Epoch Investment Partners Inc. Cuts Stake in Enbridge Inc. (NYSE:ENB)

Epoch Investment Partners Inc. decreased its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,045 shares of the pipeline company’s stock after selling 772 shares during the period. Epoch Investment Partners Inc.’s holdings in Enbridge were worth $2,706,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Rockwood Wealth Management LLC boosted its position in shares of Enbridge by 2.6% in the second quarter. Rockwood Wealth Management LLC now owns 11,107 shares of the pipeline company’s stock worth $395,000 after acquiring an additional 285 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Enbridge by 3.7% during the second 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 valued at $649,000 after purchasing an additional 298 shares during the last quarter. Perigon Wealth Management LLC grew its stake 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 buying an additional 314 shares during the period. Finally, RFG Advisory LLC increased its holdings in shares of 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 buying an additional 325 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Trading Up 0.9 %

Shares of ENB opened at $40.89 on Tuesday. Enbridge Inc. has a twelve month low of $31.03 and a twelve month high of $41.22. The firm has a market capitalization of $87.24 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 3.91 and a beta of 0.94. 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’s fifty day simple moving average is $38.89 and its 200 day simple moving average is $36.85.

Enbridge (NYSE:ENB) (TSE:ENB) last released 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. Enbridge had a return on equity of 10.07% and a net margin of 13.31%. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same period last year, the business posted $0.51 EPS. On average, equities research analysts forecast that Enbridge Inc. will post 2.06 earnings per share for the current 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 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 yield of 6.55%. Enbridge’s dividend payout ratio (DPR) is 134.01%.

About Enbridge

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.