Enbridge Inc. (NYSE:ENB) Shares Sold by XML Financial LLC

XML Financial LLC cut its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 10.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,632 shares of the pipeline company’s stock after selling 1,769 shares during the quarter. XML Financial LLC’s holdings in Enbridge were worth $566,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ENB. BOK Financial Private Wealth Inc. acquired a new position in Enbridge during the fourth quarter worth $25,000. Baystate Wealth Management LLC raised its holdings in shares of Enbridge by 836.4% in the fourth quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 644 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Enbridge in the fourth quarter valued at $28,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Enbridge in the first quarter valued at $29,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of Enbridge in the first quarter valued at $31,000. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Trading Up 0.5 %

Shares of NYSE:ENB traded up $0.17 during midday trading on Thursday, reaching $37.60. The company’s stock had a trading volume of 5,788,529 shares, compared to its average volume of 5,449,265. The firm has a market cap of $80.22 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 3.51 and a beta of 0.92. The company has a quick ratio of 0.59, a current ratio of 0.68 and a debt-to-equity ratio of 1.35. Enbridge Inc. has a 1 year low of $31.03 and a 1 year high of $38.37. The business has a 50 day moving average price of $35.85 and a 200 day moving average price of $35.63.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, May 10th. The pipeline company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.09. The business had revenue of $8.19 billion during the quarter, compared to the consensus estimate of $9 billion. Enbridge had a return on equity of 10.53% and a net margin of 13.59%. Research analysts forecast that Enbridge Inc. will post 2.12 EPS for the current year.

Enbridge Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th will be given a dividend of $0.669 per share. This represents a $2.68 dividend on an annualized basis and a yield of 7.12%. The ex-dividend date of this dividend is Thursday, August 15th. Enbridge’s dividend payout ratio (DPR) is presently 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.