Enbridge Inc. (NYSE:ENB) Shares Bought by America First Investment Advisors LLC

America First Investment Advisors LLC lifted its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 4.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 512,144 shares of the pipeline company’s stock after purchasing an additional 23,849 shares during the period. Enbridge comprises about 4.5% of America First Investment Advisors LLC’s holdings, making the stock its 14th largest position. America First Investment Advisors LLC’s holdings in Enbridge were worth $18,227,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Rockwood Wealth Management LLC grew its position in shares of Enbridge by 2.6% during the second quarter. Rockwood Wealth Management LLC now owns 11,107 shares of the pipeline company’s stock worth $395,000 after acquiring an additional 285 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Enbridge by 3.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,269 shares of the pipeline company’s stock worth $294,000 after buying an additional 298 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its position in Enbridge by 1.7% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 18,237 shares of the pipeline company’s stock valued at $649,000 after acquiring an additional 298 shares during the period. Perigon Wealth Management LLC raised its stake in Enbridge by 3.7% during the 1st quarter. Perigon Wealth Management LLC now owns 8,827 shares of the pipeline company’s stock valued at $319,000 after acquiring an additional 314 shares during the last quarter. Finally, RFG Advisory LLC lifted its position in 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 acquiring an additional 325 shares during the period. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Trading Down 1.3 %

NYSE:ENB opened at $40.27 on Wednesday. Enbridge Inc. has a 12-month low of $31.03 and a 12-month high of $40.83. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.34. The stock’s 50 day simple moving average is $38.01 and its 200-day simple moving average is $36.48. The firm has a market cap of $87.67 billion, a P/E ratio of 20.44, a PEG ratio of 3.92 and a beta of 0.93.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, August 2nd. The pipeline company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.13. Enbridge had a net margin of 13.31% and a return on equity of 10.07%. The company had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the previous year, the company posted $0.51 EPS. Equities analysts anticipate that Enbridge Inc. will post 2.06 EPS 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 dividend of $0.669 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.68 annualized dividend and a yield of 6.65%. Enbridge’s dividend 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.