Demars Financial Group LLC Sells 541,357 Shares of Enbridge Inc (NYSE:ENB)

Demars Financial Group LLC decreased its holdings in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 60.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 356,182 shares of the pipeline company's stock after selling 541,357 shares during the period. Demars Financial Group LLC's holdings in Enbridge were worth $15,782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wintrust Investments LLC lifted its stake in Enbridge by 47.8% in the fourth 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 last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in shares of Enbridge by 2.0% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 12,749 shares of the pipeline company's stock worth $541,000 after purchasing an additional 251 shares during the period. Knuff & Co LLC increased its holdings in shares of Enbridge by 12.6% in the fourth quarter. Knuff & Co LLC now owns 2,252 shares of the pipeline company's stock worth $96,000 after purchasing an additional 252 shares during the period. Hardin Capital Partners LLC increased its stake in Enbridge by 2.7% in the first quarter. Hardin Capital Partners LLC now owns 9,553 shares of the pipeline company's stock valued at $423,000 after acquiring an additional 252 shares during the last quarter. Finally, Investors Research Corp increased its stake in Enbridge by 9.5% in the first quarter. Investors Research Corp now owns 3,051 shares of the pipeline company's stock valued at $135,000 after acquiring an additional 264 shares during the last quarter. Institutional investors own 54.60% of the company's stock.

Enbridge Price Performance

ENB stock traded down $0.98 during trading on Wednesday, hitting $44.99. 4,810,318 shares of the company's stock traded hands, compared to its average volume of 3,991,842. The business has a fifty day simple moving average of $45.64 and a 200 day simple moving average of $44.03. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.66 and a current ratio of 0.73. The stock has a market capitalization of $98.10 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 4.33 and a beta of 0.81. Enbridge Inc has a 52 week low of $34.60 and a 52 week high of $47.44.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The company had revenue of $7.27 billion for the quarter, compared to analyst estimates of $10.20 billion. Enbridge had a return on equity of 10.41% and a net margin of 10.16%. During the same quarter in the prior year, the firm posted $0.92 EPS. As a group, research analysts expect that Enbridge Inc will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th were issued a dividend of $0.679 per share. This is an increase from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 6.04%. The ex-dividend date of this dividend was Thursday, May 15th. Enbridge's dividend payout ratio (DPR) is presently 140.21%.

Analysts Set New Price Targets

Several research analysts have recently commented on ENB shares. Raymond James Financial upgraded Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. Wall Street Zen upgraded Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. BMO Capital Markets reissued a "market perform" rating on shares of Enbridge in a research report on Monday, May 12th. CIBC reissued an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Enbridge presently has a consensus rating of "Hold" and an average price target of $67.00.

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.