Continuum Advisory LLC Boosts Stock Holdings in Enbridge Inc. (NYSE:ENB)

Continuum Advisory LLC increased its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 3.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,302 shares of the pipeline company’s stock after purchasing an additional 468 shares during the quarter. Continuum Advisory LLC’s holdings in Enbridge were worth $473,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ENB. Perigon Wealth Management LLC raised its position in Enbridge by 3.7% in the first quarter. Perigon Wealth Management LLC now owns 8,827 shares of the pipeline company’s stock valued at $319,000 after purchasing an additional 314 shares during the period. Fifth Third Bancorp raised its stake in shares of Enbridge by 0.4% in the 1st quarter. Fifth Third Bancorp now owns 86,751 shares of the pipeline company’s stock valued at $3,139,000 after acquiring an additional 324 shares during the period. RFG Advisory LLC boosted its position in shares of Enbridge by 2.3% during the 2nd quarter. RFG Advisory LLC now owns 14,183 shares of the pipeline company’s stock worth $505,000 after purchasing an additional 325 shares during the period. Capital Investment Counsel Inc increased its holdings in Enbridge by 5.2% in the 4th quarter. Capital Investment Counsel Inc now owns 6,564 shares of the pipeline company’s stock valued at $237,000 after purchasing an additional 326 shares during the last quarter. Finally, Checchi Capital Advisers LLC lifted its stake in Enbridge by 2.8% during the first quarter. Checchi Capital Advisers LLC now owns 12,506 shares of the pipeline company’s stock worth $452,000 after purchasing an additional 337 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Trading Up 0.2 %

Shares of NYSE ENB traded up $0.07 during trading on Tuesday, reaching $39.20. The stock had a trading volume of 298,611 shares, compared to its average volume of 5,438,111. The business’s 50-day moving average price is $36.50 and its 200-day moving average price is $35.87. Enbridge Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $39.72. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.59 and a current ratio of 0.68. The company has a market cap of $83.65 billion, a P/E ratio of 19.89, a PEG ratio of 3.55 and a beta of 0.92.

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

Enbridge Cuts Dividend

The business 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. The ex-dividend date is Thursday, August 15th. This represents a $2.68 annualized dividend and a yield of 6.83%. Enbridge’s payout ratio is 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.