Advisory Alpha LLC Makes New $279,000 Investment in Enbridge Inc. (NYSE:ENB)

Advisory Alpha LLC acquired a new stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 7,698 shares of the pipeline company’s stock, valued at approximately $279,000.

Other institutional investors have also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. acquired a new position in Enbridge during the 4th quarter valued at about $25,000. Baystate Wealth Management LLC grew its stake in shares of Enbridge by 836.4% during the fourth quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 644 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new position in shares of Enbridge during the fourth quarter valued at about $28,000. Richardson Financial Services Inc. purchased a new position in shares of Enbridge in the 1st quarter valued at approximately $31,000. Finally, PFS Partners LLC boosted its stake in Enbridge by 95.8% in the 1st quarter. PFS Partners LLC now owns 922 shares of the pipeline company’s stock worth $33,000 after purchasing an additional 451 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Stock Up 0.8 %

NYSE:ENB opened at $36.10 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.59 and a debt-to-equity ratio of 1.35. Enbridge Inc. has a twelve month low of $31.03 and a twelve month high of $38.37. The company has a market cap of $77.03 billion, a PE ratio of 18.32, a P/E/G ratio of 3.36 and a beta of 0.92. The company’s 50 day moving average is $35.98 and its two-hundred day moving average is $35.63.

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

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th were issued a $0.677 dividend. The ex-dividend date was Tuesday, May 14th. 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 7.50%. Enbridge’s dividend payout ratio is currently 136.04%.

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.