5,917 Shares in Enbridge Inc. (NYSE:ENB) Purchased by Lloyd Advisory Services LLC.

Lloyd Advisory Services LLC. acquired a new position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,917 shares of the pipeline company’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Rockwood Wealth Management LLC lifted its position in shares of Enbridge by 2.6% during the 2nd quarter. Rockwood Wealth Management LLC now owns 11,107 shares of the pipeline company’s stock worth $395,000 after buying an additional 285 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Enbridge by 3.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,269 shares of the pipeline company’s stock worth $294,000 after acquiring an additional 298 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in shares of 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 purchasing an additional 298 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in shares of 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 purchasing an additional 314 shares during the last quarter. Finally, RFG Advisory LLC increased 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 purchasing an additional 325 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Trading Down 0.1 %

Shares of ENB stock opened at $40.40 on Friday. Enbridge Inc. has a twelve month low of $31.03 and a twelve month high of $40.81. The stock’s fifty day simple moving average is $37.81 and its 200 day simple moving average is $36.37. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $86.20 billion, a P/E ratio of 20.51, a P/E/G ratio of 3.90 and a beta of 0.92.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, August 2nd. The pipeline company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.13. The company had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Enbridge had a return on equity of 10.07% and a net margin of 13.31%. During the same period in the previous year, the business posted $0.51 earnings per share. As a group, sell-side analysts predict that Enbridge Inc. will post 2.06 EPS for the current fiscal year.

Enbridge Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th were given a $0.669 dividend. This represents a $2.68 annualized dividend and a yield of 6.62%. The ex-dividend date was Thursday, August 15th. Enbridge’s dividend payout ratio (DPR) is currently 134.01%.

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.