DekaBank Deutsche Girozentrale Has $15.35 Million Stock Holdings in Enbridge Inc. (NYSE:ENB)

DekaBank Deutsche Girozentrale boosted its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 432,120 shares of the pipeline company’s stock after buying an additional 2,291 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Enbridge were worth $15,353,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Enbridge during the 4th quarter worth approximately $714,662,000. TD Asset Management Inc increased its position in shares of Enbridge by 24.9% during the 4th quarter. TD Asset Management Inc now owns 37,749,760 shares of the pipeline company’s stock worth $1,365,583,000 after purchasing an additional 7,536,678 shares during the last quarter. M&G Plc acquired a new position in shares of Enbridge during the 1st quarter worth approximately $152,843,000. Cibc World Market Inc. increased its position in shares of Enbridge by 12.8% during the 2nd quarter. Cibc World Market Inc. now owns 32,531,675 shares of the pipeline company’s stock worth $1,157,802,000 after purchasing an additional 3,693,495 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Enbridge by 66.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 9,044,864 shares of the pipeline company’s stock worth $327,172,000 after purchasing an additional 3,624,089 shares during the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Stock Up 0.6 %

ENB stock opened at $40.73 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $88.69 billion, a PE ratio of 20.68, a PEG ratio of 3.91 and a beta of 0.94. Enbridge Inc. has a 1-year low of $31.03 and a 1-year high of $40.83. The business’s 50 day simple moving average is $38.29 and its 200 day simple moving average is $36.60.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, August 2nd. The pipeline company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.13. The business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $4.28 billion. Enbridge had a return on equity of 10.07% and a net margin of 13.31%. During the same period in the previous year, the firm earned $0.51 EPS. As a group, research analysts anticipate that Enbridge Inc. will post 2.06 EPS for the current year.

Enbridge Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Thursday, August 15th were paid a $0.669 dividend. The ex-dividend date was Thursday, August 15th. This represents a $2.68 annualized dividend and a yield of 6.57%. Enbridge’s dividend payout ratio (DPR) is presently 134.01%.

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.