Enbridge Inc. (NYSE:ENB) Shares Purchased by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. raised its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 2.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 181,071 shares of the pipeline company’s stock after purchasing an additional 3,817 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Enbridge were worth $6,446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ENB. TruNorth Capital Management LLC acquired a new position in Enbridge during the second quarter worth approximately $28,000. Ameritas Investment Partners Inc. acquired a new position in Enbridge during the first quarter worth approximately $29,000. Richardson Financial Services Inc. acquired a new position in Enbridge during the first quarter worth approximately $31,000. PFS Partners LLC increased its position in 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 last quarter. Finally, Northwest Bank & Trust Co acquired a new position in Enbridge during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Stock Performance

Shares of ENB stock opened at $40.73 on Monday. Enbridge Inc. has a one year low of $31.03 and a one year high of $40.83. 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 50 day moving average price of $38.29 and a 200 day moving average price of $36.60. The firm has a market capitalization of $88.69 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 3.91 and a beta of 0.94.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, August 2nd. The pipeline company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.13. Enbridge had a net margin of 13.31% and a return on equity of 10.07%. The company had revenue of $8.29 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. Sell-side analysts anticipate that Enbridge Inc. will post 2.06 EPS for the current year.

Enbridge Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th were given a $0.669 dividend. This represents a $2.68 annualized dividend and a dividend yield of 6.57%. The ex-dividend date was Thursday, August 15th. Enbridge’s payout ratio is currently 134.01%.

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.