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

M. Kraus & Co grew its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,781 shares of the pipeline company’s stock after buying an additional 1,895 shares during the period. Enbridge accounts for about 1.8% of M. Kraus & Co’s portfolio, making the stock its 25th biggest holding. M. Kraus & Co’s holdings in Enbridge were worth $6,058,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ENB. Eagle Bay Advisors LLC lifted its holdings in Enbridge by 10.6% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,507 shares of the pipeline company’s stock valued at $106,000 after purchasing an additional 240 shares during the last quarter. Richardson Financial Services Inc. lifted its stake in shares of Enbridge by 28.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 1,112 shares of the pipeline company’s stock worth $45,000 after buying an additional 246 shares during the last quarter. Associated Banc Corp boosted its holdings in shares of Enbridge by 3.6% during the 3rd quarter. Associated Banc Corp now owns 7,091 shares of the pipeline company’s stock worth $288,000 after buying an additional 248 shares during the period. Hobbs Group Advisors LLC grew its stake in Enbridge by 15.1% in the 3rd quarter. Hobbs Group Advisors LLC now owns 1,897 shares of the pipeline company’s stock valued at $77,000 after buying an additional 249 shares during the last quarter. Finally, Centaurus Financial Inc. raised its holdings in Enbridge by 1.7% in the 3rd quarter. Centaurus Financial Inc. now owns 14,980 shares of the pipeline company’s stock valued at $608,000 after acquiring an additional 256 shares during the period. 54.60% of the stock is currently owned by institutional investors.

Enbridge Stock Performance

NYSE:ENB opened at $44.04 on Wednesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.62. Enbridge Inc. has a fifty-two week low of $32.85 and a fifty-two week high of $44.13. The company has a market cap of $95.93 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 4.14 and a beta of 0.93. The stock has a fifty day moving average price of $42.62 and a 200-day moving average price of $40.42.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.15. The business had revenue of $10.91 billion for the quarter, compared to analyst estimates of $4.54 billion. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. During the same period last year, the firm posted $0.46 earnings per share. As a group, equities analysts anticipate that Enbridge Inc. will post 2.03 EPS for the current fiscal year.

Enbridge Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be issued a dividend of $0.67 per share. The ex-dividend date is Friday, February 14th. This represents a $2.68 annualized dividend and a dividend yield of 6.09%. Enbridge’s dividend payout ratio (DPR) is presently 124.07%.

Analyst Ratings Changes

Several research firms have recently commented on ENB. Jefferies Financial Group downgraded Enbridge from a “buy” rating to a “hold” rating in a research report on Monday, September 30th. TD Securities began coverage on Enbridge in a report on Wednesday. They issued a “buy” rating on the stock. 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 report on Wednesday, December 4th. Morgan Stanley started coverage on shares of Enbridge in a research note on Friday, October 25th. They issued an “equal weight” rating on the stock. Finally, Wells Fargo & Company upgraded shares of Enbridge from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $63.00.

Enbridge Company Profile

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.