Blair William & Co. IL Has $4.35 Million Stock Holdings in Enbridge Inc. (NYSE:ENB)

Blair William & Co. IL lowered its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 122,292 shares of the pipeline company’s stock after selling 1,609 shares during the quarter. Blair William & Co. IL’s holdings in Enbridge were worth $4,352,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. TD Asset Management Inc grew its holdings in shares of Enbridge by 24.9% in the 4th quarter. TD Asset Management Inc now owns 37,749,760 shares of the pipeline company’s stock valued at $1,365,583,000 after buying an additional 7,536,678 shares during the period. M&G Plc bought a new stake in shares of Enbridge in the first quarter worth about $152,843,000. Cibc World Market Inc. raised its position in shares of Enbridge by 12.8% during the second quarter. Cibc World Market Inc. now owns 32,531,675 shares of the pipeline company’s stock worth $1,157,802,000 after purchasing an additional 3,693,495 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Enbridge by 66.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 9,044,864 shares of the pipeline company’s stock valued at $327,172,000 after purchasing an additional 3,624,089 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Enbridge by 15.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 21,932,752 shares of the pipeline company’s stock valued at $790,785,000 after purchasing an additional 2,895,742 shares during the period. Institutional investors own 54.60% of the company’s stock.

Enbridge Price Performance

NYSE ENB opened at $40.52 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.68 and a current ratio of 0.77. Enbridge Inc. has a 52-week low of $31.03 and a 52-week high of $41.22. The business has a 50 day simple moving average of $38.79 and a 200 day simple moving average of $36.80. The stock has a market cap of $86.47 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 3.91 and a beta of 0.94.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, August 2nd. The pipeline company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.13. The business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $4.28 billion. Enbridge had a net margin of 13.31% and a return on equity of 10.07%. During the same period last year, the business posted $0.51 earnings per share. Analysts anticipate that Enbridge Inc. will post 2.06 earnings per share for the current fiscal year.

Enbridge Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th were given 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 dividend yield of 6.60%. Enbridge’s dividend payout ratio 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.