Enbridge Inc. (NYSE:ENB) Shares Acquired by RFG Advisory LLC

RFG Advisory LLC lifted its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,183 shares of the pipeline company’s stock after acquiring an additional 325 shares during the quarter. RFG Advisory LLC’s holdings in Enbridge were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ENB. BOK Financial Private Wealth Inc. bought a new stake in shares of Enbridge in the 4th quarter worth about $25,000. Baystate Wealth Management LLC grew its position 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 bought a new stake in shares of Enbridge during the 4th quarter valued at about $28,000. Ameritas Investment Partners Inc. bought a new stake in shares of Enbridge during the 1st quarter valued at about $29,000. Finally, Richardson Financial Services Inc. bought a new stake in shares of Enbridge during the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Stock Performance

Shares of NYSE:ENB traded up $0.20 during trading on Monday, reaching $39.05. 3,227,789 shares of the company’s stock traded hands, compared to its average volume of 5,464,447. Enbridge Inc. has a 12 month low of $31.03 and a 12 month high of $39.19. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.68 and a quick ratio of 0.59. The stock has a market capitalization of $83.33 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 3.55 and a beta of 0.92. The company has a 50 day moving average of $36.14 and a 200-day moving average of $35.73.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, August 2nd. The pipeline company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.45 by $0.13. The firm had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Enbridge had a net margin of 13.59% and a return on equity of 10.53%. During the same quarter in the prior year, the firm earned $0.51 EPS. On average, equities analysts expect that Enbridge Inc. will post 2.12 EPS for the current year.

Enbridge Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Thursday, August 15th will be paid a dividend of $0.669 per share. This represents a $2.68 annualized dividend and a yield of 6.85%. The ex-dividend date is Thursday, August 15th. Enbridge’s dividend payout ratio 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.