Enbridge Inc. (NYSE:ENB) Shares Bought by Vicus Capital

Vicus Capital lifted its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 13.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,728 shares of the pipeline company’s stock after purchasing an additional 1,164 shares during the quarter. Vicus Capital’s holdings in Enbridge were worth $346,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new stake in shares of Enbridge during the 4th quarter worth about $28,000. TruNorth Capital Management LLC acquired a new position in shares of Enbridge during the second quarter valued at approximately $28,000. Ameritas Investment Partners Inc. bought a new stake in Enbridge during the first quarter worth approximately $29,000. Richardson Financial Services Inc. acquired a new stake in Enbridge in the first quarter worth approximately $31,000. Finally, PFS Partners LLC boosted its stake in Enbridge by 95.8% during the 1st quarter. PFS Partners LLC now owns 922 shares of the pipeline company’s stock valued at $33,000 after purchasing an additional 451 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Price Performance

Shares of ENB stock traded up $0.03 during mid-day trading on Thursday, hitting $39.03. 720,223 shares of the stock traded hands, compared to its average volume of 5,423,879. Enbridge Inc. has a twelve month low of $31.03 and a twelve month 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’s 50-day simple moving average is $36.64 and its 200-day simple moving average is $35.92. The firm has a market cap of $83.29 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 3.55 and a beta of 0.92.

Enbridge (NYSE:ENB) (TSE:ENB) last released its 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 return on equity of 10.53% and a net margin of 13.59%. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period in the previous year, the company earned $0.51 earnings per share. As a group, equities research analysts expect that Enbridge Inc. will post 2.12 earnings per share 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 issued a $0.669 dividend. The ex-dividend date is Thursday, August 15th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.86%. Enbridge’s payout ratio is currently 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.