Aull & Monroe Investment Management Corp Sells 1,793 Shares of Enbridge Inc. (NYSE:ENB)

Aull & Monroe Investment Management Corp reduced its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,771 shares of the pipeline company’s stock after selling 1,793 shares during the period. Aull & Monroe Investment Management Corp’s holdings in Enbridge were worth $712,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ENB. Farther Finance Advisors LLC boosted its holdings in shares of Enbridge by 12.7% in the third quarter. Farther Finance Advisors LLC now owns 10,566 shares of the pipeline company’s stock worth $429,000 after acquiring an additional 1,193 shares during the period. United Advisor Group LLC raised its position in shares of Enbridge by 22.7% in the third quarter. United Advisor Group LLC now owns 9,841 shares of the pipeline company’s stock worth $400,000 after buying an additional 1,818 shares in the last quarter. Callahan Advisors LLC raised its position in shares of Enbridge by 43.0% in the third quarter. Callahan Advisors LLC now owns 138,403 shares of the pipeline company’s stock worth $5,621,000 after buying an additional 41,642 shares in the last quarter. Radnor Capital Management LLC raised its position in shares of Enbridge by 9.0% in the third quarter. Radnor Capital Management LLC now owns 69,864 shares of the pipeline company’s stock worth $2,837,000 after buying an additional 5,775 shares in the last quarter. Finally, Maia Wealth LLC purchased a new stake in shares of Enbridge in the third quarter worth $225,000. 54.60% of the stock is owned by institutional investors.

Enbridge Stock Up 2.5 %

ENB opened at $42.60 on Thursday. The company has a market cap of $92.82 billion, a P/E ratio of 24.76, a P/E/G ratio of 3.92 and a beta of 0.94. The business’s 50-day moving average price is $43.45 and its 200-day moving average price is $42.07. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. Enbridge Inc. has a 12 month low of $32.85 and a 12 month high of $45.78.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. The business had revenue of $11.59 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same period in the previous year, the firm posted $0.64 EPS. On average, equities analysts expect that Enbridge Inc. will post 2.14 EPS for the current year.

Analyst Ratings Changes

ENB has been the topic of a number of research reports. Royal Bank of Canada raised their price target on Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. TD Securities initiated coverage on Enbridge in a research report on Wednesday, January 15th. They set a “buy” rating on the stock. Finally, Wells Fargo & Company upgraded Enbridge from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.00.

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.