Enbridge Inc. (NYSE:ENB) Shares Acquired by M. Kraus & Co
M. Kraus & Co boosted its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,384 shares of the pipeline company’s stock after acquiring an additional 1,366 shares during the period. Enbridge accounts for about 1.4% of M. Kraus & Co’s portfolio, making the stock its 26th largest holding. M. Kraus & Co’s holdings in Enbridge were worth $3,339,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of ENB. Rockbridge Investment Management LCC purchased a new position in Enbridge in the second quarter worth approximately $31,000. Provident Wealth Management LLC purchased a new position in Enbridge in the third quarter worth approximately $45,000. Ropes Wealth Advisors LLC grew its position in Enbridge by 28.7% in the third quarter. Ropes Wealth Advisors LLC now owns 1,640 shares of the pipeline company’s stock worth $48,000 after acquiring an additional 366 shares during the period. Lee Financial Co grew its position in Enbridge by 27.6% in the third quarter. Lee Financial Co now owns 1,895 shares of the pipeline company’s stock worth $55,000 after acquiring an additional 410 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its position in Enbridge by 78.8% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,083 shares of the pipeline company’s stock worth $61,000 after acquiring an additional 918 shares during the period. Institutional investors own 47.68% of the company’s stock.
Shares of NYSE ENB traded up $0.88 during mid-day trading on Wednesday, hitting $34.60. The company had a trading volume of 7,355,729 shares, compared to its average volume of 5,750,071. The company has a market capitalization of $70.07 billion, a PE ratio of 48.73, a price-to-earnings-growth ratio of 2.81 and a beta of 0.83. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.55 and a quick ratio of 0.44. Enbridge Inc. has a 1-year low of $22.57 and a 1-year high of $43.15. The business’s 50-day simple moving average is $32.68 and its 200 day simple moving average is $31.04.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 1st. Stockholders of record on Friday, February 12th will be paid a $0.6523 dividend. This is a boost from Enbridge’s previous quarterly dividend of $0.62. This represents a $2.61 annualized dividend and a dividend yield of 7.54%. The ex-dividend date is Thursday, February 11th. Enbridge’s dividend payout ratio (DPR) is presently 123.00%.
Several research analysts recently weighed in on the company. ValuEngine upgraded Enbridge from a “sell” rating to a “hold” rating in a research report on Tuesday, December 1st. BidaskClub lowered Enbridge from a “hold” rating to a “sell” rating in a research report on Wednesday, December 23rd. TD Securities lowered their price objective on Enbridge from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, November 9th. Royal Bank of Canada decreased their price target on Enbridge from $58.00 to $52.00 and set an “outperform” rating on the stock in a research note on Monday, November 9th. Finally, CIBC upped their price target on Enbridge from $47.00 to $53.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $52.19.
Enbridge Inc operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
Recommended Story: What is meant by holder of record?
Want to see what other hedge funds are holding ENB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enbridge Inc. (NYSE:ENB) (TSE:ENB).
Receive News & Ratings for Enbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge and related companies with MarketBeat.com's FREE daily email newsletter.