Demars Financial Group LLC Acquires 876,328 Shares of Enbridge Inc. (NYSE:ENB)

Demars Financial Group LLC raised its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 4,131.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 897,539 shares of the pipeline company’s stock after acquiring an additional 876,328 shares during the quarter. Demars Financial Group LLC’s holdings in Enbridge were worth $38,083,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. McIlrath & Eck LLC grew its stake in shares of Enbridge by 74.9% during the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 295 shares during the period. Albion Financial Group UT bought a new position in Enbridge during the fourth quarter worth about $29,000. Wintrust Investments LLC grew its position in shares of Enbridge by 47.8% during the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock worth $31,000 after buying an additional 238 shares during the period. Dixon Mitchell Investment Counsel Inc. increased its stake in shares of Enbridge by 149.9% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock valued at $41,000 after acquiring an additional 580 shares during the last quarter. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of Enbridge in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Trading Up 0.7 %

NYSE:ENB opened at $44.61 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. Enbridge Inc. has a twelve month low of $32.86 and a twelve month high of $46.12. The company has a market cap of $97.21 billion, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80. The business has a 50 day moving average price of $43.14 and a two-hundred day moving average price of $42.72.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The company had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the business posted $0.64 EPS. As a group, analysts expect that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. CIBC reiterated an “outperform” rating on shares of Enbridge in a report on Wednesday, March 5th. Royal Bank of Canada raised their price target on Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. TD Securities started coverage on Enbridge in a research note on Wednesday, January 15th. They set a “buy” rating for the company. Finally, Citigroup started coverage on shares of Enbridge in a report on Friday, April 4th. They issued a “buy” rating for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

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.