ENB’s institute ownership from the Morning Star web site as of February 11, 2022.
| Name | % Total | % Total | Date | Current Shares | Change Amount | Change % |
| Shares Held | Assets |
| Royal Bank of Canada | 7.99 | 1.7 | 30-Sep-21 | 161,871,268 | 3,353,157 | 2.12% |
| Bank of Montreal | 3.75 | 1.39 | 30-Sep-21 | 75,959,834 | 8,542,967 | 12.67% |
| Capital Research & Mgmt Co - Division 3 | 3.23 | 0.6 | 30-Sep-21 | 65,395,654 | 837,175 | 1.30% |
| Vanguard Group Inc | 3.21 | 0.06 | 30-Sep-21 | 65,055,965 | 1,975,612 | 3.13% |
| BMO Asset Management Inc | 2.48 | 1.52 | 30-Sep-21 | 50,279,636 | 7,665,979 | 17.99% |
| RBC Global Asset Management Inc. | 2.02 | — | 31-Jan-22 | 40,914,814 | -175,175 | — |
| TD Asset Management Inc | 1.49 | 1.25 | 30-Sep-21 | 30,167,189 | 188,936 | 0.63% |
| Capital Research and Management Company | 1.41 | 1.69 | 31-Jan-22 | 28,600,685 | -51,591,628 | — |
| CIBC World Markets Inc. | 1.17 | 3.1 | 30-Sep-21 | 23,752,864 | 2,517,164 | 11.85% |
| BMO Capital Markets Corp. | 1.16 | 2.05 | 30-Sep-21 | 23,534,987 | 406,041 | 1.76% |
| The Toronto-Dominion Bank | 1.07 | 1.39 | 30-Sep-21 | 21,728,940 | 4,208,208 | 24.02% |
| CIBC Global Asset Management Inc | 1.03 | 3.34 | 30-Sep-21 | 20,956,127 | 1,876,500 | 9.84% |
| Deutsche Bank AG | 1.01 | 0.39 | 30-Sep-21 | 20,431,105 | 1,697,064 | 9.06% |
| Mackenzie Investments | 0.99 | 1.13 | 30-Sep-21 | 20,016,780 | -871,375 | 4.17% |
| Legal & General Group PLC | 0.96 | 0.25 | 30-Sep-21 | 19,349,627 | 304,083 | 1.60% |
| BlackRock Asset Management Canada Ltd | 0.95 | 42.18 | 31-Jan-22 | 19,167,129 | 38,786 | — |
| Manufacturers Life Insurance Co | 0.92 | 0.77 | 30-Sep-21 | 18,723,396 | -914,783 | 4.66% |
| 1832 Asset Management L.P | 0.91 | 1.38 | 30-Sep-21 | 18,410,496 | 796,090 | 4.52% |
| BlackRock Fund Advisors | 0.72 | 25.54 | 31-Jan-22 | 14,573,110 | -37,196 | — |
| Blackstone Inc | 0.61 | 1.1 | 30-Sep-21 | 12,349,702 | -387,383 | 3.04% |
| Total (for Top 20) | 37.08 | | | 751,239,308 | -19,569,778 | |