<div id="readability-page-1"><p>UMB Bank n.a. lessened its position in Enbridge Inc. (NYSE:ENB - Free Report) <span>TSE: ENB<span></span></span> by 54.9% during the second quarter, according to the company in its most recent 13F filing with the Securities &amp; Exchange Commission. The firm owned 23,105 shares of the pipeline company's stock after selling 28,090 shares during the period. UMB Bank n.a.'s holdings in Enbridge were worth $822,000 at the end of the most recent reporting period.</p><ul><li>3 Best Dividend Stocks to Buy as Interest Rates Fall</li></ul><p>A number of other large investors have also modified their holdings of ENB. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Enbridge by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 882,507 shares of the pipeline company's stock valued at $31,389,000 after buying an additional 69,355 shares in the last quarter. Ridgewood Investments LLC bought a new position in Enbridge in the 2nd quarter valued at about $58,000. Arkadios Wealth Advisors bought a new position in Enbridge in the 2nd quarter valued at about $370,000. Whittier Trust Co. of Nevada Inc. grew its position in Enbridge by 3.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 8,269 shares of the pipeline company's stock valued at $294,000 after buying an additional 298 shares in the last quarter. Finally, HB Wealth Management LLC grew its position in Enbridge by 8.9% in the 2nd quarter. HB Wealth Management LLC now owns 8,811 shares of the pipeline company's stock valued at $314,000 after buying an additional 717 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company's stock. </p><h2>Enbridge Stock Performance</h2><p>Shares of ENB opened at $40.19 on Friday. The firm has a 50-day moving average price of $37.19 and a 200 day moving average price of $36.12. The firm has a market capitalization of $85.76 billion, a PE ratio of 20.40, a P/E/G ratio of 3.55 and a beta of 0.92. The company has a quick ratio of 0.59, a current ratio of 0.68 and a debt-to-equity ratio of 1.35. Enbridge Inc. has a 52-week low of $31.03 and a 52-week high of $40.32. </p><br/><ul><li>Refiners, transporters surge: Niche energy markets defy oil slump</li></ul><p>Enbridge (NYSE:ENB - Get Free Report) <span>TSE: ENB<span></span></span> last announced its 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. The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $4.28 billion. Enbridge had a net margin of 13.59% and a return on equity of 10.53%. During the same quarter in the prior year, the firm posted $0.51 EPS. On average, sell-side analysts anticipate 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 dividend of $0.669 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $2.68 annualized dividend and a dividend yield of 6.66%. Enbridge's dividend payout ratio (DPR) is 134.01%. </p><h2>About Enbridge</h2> (Free Report)<ul><li>MarketBeat Week in Review – 9/11 - 9/15</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>See Also</h2><ul><li>Five stocks we like better than Enbridge</li><li>3 Fintech Stocks With Good 2021 Prospects</li><li>The Solar Stock Battle: Is Daqo or JinkoSolar Your Next Big Win?</li><li>What is a buyback in stocks? A comprehensive guide for investors</li><li>Are These Chinese Stocks a Buy? Michael Burry’s Top Picks Say Yes</li><li>How to Most Effectively Use the MarketBeat Earnings Screener</li><li>Five Below Stock Faces Challenges Despite Strong Revenue Growth</li></ul><p><strong>Want to see what other hedge funds are holding ENB?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enbridge Inc. (NYSE:ENB - Free Report) <span>TSE: ENB<span></span></span>.</p><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. This story was reviewed by MarketBeat's editorial team prior to publication. 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<p>UMB Bank n.a. sold 54.9% of its shares in Enbridge Inc. (NYSE:ENB) during Q2, now holding 23,105 shares valued at approximately $358,000. Other investors like Zurcher Kantonalbank and Ridgewood Investments adjusted their positions in Enbridge. The stock opened at $42.19 with a 50-day average of $42.19. Enbridge reported a Q2 EPS of $0.58, surpassing estimates, and revealed a dividend of $0.669 per share, with a yield of 6.66%. The company operates across various energy segments, including pipelines and renewable energy.</p>