Enbridge Inc. (NYSE:ENB) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lessened its holdings in shares of Enbridge Inc. (NYSE:ENBFree Report) (TSE:ENB) by 15.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,072 shares of the pipeline company’s stock after selling 1,330 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Enbridge were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its holdings in Enbridge by 9.2% during the first quarter. Sound Income Strategies LLC now owns 512,554 shares of the pipeline company’s stock worth $18,544,000 after buying an additional 43,003 shares in the last quarter. Affinity Capital Advisors LLC acquired a new position in Enbridge in the 1st quarter worth about $473,000. CGN Advisors LLC boosted its position in Enbridge by 4.1% during the first quarter. CGN Advisors LLC now owns 69,058 shares of the pipeline company’s stock worth $2,499,000 after purchasing an additional 2,693 shares in the last quarter. Miller Howard Investments Inc. NY increased its position in shares of Enbridge by 10.5% in the first quarter. Miller Howard Investments Inc. NY now owns 774,931 shares of the pipeline company’s stock valued at $28,037,000 after buying an additional 73,391 shares in the last quarter. Finally, Pacifica Partners Inc. raised its stake in shares of Enbridge by 1.0% during the 1st quarter. Pacifica Partners Inc. now owns 61,610 shares of the pipeline company’s stock worth $2,211,000 after buying an additional 601 shares during the period. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Price Performance

Enbridge stock opened at $35.59 on Friday. The stock has a market capitalization of $75.93 billion, a P/E ratio of 18.06, a P/E/G ratio of 3.31 and a beta of 0.90. The company’s fifty day moving average price is $36.01 and its 200 day moving average price is $35.63. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.59 and a current ratio of 0.68. Enbridge Inc. has a 1 year low of $31.03 and a 1 year high of $38.37.

Enbridge (NYSE:ENBGet Free Report) (TSE:ENB) last released its earnings results on Friday, May 10th. The pipeline company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.09. The business had revenue of $8.19 billion during the quarter, compared to analysts’ expectations of $9 billion. Enbridge had a net margin of 13.59% and a return on equity of 10.53%. As a group, equities research analysts anticipate that Enbridge Inc. will post 2.13 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.677 per share. The ex-dividend date was Tuesday, May 14th. This represents a $2.71 dividend on an annualized basis and a dividend yield of 7.61%. This is a boost from Enbridge’s previous quarterly dividend of $0.66. Enbridge’s dividend payout ratio is presently 136.04%.

Enbridge Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

Receive News & Ratings for Enbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge and related companies with MarketBeat.com's FREE daily email newsletter.