Aull & Monroe Investment Management Corp Sells 1,009 Shares of Enbridge Inc $ENB

Aull & Monroe Investment Management Corp decreased its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 6.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,547 shares of the pipeline company’s stock after selling 1,009 shares during the period. Aull & Monroe Investment Management Corp’s holdings in Enbridge were worth $705,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ENB. Dagco Inc. bought a new position in Enbridge during the 1st quarter worth $25,000. Garde Capital Inc. bought a new position in Enbridge during the 1st quarter worth $26,000. Financial Gravity Asset Management Inc. bought a new position in Enbridge during the 1st quarter worth $28,000. Accent Capital Management LLC bought a new position in Enbridge during the 1st quarter worth $30,000. Finally, Wolff Wiese Magana LLC increased its position in Enbridge by 91.3% during the 1st quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company’s stock worth $34,000 after buying an additional 365 shares during the period. Institutional investors own 54.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Argus increased their price objective on Enbridge from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Wall Street Zen cut Enbridge from a “hold” rating to a “sell” rating in a research report on Sunday, September 21st. Jefferies Financial Group upgraded Enbridge from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Cibc World Mkts cut Enbridge from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Enbridge in a research report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.50.

Enbridge Stock Performance

NYSE:ENB opened at $47.07 on Friday. The stock’s 50-day simple moving average is $48.47 and its 200 day simple moving average is $46.36. The firm has a market capitalization of $102.64 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 4.32 and a beta of 0.78. The company has a quick ratio of 0.65, a current ratio of 0.75 and a debt-to-equity ratio of 1.58. Enbridge Inc has a twelve month low of $39.73 and a twelve month high of $50.54.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, August 1st. The pipeline company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.06. The business had revenue of $7.14 billion for the quarter, compared to analyst estimates of $10.56 billion. Enbridge had a return on equity of 10.77% and a net margin of 10.11%.During the same period last year, the firm posted $0.58 earnings per share. On average, analysts anticipate that Enbridge Inc will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Friday, August 15th were paid a $0.6839 dividend. This represents a $2.74 annualized dividend and a yield of 5.8%. This is a boost from Enbridge’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Friday, August 15th. Enbridge’s payout ratio is 134.98%.

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.