Demars Financial Group LLC Has $38.08 Million Stock Position in Enbridge Inc. (NYSE:ENB)

Demars Financial Group LLC boosted its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 4,131.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 897,539 shares of the pipeline company’s stock after buying an additional 876,328 shares during the quarter. Demars Financial Group LLC’s holdings in Enbridge were worth $38,083,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ENB. apricus wealth LLC increased its position in Enbridge by 1.1% in the 4th quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company’s stock worth $875,000 after buying an additional 220 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of Enbridge by 0.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company’s stock worth $1,252,000 after acquiring an additional 227 shares during the last quarter. Armstrong Advisory Group Inc. increased its position in Enbridge by 3.2% during the fourth quarter. Armstrong Advisory Group Inc. now owns 7,508 shares of the pipeline company’s stock worth $319,000 after acquiring an additional 230 shares during the period. Wintrust Investments LLC boosted its holdings in Enbridge by 47.8% in the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 238 shares during the period. Finally, Eagle Bay Advisors LLC grew its position in Enbridge by 10.6% in the 4th quarter. Eagle Bay Advisors LLC now owns 2,507 shares of the pipeline company’s stock worth $106,000 after purchasing an additional 240 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Trading Up 0.7 %

Shares of Enbridge stock opened at $44.61 on Thursday. The stock has a market capitalization 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. Enbridge Inc. has a 12-month low of $32.86 and a 12-month high of $46.12. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. The company has a 50-day simple moving average of $43.14 and a 200 day simple moving average 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 return on equity of 10.16% and a net margin of 10.04%. The company had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Research analysts expect that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ENB. Citigroup started coverage on shares of Enbridge in a research note on Friday, April 4th. They issued a “buy” rating for the company. TD Securities began coverage on Enbridge in a research report on Wednesday, January 15th. They issued a “buy” rating for the company. CIBC restated an “outperform” rating on shares of Enbridge in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada upped their target price on Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.00.

About Enbridge

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.