Ashton Thomas Private Wealth LLC Sells 360 Shares of Enbridge Inc. (NYSE:ENB)

Ashton Thomas Private Wealth LLC decreased its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,564 shares of the pipeline company’s stock after selling 360 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Enbridge were worth $889,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. bought a new position in shares of Enbridge during the fourth quarter worth approximately $25,000. Baystate Wealth Management LLC increased its stake in shares of Enbridge by 836.4% during the fourth quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 644 shares during the period. Tennessee Valley Asset Management Partners bought a new position in shares of Enbridge during the fourth quarter worth approximately $28,000. Financial Gravity Asset Management Inc. increased its stake in shares of Enbridge by 2,294.6% during the third quarter. Financial Gravity Asset Management Inc. now owns 886 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 849 shares during the period. Finally, PFS Partners LLC increased its stake in shares of Enbridge by 95.8% during the first quarter. PFS Partners LLC now owns 922 shares of the pipeline company’s stock worth $33,000 after purchasing an additional 451 shares during the period. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Performance

Shares of NYSE ENB traded down $0.13 during trading hours on Friday, reaching $35.76. 738,989 shares of the stock were exchanged, compared to its average volume of 5,621,789. The firm has a market capitalization of $76.31 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 3.36 and a beta of 0.92. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.59 and a current ratio of 0.68. Enbridge Inc. has a 52 week low of $31.03 and a 52 week high of $38.37. The stock’s fifty day simple moving average is $36.01 and its 200 day simple moving average is $35.64.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, May 10th. The pipeline company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.09. Enbridge had a return on equity of 10.53% and a net margin of 13.59%. The firm had revenue of $8.19 billion for the quarter, compared to analyst estimates of $9 billion. Sell-side analysts predict that Enbridge Inc. will post 2.13 EPS for the current year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 7.57%. The ex-dividend date of this dividend was Tuesday, May 14th. This is a positive change from Enbridge’s previous quarterly dividend of $0.66. Enbridge’s dividend payout ratio (DPR) is 136.04%.

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.