126,439 Shares in Enbridge Inc. (NYSE:ENB) Acquired by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC acquired a new stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 126,439 shares of the pipeline company’s stock, valued at approximately $4,500,000. Enbridge comprises approximately 1.2% of Drucker Wealth 3.0 LLC’s portfolio, making the stock its 22nd biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TruNorth Capital Management LLC bought a new position in Enbridge in the second quarter worth approximately $28,000. Ameritas Investment Partners Inc. bought a new position in shares of Enbridge during the 1st quarter worth $29,000. Richardson Financial Services Inc. purchased a new position in shares of Enbridge during the first quarter valued at $31,000. PFS Partners LLC raised its holdings in shares of Enbridge by 95.8% in the first quarter. PFS Partners LLC now owns 922 shares of the pipeline company’s stock valued at $33,000 after acquiring an additional 451 shares in the last quarter. Finally, Northwest Bank & Trust Co purchased a new stake in Enbridge in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Trading Up 0.6 %

NYSE ENB opened at $41.10 on Thursday. Enbridge Inc. has a one year low of $31.03 and a one year high of $41.22. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.68 and a current ratio of 0.77. The company has a market capitalization of $87.69 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 3.93 and a beta of 0.94. The company’s 50-day simple moving average is $38.99 and its two-hundred day simple moving average is $36.89.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, August 2nd. The pipeline company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.13. The company had revenue of $8.29 billion for the quarter, compared to analyst estimates of $4.28 billion. Enbridge had a net margin of 13.31% and a return on equity of 10.07%. During the same period last year, the company posted $0.51 earnings per share. Equities analysts forecast that Enbridge Inc. will post 2.08 EPS for the current fiscal year.

Enbridge Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Thursday, August 15th were given a dividend of $0.669 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date was Thursday, August 15th. Enbridge’s payout ratio is currently 134.01%.

About Enbridge

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.