Enbridge Inc. (NYSE:ENB) Holdings Raised by Demars Financial Group LLC

Demars Financial Group LLC increased its stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 4,131.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 897,539 shares of the pipeline company's stock after buying an additional 876,328 shares during the period. Demars Financial Group LLC's holdings in Enbridge were worth $38,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ENB. Metis Global Partners LLC increased its stake in Enbridge by 4.0% during the fourth quarter. Metis Global Partners LLC now owns 206,921 shares of the pipeline company's stock worth $8,782,000 after acquiring an additional 7,986 shares during the last quarter. Aviso Financial Inc. lifted its holdings in shares of Enbridge by 4.3% during the 4th quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company's stock valued at $60,152,000 after acquiring an additional 58,176 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Enbridge by 70.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,296,374 shares of the pipeline company's stock valued at $52,648,000 after buying an additional 536,818 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Enbridge by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock valued at $3,888,507,000 after purchasing an additional 3,611,421 shares during the period. Finally, Sound Income Strategies LLC lifted its holdings in Enbridge by 8.6% in the 4th quarter. Sound Income Strategies LLC now owns 631,820 shares of the pipeline company's stock worth $26,808,000 after buying an additional 49,800 shares in the last quarter. Hedge funds and other institutional investors own 54.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. TD Securities started coverage on shares of Enbridge in a research note on Wednesday, January 15th. They issued a "buy" rating for the company. CIBC reaffirmed an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Citigroup initiated coverage on Enbridge in a report on Friday, April 4th. They issued a "buy" rating for the company. Finally, Royal Bank of Canada boosted their target price on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.00.

Enbridge Stock Performance

NYSE ENB traded down $0.29 on Monday, hitting $45.08. The stock had a trading volume of 866,499 shares, compared to its average volume of 4,352,255. The company's 50-day moving average is $43.15 and its two-hundred day moving average is $42.81. 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 stock has a market cap of $98.24 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 3.92 and a beta of 0.80. Enbridge Inc. has a one year low of $34.60 and a one year high of $46.12.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.23. The company had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same period in the prior year, the business posted $0.64 EPS. On average, analysts expect that Enbridge Inc. will post 2.14 earnings per share for the current year.

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.