M. Kraus & Co Raises Holdings in Enbridge Inc. (NYSE:ENB)


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M. Kraus & Co grew its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,384 shares of the pipeline company’s stock after buying an additional 1,366 shares during the quarter. Enbridge accounts for 1.4% of M. Kraus & Co’s holdings, 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.

Several other hedge funds have also recently modified their holdings of ENB. The Manufacturers Life Insurance Company lifted its holdings in shares of Enbridge by 33.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 29,026,915 shares of the pipeline company’s stock worth $845,328,000 after buying an additional 7,220,481 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Enbridge by 70.1% in the 2nd quarter. Toronto Dominion Bank now owns 12,530,525 shares of the pipeline company’s stock worth $398,150,000 after buying an additional 5,163,719 shares during the period. Jarislowsky Fraser Ltd lifted its holdings in shares of Enbridge by 6.6% in the 3rd quarter. Jarislowsky Fraser Ltd now owns 27,108,332 shares of the pipeline company’s stock worth $789,457,000 after buying an additional 1,687,560 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Enbridge by 5.8% in the 3rd quarter. CIBC Asset Management Inc now owns 21,604,925 shares of the pipeline company’s stock worth $630,656,000 after buying an additional 1,191,599 shares during the period. Finally, FMR LLC raised its position in shares of Enbridge by 9.9% in the 2nd quarter. FMR LLC now owns 8,710,735 shares of the pipeline company’s stock worth $264,873,000 after acquiring an additional 785,573 shares in the last quarter. Institutional investors and hedge funds own 47.68% of the company’s stock.

Shares of ENB stock traded up $0.88 during mid-day trading on Wednesday, reaching $34.60. The stock had a trading volume of 7,355,729 shares, compared to its average volume of 5,750,071. The business’s fifty day moving average is $32.68 and its 200-day moving average is $31.04. The company has a current ratio of 0.55, a quick ratio of 0.44 and a debt-to-equity ratio of 1.04. The firm has a market cap of $70.07 billion, a price-to-earnings ratio of 48.73, a PEG ratio of 2.81 and a beta of 0.83. Enbridge Inc. has a 1-year low of $22.57 and a 1-year high of $43.15.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, November 6th. The pipeline company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). The firm had revenue of $6.84 billion during the quarter. Enbridge had a net margin of 5.57% and a return on equity of 8.50%. On average, analysts forecast that Enbridge Inc. will post 1.91 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 1st. Stockholders of record on Friday, February 12th will be issued a $0.6523 dividend. The ex-dividend date is Thursday, February 11th. This is a positive change from Enbridge’s previous quarterly dividend of $0.62. This represents a $2.61 dividend on an annualized basis and a dividend yield of 7.54%. Enbridge’s dividend payout ratio is currently 123.00%.

Several research analysts have recently commented on the company. Stifel Nicolaus reduced their price target on Enbridge from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Monday, November 9th. TD Securities reduced their price target 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 reduced their price target on Enbridge from $58.00 to $52.00 and set an “outperform” rating for the company in a research report on Monday, November 9th. CIBC boosted their price target on Enbridge from $47.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, ValuEngine raised Enbridge from a “sell” rating to a “hold” rating in a research report on Tuesday, December 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. Enbridge has an average rating of “Buy” and a consensus target price of $52.19.

About Enbridge

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.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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