Wealth Dimensions Group Ltd. Sells 688 Shares of Enbridge Inc. (NYSE:ENB)

Wealth Dimensions Group Ltd. lessened its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 4.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,198 shares of the pipeline company’s stock after selling 688 shares during the period. Wealth Dimensions Group Ltd.’s holdings in Enbridge were worth $576,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. TruNorth Capital Management LLC bought a new stake in shares of Enbridge in the 2nd quarter worth about $28,000. Ameritas Investment Partners Inc. bought a new stake in Enbridge in the first quarter worth about $29,000. Richardson Financial Services Inc. purchased a new position in shares of Enbridge during the first quarter valued at approximately $31,000. PFS Partners LLC grew its stake in shares of Enbridge by 95.8% during the first quarter. PFS Partners LLC now owns 922 shares of the pipeline company’s stock valued at $33,000 after buying an additional 451 shares during the last quarter. Finally, Northwest Bank & Trust Co purchased a new stake in shares of Enbridge in the fourth quarter worth approximately $34,000. 54.60% of the stock is currently owned by institutional investors.

Enbridge Price Performance

ENB opened at $40.73 on Monday. The business has a fifty day moving average of $38.29 and a 200 day moving average of $36.60. The stock has a market cap of $88.69 billion, a P/E ratio of 20.68, a PEG ratio of 3.91 and a beta of 0.94. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. Enbridge Inc. has a 52-week low of $31.03 and a 52-week high of $40.83.

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

Enbridge Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Thursday, August 15th were paid a $0.669 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.68 annualized dividend and a yield of 6.57%. Enbridge’s dividend payout ratio (DPR) 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.