Atomi Financial Group Inc. Makes New $347,000 Investment in Enbridge Inc. (NYSE:ENB)

Atomi Financial Group Inc. acquired a new position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 9,590 shares of the pipeline company’s stock, valued at approximately $347,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Enbridge by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 83,053,455 shares of the pipeline company’s stock valued at $2,991,585,000 after buying an additional 1,561,598 shares in the last quarter. TD Asset Management Inc grew its holdings in 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 acquiring an additional 7,536,678 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in Enbridge by 2.5% during the 4th quarter. 1832 Asset Management L.P. now owns 35,289,140 shares of the pipeline company’s stock worth $1,271,115,000 after acquiring an additional 846,796 shares during the last quarter. Canoe Financial LP grew its holdings in Enbridge by 80,631.1% during the 4th quarter. Canoe Financial LP now owns 33,460,611 shares of the pipeline company’s stock worth $1,205,251,000 after acquiring an additional 33,419,164 shares during the last quarter. Finally, Bank of Nova Scotia grew its holdings in Enbridge by 6.8% during the 4th quarter. Bank of Nova Scotia now owns 29,995,342 shares of the pipeline company’s stock worth $1,079,833,000 after acquiring an additional 1,910,302 shares during the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Trading Down 0.2 %

ENB traded down $0.07 during trading on Monday, reaching $36.03. 1,835,100 shares of the company’s stock were exchanged, compared to its average volume of 5,509,147. Enbridge Inc. has a one year low of $31.03 and a one year high of $38.37. The company has a current ratio of 0.68, a quick ratio of 0.59 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $76.88 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 3.37 and a beta of 0.92. The firm has a fifty day moving average price of $35.98 and a two-hundred day moving average price of $35.62.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, May 10th. The pipeline company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.09. The firm had revenue of $8.19 billion for the quarter, compared to analyst estimates of $9 billion. Enbridge had a net margin of 13.59% and a return on equity of 10.53%. As a group, equities research analysts forecast that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th were given a $0.677 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $2.71 dividend on an annualized basis and a dividend yield of 7.52%. This is an increase from Enbridge’s previous quarterly dividend of $0.66. 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.