M. Kraus & Co Has $6.06 Million Stake in Enbridge Inc. (NYSE:ENB)

M. Kraus & Co lifted its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 142,781 shares of the pipeline company’s stock after buying an additional 1,895 shares during the quarter. Enbridge comprises approximately 1.8% of M. Kraus & Co’s investment portfolio, making the stock its 25th largest holding. M. Kraus & Co’s holdings in Enbridge were worth $6,058,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ENB. Park Avenue Securities LLC grew its stake in Enbridge by 21.3% in the fourth quarter. Park Avenue Securities LLC now owns 43,030 shares of the pipeline company’s stock valued at $1,826,000 after acquiring an additional 7,568 shares during the period. Kathmere Capital Management LLC acquired a new stake in Enbridge in the 4th quarter valued at $206,000. Fifth Third Wealth Advisors LLC raised its holdings in Enbridge by 43.3% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 20,257 shares of the pipeline company’s stock worth $860,000 after buying an additional 6,123 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in shares of Enbridge by 17.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 6,578 shares of the pipeline company’s stock valued at $279,000 after buying an additional 1,000 shares in the last quarter. Finally, Accurate Wealth Management LLC boosted its stake in Enbridge by 145.8% during the 4th quarter. Accurate Wealth Management LLC now owns 21,620 shares of the pipeline company’s stock valued at $940,000 after purchasing an additional 12,826 shares during the last quarter. 54.60% of the stock is owned by institutional investors.

Enbridge Price Performance

Shares of NYSE ENB opened at $44.04 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.41. The stock has a fifty day simple moving average of $42.62 and a two-hundred day simple moving average of $40.42. Enbridge Inc. has a 1-year low of $32.85 and a 1-year high of $44.13. The firm has a market cap of $95.93 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 4.14 and a beta of 0.93.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.15. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. The firm had revenue of $10.91 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter last year, the company earned $0.46 earnings per share. Analysts anticipate that Enbridge Inc. will post 2.03 earnings per share for the current year.

Enbridge Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, February 15th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.09%. Enbridge’s payout ratio is 124.07%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ENB. TD Securities began coverage on shares of Enbridge in a report on Wednesday. They set a “buy” rating on the stock. Wells Fargo & Company raised shares of Enbridge from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada reissued an “outperform” rating and set a $63.00 target price (up previously from $59.00) on shares of Enbridge in a research report on Wednesday, December 4th. Jefferies Financial Group downgraded Enbridge from a “buy” rating to a “hold” rating in a research report on Monday, September 30th. Finally, Morgan Stanley assumed coverage on Enbridge in a research report on Friday, October 25th. They issued an “equal weight” rating on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $63.00.

About Enbridge

Enbridge Inc, together with its subsidiaries, 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.