SMH Capital Advisors Inc. Buys Shares of 15,506 Enbridge Inc. (NYSE:ENB)

SMH Capital Advisors Inc. bought a new stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,506 shares of the pipeline company’s stock, valued at approximately $552,000. Enbridge accounts for 1.7% of SMH Capital Advisors Inc.’s investment portfolio, making the stock its 11th biggest position.

Other hedge funds have also modified their holdings of the company. TruNorth Capital Management LLC bought a new stake in Enbridge during the second quarter valued at about $28,000. Ameritas Investment Partners Inc. bought a new stake in shares of Enbridge in the first quarter valued at about $29,000. Richardson Financial Services Inc. acquired a new position in Enbridge in the first quarter worth about $31,000. PFS Partners LLC raised its position in Enbridge by 95.8% in the first 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. Finally, Northwest Bank & Trust Co acquired a new position in Enbridge in the fourth quarter worth about $34,000. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Stock Performance

NYSE ENB opened at $40.52 on Thursday. The firm has a market cap of $86.45 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 50 day moving average of $38.61 and a 200-day moving average of $36.72. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.34. Enbridge Inc. has a 1-year low of $31.03 and a 1-year high of $41.22.

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, beating the consensus estimate of $0.45 by $0.13. Enbridge had a net margin of 13.31% and a return on equity of 10.07%. The business had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. On average, equities analysts forecast that Enbridge Inc. will post 2.06 earnings per share for the current fiscal year.

Enbridge Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th were issued a $0.669 dividend. This represents a $2.68 annualized dividend and a dividend yield of 6.60%. The ex-dividend date was Thursday, August 15th. Enbridge’s dividend payout ratio (DPR) is 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.