Enbridge Inc (ENB) To Go Ex-Dividend on November 13th

Enbridge Inc (NYSE:ENB) (TSE:ENB) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Friday, November 13th will be paid a dividend of C$0.97 per share by the pipeline company on Tuesday, December 1st. This represents a $3.88 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Friday, November 13th.

Enbridge has decreased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 2 years. Enbridge has a payout ratio of 121.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Enbridge to earn $2.28 per share next year, which means the company may not be able to cover its $2.77 annual dividend with an expected future payout ratio of 121.5%.

Enbridge Stock Up 0.7%

ENB stock opened at $47.74 on Wednesday. Enbridge has a one year low of $45.03 and a one year high of $58.45. The firm has a market cap of $106.41 billion, a PE ratio of 21.64, a PEG ratio of 5.69 and a beta of 0.59. The firm’s 50 day moving average price is $47.99 and its 200-day moving average price is $52.18. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.66 and a current ratio of 0.81.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, November 6th. The pipeline company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $21.08 billion during the quarter, compared to analyst estimates of $9.62 billion. Enbridge had a return on equity of 11.56% and a net margin of 7.37%. On average, equities research analysts anticipate that Enbridge will post 2.08 EPS for the current year.

Institutional Investors Weigh In On Enbridge

A number of large investors have recently modified their holdings of ENB. Arlington Trust Co LLC grew its stake in shares of Enbridge by 114.6% during the second quarter. Arlington Trust Co LLC now owns 500 shares of the pipeline company’s stock worth $27,000 after purchasing an additional 267 shares in the last quarter. GK Wealth Management LLC acquired a new position in Enbridge in the third quarter valued at $25,000. Signature Equity Partners LLC boosted its stake in Enbridge by 476.5% in the third quarter. Signature Equity Partners LLC now owns 588 shares of the pipeline company’s stock valued at $27,000 after acquiring an additional 486 shares in the last quarter. Quintet Private Bank Europe S.A. boosted its stake in Enbridge by 100.0% in the third quarter. Quintet Private Bank Europe S.A. now owns 600 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 300 shares in the last quarter. Finally, City Holding Co. grew its holdings in shares of Enbridge by 121.5% during the second quarter. City Holding Co. now owns 649 shares of the pipeline company’s stock worth $35,000 after purchasing an additional 356 shares during the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge Company Profile

Enbridge Inc. is a North American energy infrastructure company that transports and distributes energy. Its businesses include crude oil and liquids pipelines, natural gas transmission and storage, and natural gas utilities that serve homes and businesses. Founded in 1949 as Interprovincial Pipe Line Company, Enbridge has grown into a cross-border operator serving customers and energy markets in Canada and the United States. Its infrastructure moves crude oil, natural gas and natural gas liquids, connecting producers with refineries, utilities and other markets.