133,924 Shares in Enbridge Inc. (NYSE:ENB) Purchased by Magnetar Financial LLC

Magnetar Financial LLC acquired a new stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 133,924 shares of the pipeline company’s stock, valued at approximately $4,766,000.

A number of other institutional investors have also modified their holdings of ENB. Sei Investments Co. grew its stake in Enbridge by 6.1% in the first quarter. Sei Investments Co. now owns 274,235 shares of the pipeline company’s stock worth $9,922,000 after purchasing an additional 15,650 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of Enbridge in the first quarter valued at about $1,133,000. CAP Partners LLC purchased a new stake in Enbridge in the fourth quarter worth about $391,000. Vanguard Group Inc. grew its holdings in Enbridge by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 84,280,486 shares of the pipeline company’s stock worth $3,049,268,000 after acquiring an additional 1,227,031 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in Enbridge by 11.0% during the 4th quarter. Parallel Advisors LLC now owns 24,183 shares of the pipeline company’s stock valued at $871,000 after purchasing an additional 2,402 shares during the period. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge Trading Up 0.3 %

NYSE:ENB opened at $40.52 on Monday. The firm has a 50-day simple moving average of $38.79 and a 200-day simple moving average of $36.81. Enbridge Inc. has a one year low of $31.03 and a one year high of $41.22. The firm has a market cap 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. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.68 and a current ratio of 0.77.

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

Enbridge Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Thursday, August 15th were paid a dividend of $0.669 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date was Thursday, August 15th. Enbridge’s dividend payout ratio (DPR) is currently 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.