Enbridge (NYSE:ENB) Reaches New 12-Month High at $39.76

Shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) hit a new 52-week high on Monday . The stock traded as high as $39.76 and last traded at $39.76, with a volume of 4649 shares changing hands. The stock had previously closed at $39.66.

Enbridge Price Performance

The firm has a market capitalization of $84.99 billion, a PE ratio of 20.13, a PEG ratio of 3.55 and a beta of 0.92. The stock has a 50-day moving average price of $36.81 and a 200 day moving average price of $35.99. The company has a quick ratio of 0.59, a current ratio of 0.68 and a debt-to-equity ratio of 1.35.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, August 2nd. The pipeline company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.13. The business had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Enbridge had a return on equity of 10.53% and a net margin of 13.59%. During the same period in the previous year, the business earned $0.51 earnings per share. Equities analysts forecast that Enbridge Inc. will post 2.12 EPS for the current fiscal year.

Enbridge Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th will be given a $0.669 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date is Thursday, August 15th. Enbridge’s dividend payout ratio (DPR) is presently 134.01%.

Institutional Trading of Enbridge

A number of institutional investors and hedge funds have recently made changes to their positions in ENB. TruNorth Capital Management LLC purchased a new stake in shares of Enbridge during the second quarter worth approximately $28,000. William B. Walkup & Associates Inc. purchased a new stake in shares of Enbridge during the second quarter worth approximately $28,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Enbridge during the first quarter worth approximately $29,000. Richardson Financial Services Inc. acquired a new position in Enbridge during the first quarter worth $31,000. Finally, PFS Partners LLC grew its holdings in Enbridge by 95.8% in the 1st quarter. PFS Partners LLC now owns 922 shares of the pipeline company’s stock valued at $33,000 after buying an additional 451 shares in the last quarter. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

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.