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

Demars Financial Group LLC raised its holdings in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 4,131.5% during the fourth quarter, according to its most recent filing with the Securities & 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 quarter.

A number of other large investors also recently modified their holdings of ENB. Vanguard Group Inc. raised its holdings in Enbridge by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock valued at $3,888,507,000 after acquiring an additional 3,611,421 shares in the last quarter. GQG Partners LLC boosted its stake in Enbridge by 2.1% during the fourth quarter. GQG Partners LLC now owns 74,290,740 shares of the pipeline company's stock worth $3,151,500,000 after buying an additional 1,495,742 shares in the last quarter. TD Asset Management Inc. raised its stake in shares of Enbridge by 2.8% in the 4th quarter. TD Asset Management Inc. now owns 38,752,759 shares of the pipeline company's stock valued at $1,643,935,000 after buying an additional 1,040,799 shares in the last quarter. Norges Bank acquired a new stake in shares of Enbridge during the 4th quarter valued at about $909,415,000. Finally, JPMorgan Chase & Co. increased its stake in Enbridge by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 16,142,638 shares of the pipeline company's stock valued at $655,556,000 after acquiring an additional 176,733 shares during the period. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Trading Up 1.7 %

Shares of ENB stock traded up $0.75 on Friday, reaching $45.32. The company had a trading volume of 4,781,000 shares, compared to its average volume of 4,391,070. The stock has a market cap of $98.76 billion, a PE ratio of 26.35, a PEG ratio of 3.92 and a beta of 0.80. The company has a 50-day moving average of $43.15 and a 200-day moving average of $42.78. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. Enbridge Inc. has a 12 month low of $33.92 and a 12 month high of $46.12.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. TD Securities initiated coverage on shares of Enbridge in a report on Wednesday, January 15th. They set a "buy" rating for the company. Citigroup initiated coverage on Enbridge in a report on Friday, April 4th. They set a "buy" rating on the stock. Finally, CIBC reissued an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.