Mercer Global Advisors Inc. ADV Raises Holdings in Enbridge Inc. (NYSE:ENB)

Mercer Global Advisors Inc. ADV increased its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 4.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,941 shares of the pipeline company’s stock after buying an additional 3,894 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Enbridge were worth $3,272,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new position in shares of Enbridge during the 2nd quarter valued at approximately $28,000. Ameritas Investment Partners Inc. purchased a new position in shares of Enbridge in the 1st quarter worth $29,000. Richardson Financial Services Inc. bought a new stake in shares of Enbridge in the 1st quarter worth about $31,000. PFS Partners LLC raised its position in shares of 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 buying an additional 451 shares in the last quarter. Finally, Northwest Bank & Trust Co bought a new position in shares of Enbridge in the 4th quarter valued at about $34,000. 54.60% of the stock is owned by institutional investors.

Enbridge Trading Up 0.3 %

ENB opened at $40.52 on Monday. Enbridge Inc. has a 12 month low of $31.03 and a 12 month high of $41.22. 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 has a 50-day moving average of $38.79 and a 200 day moving average of $36.81. The firm has a market cap of $86.47 billion, a P/E ratio of 20.57, a P/E/G ratio of 3.91 and a beta of 0.94.

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

Enbridge Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th were paid a $0.669 dividend. This represents a $2.68 annualized dividend and a dividend yield of 6.60%. The ex-dividend date of this dividend was Thursday, August 15th. 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.