Aull & Monroe Investment Management Corp Has $705,000 Stock Holdings in Enbridge Inc $ENB

Aull & Monroe Investment Management Corp trimmed its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 6.1% during the second quarter, HoldingsChannel.com reports. 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.

A number of other hedge funds have also recently made changes to their positions in the company. BKM Wealth Management LLC acquired a new stake in shares of Enbridge during the second quarter valued at about $192,000. Woodard & Co. Asset Management Group Inc. ADV boosted its stake in shares of Enbridge by 32.1% during the second quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 14,431 shares of the pipeline company’s stock valued at $654,000 after purchasing an additional 3,508 shares in the last quarter. Novare Capital Management LLC acquired a new stake in shares of Enbridge during the second quarter valued at about $200,000. Koshinski Asset Management Inc. boosted its stake in shares of Enbridge by 73.6% during the second quarter. Koshinski Asset Management Inc. now owns 11,679 shares of the pipeline company’s stock valued at $529,000 after purchasing an additional 4,953 shares in the last quarter. Finally, Hartline Investment Corp boosted its stake in shares of Enbridge by 9.0% during the second quarter. Hartline Investment Corp now owns 39,338 shares of the pipeline company’s stock valued at $1,783,000 after purchasing an additional 3,240 shares in the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Price Performance

Shares of ENB opened at $47.07 on Friday. Enbridge Inc has a 52-week low of $39.73 and a 52-week high of $50.54. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.65 and a current ratio of 0.75. The business’s 50 day moving average price is $48.47 and its two-hundred day moving average price is $46.36. The firm has a market cap 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.

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

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Shareholders 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 presently 134.98%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ENB shares. CIBC lowered Enbridge from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Enbridge in a research note on Wednesday, October 8th. National Bankshares restated a “sector perform” rating on shares of Enbridge in a research report on Tuesday, August 5th. Cibc World Mkts downgraded Enbridge from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Finally, Argus raised 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. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $60.50.

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.