Key Client Fiduciary Advisors LLC Invests $207,000 in Enbridge Inc. (NYSE:ENB)

Key Client Fiduciary Advisors LLC acquired a new position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,708 shares of the pipeline company’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also modified their holdings of ENB. BOK Financial Private Wealth Inc. acquired a new stake in shares of Enbridge in the fourth quarter worth $25,000. Baystate Wealth Management LLC lifted its stake in shares of Enbridge by 836.4% in the fourth quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock worth $26,000 after buying an additional 644 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Enbridge in the fourth quarter worth $28,000. Financial Gravity Asset Management Inc. raised its stake in Enbridge by 2,294.6% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 886 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 849 shares during the last quarter. Finally, Planned Solutions Inc. acquired a new position in Enbridge during the 4th quarter valued at $34,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Price Performance

NYSE:ENB opened at $35.27 on Friday. The stock has a market cap of $75.25 billion, a P/E ratio of 17.90, a PEG ratio of 3.31 and a beta of 0.90. Enbridge Inc. has a one year low of $31.03 and a one year high of $38.37. The company has a fifty day moving average price of $35.97 and a 200 day moving average price of $35.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.68 and a quick ratio of 0.59.

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

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th were issued a $0.677 dividend. 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. This represents a $2.71 annualized dividend and a dividend yield of 7.68%. Enbridge’s dividend payout ratio is presently 136.04%.

Enbridge Company 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.