MADDEN SECURITIES Corp Buys 550 Shares of Enbridge Inc. (NYSE:ENB)

MADDEN SECURITIES Corp raised its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,151 shares of the pipeline company’s stock after acquiring an additional 550 shares during the quarter. Enbridge accounts for about 2.5% of MADDEN SECURITIES Corp’s investment portfolio, making the stock its 10th largest holding. MADDEN SECURITIES Corp’s holdings in Enbridge were worth $5,629,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Enbridge by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 84,280,486 shares of the pipeline company’s stock valued at $3,049,268,000 after purchasing an additional 1,227,031 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Enbridge by 0.9% during the first quarter. TD Asset Management Inc now owns 38,087,489 shares of the pipeline company’s stock valued at $1,377,708,000 after acquiring an additional 337,729 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of Enbridge by 3.9% during the first quarter. 1832 Asset Management L.P. now owns 36,649,579 shares of the pipeline company’s stock worth $1,325,982,000 after acquiring an additional 1,360,439 shares during the last quarter. Canoe Financial LP lifted its stake in shares of Enbridge by 80,631.1% in the fourth quarter. Canoe Financial LP now owns 33,460,611 shares of the pipeline company’s stock worth $1,205,251,000 after acquiring an additional 33,419,164 shares in the last quarter. Finally, Bank of Nova Scotia boosted its holdings in Enbridge by 6.8% in the fourth quarter. Bank of Nova Scotia now owns 29,995,342 shares of the pipeline company’s stock valued at $1,079,833,000 after purchasing an additional 1,910,302 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Stock Up 0.7 %

NYSE ENB traded up $0.28 during mid-day trading on Thursday, reaching $38.73. 3,911,906 shares of the company’s stock traded hands, compared to its average volume of 5,490,472. The company has a fifty day simple moving average of $36.10 and a 200-day simple moving average of $35.71. Enbridge Inc. has a 1-year low of $31.03 and a 1-year high of $38.83. The company has a market cap of $82.65 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 3.55 and a beta of 0.92. 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 (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, August 2nd. The pipeline company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.13. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $4.28 billion. Enbridge had a net margin of 13.59% and a return on equity of 10.53%. During the same quarter last year, the company earned $0.51 earnings per share. As a group, equities research analysts expect that Enbridge Inc. will post 2.12 EPS for the current year.

Enbridge Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th will be paid a $0.669 dividend. The ex-dividend date is Thursday, August 15th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.91%. Enbridge’s dividend payout ratio (DPR) is presently 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.