Ancora Advisors LLC Increases Position in Enbridge Inc. (NYSE:ENB)

Ancora Advisors LLC lifted its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,479 shares of the pipeline company’s stock after purchasing an additional 2,241 shares during the period. Ancora Advisors LLC’s holdings in Enbridge were worth $2,369,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sei Investments Co. boosted its holdings in Enbridge by 6.1% in the 1st quarter. Sei Investments Co. now owns 274,235 shares of the pipeline company’s stock worth $9,922,000 after buying an additional 15,650 shares during the last quarter. S.E.E.D. Planning Group LLC boosted its holdings in shares of Enbridge by 81.1% during the 4th quarter. S.E.E.D. Planning Group LLC now owns 229,663 shares of the pipeline company’s stock worth $8,272,000 after purchasing an additional 102,850 shares during the last quarter. Clarius Group LLC boosted its holdings in shares of Enbridge by 25.2% during the 4th quarter. Clarius Group LLC now owns 8,031 shares of the pipeline company’s stock worth $289,000 after purchasing an additional 1,617 shares during the last quarter. Private Trust Co. NA lifted its holdings in Enbridge by 5.7% in the fourth quarter. Private Trust Co. NA now owns 8,834 shares of the pipeline company’s stock valued at $318,000 after acquiring an additional 473 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Enbridge by 323.4% in the fourth quarter. International Assets Investment Management LLC now owns 665,413 shares of the pipeline company’s stock valued at $239,680,000 after acquiring an additional 508,258 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Trading Up 0.6 %

ENB opened at $37.42 on Thursday. Enbridge Inc. has a one year low of $31.03 and a one year high of $38.37. The stock has a market capitalization of $79.85 billion, a PE ratio of 18.99, a P/E/G ratio of 3.51 and a beta of 0.92. The business’s 50 day moving average price is $35.85 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 (NYSE:ENB) (TSE:ENB) last released 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 return on equity of 10.53% and a net margin of 13.59%. The firm had revenue of $8.19 billion for the quarter, compared to analysts’ expectations of $9 billion. As a group, equities research analysts expect that Enbridge Inc. will post 2.12 EPS for the current year.

Enbridge Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders 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 yield of 7.15%. The ex-dividend date of this dividend is Thursday, August 15th. Enbridge’s payout ratio is 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.