NEW YORK, February 22 (FinanceEnquiry.com) - Analysts at Deutsche Bank Securities reiterate their Buy rating on the shares of Enbridge Inc. (NYSE: ENB). The 12-month target price is set to $44.
 
In a research note published yesterday, the analysts mention that ENB posted Q4 and 2011 financial results Friday. The results were mostly in line with positive outlook, thus buy rating was initiated on February 13, 2011. On February 17, 2011, concerns emerged as management reported potential of substantial share sales by its largest shareholder in an attempt to rebalance the portfolio. The analysts indicate that the holdings of Caisse de Depot in ENB are disclosed at about 69 million shares, with the biggest position by a huge margin for the holdings of the Caisse entity.