Enbridge Inc. (NYSE:ENB) Shares Acquired by STAR Financial Bank

STAR Financial Bank grew its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 13.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,431 shares of the pipeline company’s stock after purchasing an additional 750 shares during the quarter. STAR Financial Bank’s holdings in Enbridge were worth $229,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. America First Investment Advisors LLC boosted its position in shares of Enbridge by 4.9% during the 2nd quarter. America First Investment Advisors LLC now owns 512,144 shares of the pipeline company’s stock valued at $18,227,000 after acquiring an additional 23,849 shares during the last quarter. Studio Investment Management LLC lifted its stake in Enbridge by 19.8% in the second quarter. Studio Investment Management LLC now owns 20,212 shares of the pipeline company’s stock worth $719,000 after acquiring an additional 3,336 shares during the last quarter. Vaughan David Investments LLC IL raised its position in shares of Enbridge by 1.2% during the 2nd quarter. Vaughan David Investments LLC IL now owns 888,639 shares of the pipeline company’s stock worth $31,627,000 after acquiring an additional 10,349 shares in the last quarter. Headlands Technologies LLC boosted its stake in Enbridge by 103.4% in the second quarter. Headlands Technologies LLC now owns 100,102 shares of the pipeline company’s stock valued at $3,563,000 after acquiring an additional 50,881 shares in the last quarter. Finally, Choreo LLC increased its position in Enbridge by 29.4% during the second quarter. Choreo LLC now owns 31,443 shares of the pipeline company’s stock worth $1,109,000 after buying an additional 7,152 shares during the period. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Trading Down 1.3 %

Shares of Enbridge stock opened at $40.27 on Wednesday. The company has a market capitalization of $87.67 billion, a P/E ratio of 20.44, a PEG ratio of 3.92 and a beta of 0.93. Enbridge Inc. has a 1 year low of $31.03 and a 1 year high of $40.83. The company’s fifty day moving average is $38.01 and its two-hundred day moving average is $36.48. 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 results on Friday, August 2nd. The pipeline company reported $0.58 earnings per share 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 the consensus estimate of $4.28 billion. Enbridge had a return on equity of 10.07% and a net margin of 13.31%. During the same period last year, the company earned $0.51 earnings per share. Analysts forecast that Enbridge Inc. will post 2.06 earnings per share 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 issued a $0.669 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date was Thursday, August 15th. Enbridge’s dividend payout ratio is currently 134.01%.

About Enbridge

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.