First Bank & Trust Has $3.21 Million Stock Position in Enbridge Inc. (NYSE:ENB)

First Bank & Trust boosted its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 5.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 88,769 shares of the pipeline company’s stock after purchasing an additional 4,579 shares during the quarter. First Bank & Trust’s holdings in Enbridge were worth $3,212,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new stake in shares of Enbridge in the 4th quarter valued at about $25,000. Baystate Wealth Management LLC boosted its holdings in Enbridge by 836.4% in the fourth quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 644 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in Enbridge in the fourth quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. increased its holdings in shares of Enbridge by 2,294.6% during the third quarter. Financial Gravity Asset Management Inc. now owns 886 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 849 shares in the last quarter. Finally, PFS Partners LLC raised its position in shares of Enbridge by 95.8% during 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 during the period. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Stock Up 0.9 %

NYSE ENB traded up $0.33 during mid-day trading on Friday, hitting $35.59. The company’s stock had a trading volume of 4,374,256 shares, compared to its average volume of 4,628,726. The firm has a market capitalization of $75.95 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 3.31 and a beta of 0.90. The company’s 50 day simple moving average is $36.01 and its 200 day simple moving average is $35.63. 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 Inc. has a twelve month low of $31.03 and a twelve month high of $38.37.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, May 10th. The pipeline company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.09. The firm had revenue of $8.19 billion for the quarter, compared to analyst estimates of $9 billion. Enbridge had a net margin of 13.59% and a return on equity of 10.53%. Analysts anticipate that Enbridge Inc. will post 2.13 earnings per share for the current year.

Enbridge Increases Dividend

The business also recently disclosed 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. This is a positive change from Enbridge’s previous quarterly dividend of $0.66. This represents a $2.71 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date of this dividend was Tuesday, May 14th. Enbridge’s payout ratio is currently 136.04%.

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.