133,924 Shares in Enbridge Inc. (NYSE:ENB) Bought by Magnetar Financial LLC

Magnetar Financial LLC acquired a new stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 133,924 shares of the pipeline company’s stock, valued at approximately $4,766,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Rockwood Wealth Management LLC lifted its holdings in shares of Enbridge by 2.6% in the 2nd quarter. Rockwood Wealth Management LLC now owns 11,107 shares of the pipeline company’s stock valued at $395,000 after acquiring an additional 285 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Enbridge by 3.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 8,269 shares of the pipeline company’s stock worth $294,000 after purchasing an additional 298 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings 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 worth $649,000 after purchasing an additional 298 shares during the period. Perigon Wealth Management LLC increased its position 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 raised its holdings in Enbridge by 2.3% during the 2nd quarter. RFG Advisory LLC now owns 14,183 shares of the pipeline company’s stock valued at $505,000 after buying an additional 325 shares during the period. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge Stock Up 0.3 %

NYSE ENB opened at $40.52 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. Enbridge Inc. has a 52 week low of $31.03 and a 52 week high of $41.22. The firm has a market capitalization of $86.47 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 3.91 and a beta of 0.94. The company has a fifty day moving average of $38.79 and a two-hundred day moving average of $36.81.

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

Enbridge Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th were paid a dividend of $0.669 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.60%. Enbridge’s dividend payout ratio is 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.