Sumitomo Mitsui Trust Holdings Inc. Has $180.54 Million Stake in Enbridge Inc. (NYSE:ENB)

Sumitomo Mitsui Trust Holdings Inc. increased its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 0.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,981,625 shares of the pipeline company’s stock after purchasing an additional 11,973 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.23% of Enbridge worth $180,541,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. S.E.E.D. Planning Group LLC raised its position in shares of Enbridge by 81.1% in the 4th quarter. S.E.E.D. Planning Group LLC now owns 229,663 shares of the pipeline company’s stock valued at $8,272,000 after buying an additional 102,850 shares in the last quarter. Clarius Group LLC lifted its stake in Enbridge by 25.2% during the fourth quarter. Clarius Group LLC now owns 8,031 shares of the pipeline company’s stock worth $289,000 after purchasing an additional 1,617 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Enbridge by 5.7% in the 4th quarter. Private Trust Co. NA now owns 8,834 shares of the pipeline company’s stock valued at $318,000 after purchasing an additional 473 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Enbridge by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 81,491,857 shares of the pipeline company’s stock valued at $2,704,715,000 after purchasing an additional 4,400,848 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Enbridge by 323.4% during the 4th quarter. International Assets Investment Management LLC now owns 665,413 shares of the pipeline company’s stock worth $239,680,000 after buying an additional 508,258 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 $0.40 on Wednesday, reaching $36.21. The company had a trading volume of 470,403 shares, compared to its average volume of 5,646,458. The stock has a market capitalization of $77.27 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 3.34 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. The business’s 50-day moving average is $36.01 and its 200 day moving average is $35.63. Enbridge Inc. has a one year low of $31.03 and a one year high of $38.37.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, May 10th. The pipeline company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.09. The company had revenue of $8.19 billion during the quarter, compared to the consensus estimate of $9 billion. Enbridge had a net margin of 13.59% and a return on equity of 10.53%. Equities research analysts forecast that Enbridge Inc. will post 2.13 EPS for the current fiscal year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.677 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.66. This represents a $2.71 annualized dividend and a dividend yield of 7.48%. The ex-dividend date of this dividend was Tuesday, May 14th. Enbridge’s payout ratio is 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.