Thomasville National Bank Boosts Stake in Enbridge Inc. (NYSE:ENB)

Thomasville National Bank boosted its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 811,601 shares of the pipeline company's stock after buying an additional 17,540 shares during the period. Enbridge accounts for approximately 2.5% of Thomasville National Bank's portfolio, making the stock its 11th biggest holding. Thomasville National Bank's holdings in Enbridge were worth $34,436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ENB. William B. Walkup & Associates Inc. acquired a new position in Enbridge in the 2nd quarter valued at about $28,000. McIlrath & Eck LLC grew its stake in shares of Enbridge by 74.9% in the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock valued at $28,000 after purchasing an additional 295 shares during the last quarter. Grove Bank & Trust increased its holdings in shares of Enbridge by 56.7% in the third quarter. Grove Bank & Trust now owns 771 shares of the pipeline company's stock valued at $31,000 after purchasing an additional 279 shares during the period. MFA Wealth Advisors LLC raised its stake in shares of Enbridge by 55.6% during the third quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company's stock worth $32,000 after purchasing an additional 280 shares during the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in shares of Enbridge during the third quarter worth $35,000. Hedge funds and other institutional investors own 54.60% of the company's stock.

Enbridge Price Performance

Shares of NYSE ENB traded down $0.12 during midday trading on Monday, hitting $43.36. The company had a trading volume of 4,283,256 shares, compared to its average volume of 3,294,891. The firm has a market capitalization of $94.45 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 4.14 and a beta of 0.93. Enbridge Inc. has a twelve month low of $32.85 and a twelve month high of $44.13. The business has a 50-day simple moving average of $42.51 and a two-hundred day simple moving average of $40.30. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.41.

Enbridge (NYSE:ENB - Get Free Report) 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 firm had revenue of $10.91 billion during the quarter, compared to the consensus estimate 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 business posted $0.46 EPS. Equities research analysts anticipate that Enbridge Inc. will post 2.03 earnings per share for the current year.

Enbridge Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.18%. The ex-dividend date is Friday, February 14th. Enbridge's dividend payout ratio (DPR) is presently 124.07%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wells Fargo & Company upgraded 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 price target (up from $59.00) on shares of Enbridge in a report on Wednesday, December 4th. Jefferies Financial Group lowered Enbridge from a "buy" rating to a "hold" rating in a report on Monday, September 30th. Finally, Morgan Stanley began coverage on Enbridge in a research note on Friday, October 25th. They set an "equal weight" rating for the company. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Enbridge currently has an average rating of "Hold" and an average 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.