Kohmann Bosshard Financial Services LLC Makes New Investment in Enbridge Inc. (NYSE:ENB)

Kohmann Bosshard Financial Services LLC purchased a new stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,816 shares of the pipeline company’s stock, valued at approximately $119,000.

A number of other large investors have also made changes to their positions in the company. McIlrath & Eck LLC grew its stake in Enbridge by 74.9% in the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 295 shares during the period. Albion Financial Group UT bought a new position in shares of Enbridge during the 4th quarter valued at about $29,000. Darwin Wealth Management LLC bought a new position in shares of Enbridge during the 3rd quarter valued at about $37,000. Dixon Mitchell Investment Counsel Inc. increased its stake in Enbridge by 149.9% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 580 shares in the last quarter. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of Enbridge during the fourth quarter worth $42,000. Institutional investors own 54.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. TD Securities began coverage on Enbridge in a research note on Wednesday, January 15th. They issued a “buy” rating on the stock. Royal Bank of Canada lifted their target price on Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company raised Enbridge from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Enbridge currently has a consensus rating of “Hold” and a consensus price target of $67.00.

Enbridge Trading Up 2.4 %

Shares of NYSE:ENB opened at $42.73 on Monday. The stock has a market capitalization of $93.11 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 3.92 and a beta of 0.94. The company’s 50-day moving average price is $43.42 and its two-hundred day moving average price is $42.01. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. Enbridge Inc. has a one year low of $32.85 and a one year high of $45.78.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The firm had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm earned $0.64 EPS. On average, equities analysts forecast that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Enbridge Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Saturday, February 15th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.68 dividend on an annualized basis and a yield of 6.27%. Enbridge’s payout ratio is 155.81%.

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.