Register Financial Advisors LLC Takes $83,000 Position in Enbridge Inc. (NYSE:ENB)

Register Financial Advisors LLC acquired a new position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,307 shares of the pipeline company’s stock, valued at approximately $83,000.

Several other institutional investors have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. bought a new position in shares of Enbridge in the fourth quarter worth about $25,000. Baystate Wealth Management LLC grew its holdings in Enbridge by 836.4% in the 4th quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock valued at $26,000 after buying an additional 644 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in Enbridge in the 4th quarter worth approximately $28,000. Financial Gravity Asset Management Inc. lifted 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 worth $29,000 after buying an additional 849 shares during the last quarter. Finally, PFS Partners LLC boosted its position 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 during the period. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Performance

ENB stock traded up $0.33 on Friday, reaching $35.59. 4,374,237 shares of the company were exchanged, compared to its average volume of 5,708,933. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.68 and a quick ratio of 0.59. Enbridge Inc. has a 12 month low of $31.03 and a 12 month high of $38.37. The stock’s fifty day moving average price is $36.01 and its 200 day moving average price is $35.63. The firm has a market capitalization of $75.93 billion, a PE ratio of 18.06, a PEG ratio of 3.31 and a beta of 0.90.

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

Enbridge Increases Dividend

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

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.