BKM Wealth Management LLC Has $622,000 Holdings in Enbridge Inc. (NYSE:ENB)

BKM Wealth Management LLC increased its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 23.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,180 shares of the pipeline company’s stock after purchasing an additional 3,291 shares during the period. BKM Wealth Management LLC’s holdings in Enbridge were worth $622,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Successful Portfolios LLC grew its stake in shares of Enbridge by 17.9% during the first quarter. Successful Portfolios LLC now owns 7,373 shares of the pipeline company’s stock worth $267,000 after purchasing an additional 1,122 shares during the period. River Street Advisors LLC lifted its holdings in Enbridge by 7.0% during the first quarter. River Street Advisors LLC now owns 22,847 shares of the pipeline company’s stock worth $827,000 after acquiring an additional 1,498 shares in the last quarter. Founders Financial Securities LLC lifted its holdings in Enbridge by 7.7% during the first quarter. Founders Financial Securities LLC now owns 51,178 shares of the pipeline company’s stock worth $1,852,000 after acquiring an additional 3,681 shares in the last quarter. Vicus Capital bought a new position in Enbridge during the first quarter worth about $310,000. Finally, Alpha Omega Wealth Management LLC lifted its holdings in Enbridge by 3.3% during the first quarter. Alpha Omega Wealth Management LLC now owns 133,259 shares of the pipeline company’s stock worth $4,821,000 after acquiring an additional 4,252 shares in the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Trading Down 0.4 %

ENB stock traded down $0.15 during midday trading on Monday, hitting $35.44. 1,332,462 shares of the company’s stock were exchanged, compared to its average volume of 5,677,481. The stock’s fifty day moving average price is $36.01 and its 200-day moving average price is $35.63. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.59 and a current ratio of 0.68. The company has a market cap of $75.63 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 3.34 and a beta of 0.92. Enbridge Inc. has a one year low of $31.03 and a one year high of $38.37.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, May 10th. The pipeline company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.09. The company had revenue of $8.19 billion for the quarter, compared to analyst estimates of $9 billion. Enbridge had a return on equity of 10.53% and a net margin of 13.59%. Research analysts predict that Enbridge Inc. will post 2.13 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The company also recently declared 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 7.64%. This is a positive change from Enbridge’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Tuesday, May 14th. Enbridge’s payout ratio is 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.