<div id="readability-page-1"><p>Foster Victor Wealth Advisors LLC increased its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) <span>TSE: ENB<span></span></span> by 52.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 251,168 shares of the pipeline company's stock after acquiring an additional 86,197 shares during the period. Foster Victor Wealth Advisors LLC's holdings in Enbridge were worth $9,045,000 at the end of the most recent quarter.</p><ul><li>Refiners, transporters surge: Niche energy markets defy oil slump</li></ul><p>A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Canoe Financial LP increased its holdings in Enbridge by 80,631.1% during the 4th quarter. Canoe Financial LP now owns 33,460,611 shares of the pipeline company's stock worth $1,205,251,000 after purchasing an additional 33,419,164 shares during the period. Norges Bank purchased a new position in Enbridge during the 4th quarter worth $714,662,000. TD Asset Management Inc increased its holdings in Enbridge by 24.9% during the 4th quarter. TD Asset Management Inc now owns 37,749,760 shares of the pipeline company's stock worth $1,365,583,000 after purchasing an additional 7,536,678 shares during the period. M&amp;G Plc purchased a new position in Enbridge during the 1st quarter worth $152,843,000. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Enbridge by 66.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 9,044,864 shares of the pipeline company's stock valued at $327,172,000 after acquiring an additional 3,624,089 shares during the period. 54.60% of the stock is owned by institutional investors. </p><h2>Enbridge Stock Up 0.3 %</h2><p>Shares of NYSE:ENB traded up $0.13 on Friday, reaching $38.70. The company had a trading volume of 3,323,491 shares, compared to its average volume of 5,453,265. Enbridge Inc. has a 52-week low of $31.03 and a 52-week high of $39.72. The firm's 50 day simple moving average is $36.43 and its 200-day simple moving average is $35.84. The firm has a market capitalization of $82.58 billion, a PE ratio of 19.64, a PEG ratio of 3.55 and a beta of 0.92. The company has a current ratio of 0.68, a quick ratio of 0.59 and a debt-to-equity ratio of 1.35. </p><br/><ul><li>MarketBeat Week in Review – 9/11 - 9/15</li></ul><p>Enbridge (NYSE:ENB - Get Free Report) <span>TSE: ENB<span></span></span> last announced its quarterly earnings results on Friday, August 2nd. The pipeline company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.13. Enbridge had a return on equity of 10.53% and a net margin of 13.59%. The business had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same period last year, the business posted $0.51 EPS. As a group, analysts expect that Enbridge Inc. will post 2.12 earnings per share for the current fiscal year. </p><h2>Enbridge Cuts Dividend</h2><p>The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th will be given a $0.669 dividend. The ex-dividend date is Thursday, August 15th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.91%. Enbridge's payout ratio is 134.01%. </p><h2>Enbridge Profile</h2> (Free Report)<ul><li>Is Enbridge Stock Too Cheap to Pass Up Now?</li></ul><p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Enbridge</li><li>3 Stocks to Protect Your Portfolio from the Coronavirus Contagion </li><li>Bumble's Valuation Hits an All-Time Low, Can Its Fortunes Change?</li><li>Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?</li><li>MarketBeat Week in Review – 8/12 - 8/16</li><li>Insider Buying Explained: What Investors Need to Know</li><li>JD.com Earnings Surprise: China’s Outlook Better Than Expected</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVOQg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVOQg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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<p>Foster Victor Wealth Advisors LLC has increased its stake in Enbridge Inc. (NYSE: ENB) by 52.2%, acquiring an additional 86,197 shares, bringing its total to 251,168 shares, valued at $4,045,000. Various institutional investors, including Canoe Financial LP and Canada Pension Plan Investment Board, have also increased their holdings. Enbridge's stock saw a minor rise of 0.3%. The company reported better-than-expected earnings in its last quarterly results, with an EPS of $0.58, and declared a dividend yield of 6.91%.</p>

Foster Victor Wealth Advisors LLC Acquires 86,197 Shares of Enbridge Inc. (NYSE:ENB)