Hexagon Capital Partners LLC Has $211,000 Position in Enbridge Inc. (NYSE:ENB)

Hexagon Capital Partners LLC increased its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 46.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,834 shares of the pipeline company’s stock after buying an additional 1,845 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Enbridge were worth $211,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Qube Research & Technologies Ltd boosted its holdings in shares of Enbridge by 4.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 94,966 shares of the pipeline company’s stock valued at $3,152,000 after purchasing an additional 4,120 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of Enbridge by 31.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 103,401 shares of the pipeline company’s stock worth $3,432,000 after purchasing an additional 24,600 shares during the last quarter. Waverly Advisors LLC increased its stake in shares of Enbridge by 8.7% in the third quarter. Waverly Advisors LLC now owns 7,571 shares of the pipeline company’s stock valued at $254,000 after buying an additional 603 shares during the period. Insigneo Advisory Services LLC bought a new position in Enbridge in the 3rd quarter valued at approximately $378,000. Finally, Truist Financial Corp boosted its position in Enbridge by 1.7% during the 3rd quarter. Truist Financial Corp now owns 1,544,835 shares of the pipeline company’s stock worth $51,273,000 after buying an additional 25,088 shares during the period. Institutional investors own 54.60% of the company’s stock.

Enbridge Trading Down 0.9 %

Shares of NYSE ENB opened at $35.26 on Tuesday. The firm has a 50 day moving average price of $36.01 and a two-hundred day moving average price of $35.63. The stock has a market cap of $75.24 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 3.34 and a beta of 0.92. Enbridge Inc. has a 52-week low of $31.03 and a 52-week high of $38.37. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.59 and a current ratio of 0.68.

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

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Wednesday, May 15th were paid a $0.677 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.66. This represents a $2.71 dividend on an annualized basis and a dividend yield of 7.68%. The ex-dividend date of this dividend was Tuesday, May 14th. Enbridge’s payout ratio is currently 136.04%.

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.