Jacobs & Co. CA Has $11.75 Million Stock Position in Enbridge Inc. (NYSE:ENB)

Jacobs & Co. CA lessened its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 276,859 shares of the pipeline company’s stock after selling 2,726 shares during the period. Jacobs & Co. CA’s holdings in Enbridge were worth $11,747,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Private Advisor Group LLC lifted its holdings in Enbridge by 2.1% in the 2nd quarter. Private Advisor Group LLC now owns 103,598 shares of the pipeline company’s stock worth $3,687,000 after purchasing an additional 2,145 shares during the last quarter. Candriam S.C.A. grew its stake in Enbridge by 45.0% in the 2nd quarter. Candriam S.C.A. now owns 11,500 shares of the pipeline company’s stock valued at $409,000 after buying an additional 3,570 shares during the last quarter. Savant Capital LLC raised its holdings in Enbridge by 17.8% in the 2nd quarter. Savant Capital LLC now owns 21,320 shares of the pipeline company’s stock worth $759,000 after acquiring an additional 3,218 shares during the period. Choreo LLC boosted its holdings in Enbridge by 29.4% during the second quarter. Choreo LLC now owns 31,443 shares of the pipeline company’s stock valued at $1,109,000 after acquiring an additional 7,152 shares during the period. Finally, HHM Wealth Advisors LLC boosted its holdings in Enbridge by 891.5% during the second quarter. HHM Wealth Advisors LLC now owns 2,558 shares of the pipeline company’s stock valued at $91,000 after acquiring an additional 2,300 shares during the period. 54.60% of the stock is currently owned by institutional investors.

Enbridge Stock Performance

Shares of ENB traded down $0.52 on Friday, reaching $43.50. 2,337,886 shares of the stock traded hands, compared to its average volume of 2,703,986. The stock’s 50-day moving average price is $42.45 and its 200-day moving average price is $40.17. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.62 and a quick ratio of 0.54. The firm has a market cap of $94.76 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 4.14 and a beta of 0.93. Enbridge Inc. has a 12 month low of $32.85 and a 12 month high of $44.13.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the previous year, the firm posted $0.46 EPS. Equities analysts forecast that Enbridge Inc. will post 2.03 EPS for the current fiscal year.

Enbridge Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.68 annualized dividend and a dividend yield of 6.16%. Enbridge’s dividend payout ratio is currently 124.07%.

Wall Street Analyst Weigh In

ENB has been the topic of a number of research analyst reports. Jefferies Financial Group lowered Enbridge from a “buy” rating to a “hold” rating in a report on Monday, September 30th. Morgan Stanley began coverage on shares of Enbridge in a research report on Friday, October 25th. They set an “equal weight” rating on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $63.00 price target (up from $59.00) on shares of Enbridge in a report on Wednesday, December 4th. Finally, Wells Fargo & Company upgraded shares of Enbridge from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Enbridge presently 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.