2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company lowered its position in Enbridge Inc. ( NYSE:ENB – Free Report ) (TSE:ENB) by 6.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 20,925,507 shares of the pipeline company’s stock after selling 1,371,201 shares during the period. Enbridge accounts for 0.7% of The Manufacturers Life Insurance Company’s portfolio, making the stock its 25th largest holding.
The Manufacturers Life Insurance Company’s holdings in Enbridge were worth $743,420,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also modified their holdings of ENB. M&G Plc acquired a new position in Enbridge in the first quarter worth $152,843,000.
Cibc World Market Inc. lifted its position in Enbridge by 12.8% during the 2nd quarter.
Cibc World Market Inc. now owns 32,531,675 shares of the pipeline company’s stock worth $1,157,802,000 after buying an additional 3,693,495 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Enbridge by 66.
9% during the first quarter. Canada Pension Plan Investment Board now owns 9,044,864 shares of the pipeline company’s stock valued at $327,172,000 after purchasing an additional 3,624,089 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Enbridge by 11.
3% in the first quarter. National Bank of Canada FI now owns 21,664,748 shares of the pipeline company’s stock valued at $818,370,000 after purchasing an additional 2,203,123 shares in the last quarter. Finally, Morningstar Investment Services LLC raised its position in Enbridge by 129.
6% in the 4th quarter. Morningstar Investment Services LLC now owns 3,631,712 shares of the pipeline company’s stock worth $131,032,000 after purchasing an additional 2,049,712 shares during the last quarter. 54.
60% of the stock is owned by institutional investors and hedge funds. Enbridge Stock Performance Enbridge stock opened at $40.78 on Friday.
The company has a market cap of $87.01 billion, a PE ratio of 20.70, a PEG ratio of 3.
93 and a beta of 0.94. The company has a current ratio of 0.
77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.34.
Enbridge Inc. has a 1 year low of $31.03 and a 1 year high of $41.
22. The company’s 50-day moving average is $39.18 and its two-hundred day moving average is $36.
94. 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. The ex-dividend date was Thursday, August 15th. This represents a $2.
68 dividend on an annualized basis and a dividend yield of 6.56%. Enbridge’s payout ratio is 134.
01%. About Enbridge ( Free Report ) 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. Read More Want to see what other hedge funds are holding ENB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enbridge Inc.
( NYSE:ENB – Free Report ) (TSE:ENB). Receive News & Ratings for Enbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge and related companies with MarketBeat.com's FREE daily email newsletter .
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