Enbridge Inc. (NYSE:ENB) Stock Holdings Increased by MCF Advisors LLC

MCF Advisors LLC boosted its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 318.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,529 shares of the pipeline company’s stock after purchasing an additional 1,924 shares during the period. MCF Advisors LLC’s holdings in Enbridge were worth $92,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. BOK Financial Private Wealth Inc. acquired a new stake in Enbridge during the fourth quarter valued at $25,000. Baystate Wealth Management LLC lifted its holdings in shares of Enbridge by 836.4% during the 4th quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock valued at $26,000 after buying an additional 644 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Enbridge during the 4th quarter valued at about $28,000. Financial Gravity Asset Management Inc. grew its stake in shares of Enbridge by 2,294.6% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 886 shares of the pipeline company’s stock valued at $29,000 after buying an additional 849 shares in the last quarter. Finally, PFS Partners LLC increased its holdings in Enbridge by 95.8% in the first quarter. PFS Partners LLC now owns 922 shares of the pipeline company’s stock worth $33,000 after buying an additional 451 shares during the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Price Performance

NYSE ENB opened at $35.59 on Friday. The company has a 50 day moving average price of $36.01 and a two-hundred day moving average price of $35.63. Enbridge Inc. has a 12-month low of $31.03 and a 12-month high of $38.37. The stock has a market capitalization of $75.95 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 3.34 and a beta of 0.90. The company has a quick ratio of 0.59, a current ratio of 0.68 and a debt-to-equity ratio of 1.35.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, May 10th. The pipeline company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.59 by $0.09. Enbridge had a net margin of 13.59% and a return on equity of 10.53%. The firm had revenue of $8.19 billion for the quarter, compared to the consensus estimate of $9 billion. As a group, equities analysts predict that Enbridge Inc. will post 2.13 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Wednesday, May 15th were issued a $0.677 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.66. This represents a $2.71 annualized dividend and a yield of 7.61%. The ex-dividend date was Tuesday, May 14th. Enbridge’s payout ratio is 136.04%.

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.