Demars Financial Group LLC cut its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 79.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,697 shares of the pipeline company's stock after selling 95,421 shares during the quarter. Enbridge comprises 0.5% of Demars Financial Group LLC's investment portfolio, making the stock its 20th biggest holding. Demars Financial Group LLC's holdings in Enbridge were worth $890,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Enbridge by 98.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,644,850 shares of the pipeline company's stock worth $54,578,000 after purchasing an additional 815,850 shares during the last quarter. Clarius Group LLC raised its stake in shares of Enbridge by 25.2% in the fourth quarter. Clarius Group LLC now owns 8,031 shares of the pipeline company's stock worth $289,000 after purchasing an additional 1,617 shares during the last quarter. S.E.E.D. Planning Group LLC raised its stake in shares of Enbridge by 81.1% in the fourth quarter. S.E.E.D. Planning Group LLC now owns 229,663 shares of the pipeline company's stock worth $8,272,000 after purchasing an additional 102,850 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Enbridge by 5.7% in the fourth quarter. Private Trust Co. NA now owns 8,834 shares of the pipeline company's stock worth $318,000 after purchasing an additional 473 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Enbridge by 5.7% in the third quarter. Vanguard Group Inc. now owns 81,491,857 shares of the pipeline company's stock worth $2,704,715,000 after purchasing an additional 4,400,848 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company's stock.
Analyst Upgrades and Downgrades
ENB has been the subject of several recent analyst reports. Jefferies Financial Group began coverage on Enbridge in a research note on Tuesday, February 27th. They issued a "buy" rating for the company. Stifel Nicolaus began coverage on Enbridge in a report on Thursday, January 18th. They issued a "hold" rating for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $55.20.
Read Our Latest Stock Analysis on Enbridge
Enbridge Stock Performance
NYSE:ENB traded up $0.25 during mid-day trading on Wednesday, hitting $35.67. 8,009,389 shares of the company traded hands, compared to its average volume of 5,732,969. The stock's fifty day moving average price is $35.12 and its 200-day moving average price is $34.77. Enbridge Inc. has a one year low of $31.03 and a one year high of $40.30. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 1.30. The firm has a market cap of $75.83 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 3.31 and a beta of 0.84.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $9.62 billion. Enbridge had a net margin of 13.97% and a return on equity of 10.23%. Research analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.
About Enbridge
(
Free Report)
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.
Read More
Before you consider Enbridge, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enbridge wasn't on the list.
While Enbridge currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
