Town & Country Bank & Trust CO dba First Bankers Trust CO Sells 265 Shares of Enbridge Inc. (NYSE:ENB)

Town & Country Bank & Trust CO dba First Bankers Trust CO trimmed its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,237 shares of the pipeline company’s stock after selling 265 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Enbridge were worth $1,580,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ENB. William B. Walkup & Associates Inc. bought a new stake in shares of Enbridge during the second quarter worth $28,000. McIlrath & Eck LLC grew its holdings in Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 295 shares during the period. Albion Financial Group UT bought a new stake in shares of Enbridge during the 4th quarter valued at $29,000. Grove Bank & Trust lifted its stake in shares of Enbridge by 56.7% in the 3rd 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. Finally, MFA Wealth Advisors LLC grew 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 period. 54.60% of the stock is owned by institutional investors.

Enbridge Stock Performance

Shares of NYSE ENB opened at $44.72 on Tuesday. The stock has a 50 day moving average of $42.99 and a 200-day moving average of $40.93. Enbridge Inc. has a 12 month low of $32.85 and a 12 month high of $45.78. The company has a market capitalization of $97.41 billion, a P/E ratio of 20.70, a P/E/G ratio of 4.15 and a beta of 0.93. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.41.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.15. The company had revenue of $10.91 billion during the quarter, compared to analysts’ expectations of $4.54 billion. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. During the same quarter in the previous year, the business posted $0.46 earnings per share. As a group, equities research analysts predict that Enbridge Inc. will post 1.97 EPS for the current year.

Enbridge Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, February 15th will be given a dividend of $0.67 per share. The ex-dividend date is Friday, February 14th. This represents a $2.68 annualized dividend and a yield of 5.99%. Enbridge’s dividend payout ratio is 121.76%.

Analysts Set New Price Targets

ENB has been the subject of several analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $63.00 target price (up from $59.00) on shares of Enbridge in a research report on Wednesday, December 4th. Wells Fargo & Company raised Enbridge from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 6th. Jefferies Financial Group lowered Enbridge from a “buy” rating to a “hold” rating in a research report on Monday, September 30th. TD Securities assumed coverage on Enbridge in a research note on Wednesday, January 15th. They issued a “buy” rating on the stock. Finally, Morgan Stanley assumed coverage on Enbridge in a research report on Friday, October 25th. They set an “equal weight” rating for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Enbridge presently has a consensus rating of “Hold” and a consensus target price of $63.00.

Enbridge 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.