Applied Capital LLC FL Has $936,000 Stock Position in Enbridge Inc. (NYSE:ENB)

Applied Capital LLC FL boosted its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 89.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,871 shares of the pipeline company’s stock after acquiring an additional 12,188 shares during the period. Applied Capital LLC FL’s holdings in Enbridge were worth $936,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. bought a new position in Enbridge in the fourth quarter worth approximately $25,000. Baystate Wealth Management LLC boosted its holdings in Enbridge by 836.4% in the fourth quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 644 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new position in Enbridge in the fourth quarter worth approximately $28,000. Financial Gravity Asset Management Inc. boosted its holdings in Enbridge by 2,294.6% in the third quarter. Financial Gravity Asset Management Inc. now owns 886 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 849 shares in the last quarter. Finally, PFS Partners LLC boosted 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 acquiring an additional 451 shares in the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Up 1.2 %

NYSE:ENB traded up $0.42 on Tuesday, hitting $35.69. The stock had a trading volume of 2,446,486 shares, compared to its average volume of 5,669,150. Enbridge Inc. has a 52 week low of $31.03 and a 52 week high of $38.37. The company has a quick ratio of 0.59, a current ratio of 0.68 and a debt-to-equity ratio of 1.35. The business’s fifty day moving average is $36.01 and its 200 day moving average is $35.63. The company has a market cap of $76.16 billion, a PE ratio of 18.10, a P/E/G ratio of 3.34 and a beta of 0.92.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, May 10th. The pipeline company reported $0.68 earnings per share 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 company had revenue of $8.19 billion for the quarter, compared to analyst estimates of $9 billion. On average, equities research analysts expect that Enbridge Inc. will post 2.13 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th were issued a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 7.59%. 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 currently 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.