Lloyd Advisory Services LLC. Takes $211,000 Position in Enbridge Inc. (NYSE:ENB)

Lloyd Advisory Services LLC. acquired a new position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) during the second quarter, HoldingsChannel.com reports. The fund acquired 5,917 shares of the pipeline company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ENB. TruNorth Capital Management LLC bought a new stake in Enbridge during the second quarter valued at $28,000. Ameritas Investment Partners Inc. bought a new stake in shares of Enbridge during the 1st quarter valued at about $29,000. Richardson Financial Services Inc. acquired a new stake in Enbridge during the first quarter worth approximately $31,000. PFS Partners LLC increased its holdings in Enbridge by 95.8% in 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 in the last quarter. Finally, Northwest Bank & Trust Co bought a new stake in Enbridge in the fourth quarter worth approximately $34,000. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Price Performance

Enbridge stock opened at $40.40 on Friday. The stock has a market capitalization of $86.20 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 3.90 and a beta of 0.92. Enbridge Inc. has a 52-week low of $31.03 and a 52-week high of $40.81. 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 stock’s 50 day moving average price is $37.81 and its two-hundred day moving average price is $36.37.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results 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. The business had revenue of $8.29 billion for the quarter, compared to analyst estimates 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 firm earned $0.51 earnings per share. On average, equities analysts predict that Enbridge Inc. will post 2.06 earnings per share for the current year.

Enbridge Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th were given a dividend of $0.669 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.62%. Enbridge’s dividend payout ratio (DPR) is presently 134.01%.

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.