Enbridge Inc. (NYSE:ENB) Shares Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. boosted its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 4.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,649 shares of the pipeline company’s stock after acquiring an additional 2,165 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Enbridge were worth $1,802,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. TD Asset Management Inc grew its position in shares of Enbridge by 24.9% in the fourth quarter. TD Asset Management Inc now owns 37,749,760 shares of the pipeline company’s stock valued at $1,365,583,000 after purchasing an additional 7,536,678 shares during the last quarter. M&G Plc purchased a new stake in Enbridge in the 1st quarter valued at approximately $152,843,000. Cibc World Market Inc. grew its holdings in Enbridge by 12.8% during the 2nd quarter. Cibc World Market Inc. now owns 32,531,675 shares of the pipeline company’s stock valued at $1,157,802,000 after buying an additional 3,693,495 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Enbridge by 66.9% during the first quarter. Canada Pension Plan Investment Board now owns 9,044,864 shares of the pipeline company’s stock worth $327,172,000 after buying an additional 3,624,089 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Enbridge by 15.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 21,932,752 shares of the pipeline company’s stock worth $790,785,000 after buying an additional 2,895,742 shares in the last quarter. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Stock Up 0.3 %

Shares of NYSE:ENB opened at $40.52 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $86.47 billion, a P/E ratio of 20.57, a P/E/G ratio of 3.91 and a beta of 0.94. Enbridge Inc. has a 52-week low of $31.03 and a 52-week high of $41.22. The stock’s fifty day simple moving average is $38.79 and its 200-day simple moving average is $36.81.

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

Enbridge Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th were issued a $0.669 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.68 annualized dividend and a yield of 6.60%. Enbridge’s dividend payout ratio (DPR) is presently 134.01%.

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.