Larson Financial Group LLC Raises Stock Holdings in Enbridge Inc. (NYSE:ENB)

Larson Financial Group LLC grew its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 14.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,449 shares of the pipeline company’s stock after purchasing an additional 800 shares during the quarter. Larson Financial Group LLC’s holdings in Enbridge were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Harbor Investment Advisory LLC increased its position in shares of Enbridge by 5.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 5,623 shares of the pipeline company’s stock valued at $203,000 after purchasing an additional 280 shares during the last quarter. North Star Investment Management Corp. grew its stake in shares of Enbridge by 24.6% during the 4th quarter. North Star Investment Management Corp. now owns 1,519 shares of the pipeline company’s stock valued at $55,000 after acquiring an additional 300 shares during the period. First Citizens Bank & Trust Co. grew its stake in shares of Enbridge by 5.1% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 7,057 shares of the pipeline company’s stock valued at $234,000 after acquiring an additional 341 shares during the period. Marino Stram & Associates LLC grew its stake in shares of Enbridge by 1.6% during the 3rd quarter. Marino Stram & Associates LLC now owns 21,685 shares of the pipeline company’s stock valued at $720,000 after acquiring an additional 344 shares during the period. Finally, Azimuth Capital Investment Management LLC grew its stake in shares of Enbridge by 2.3% during the 3rd quarter. Azimuth Capital Investment Management LLC now owns 15,537 shares of the pipeline company’s stock valued at $518,000 after acquiring an additional 350 shares during the period. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ENB shares. Stifel Nicolaus started coverage on Enbridge in a research note on Thursday, January 18th. They set a “hold” rating for the company. Jefferies Financial Group started coverage on Enbridge in a research note on Tuesday, February 27th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $55.20.

Enbridge Stock Up 0.7 %

Shares of ENB opened at $35.67 on Thursday. The stock has a market capitalization of $75.83 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 3.32 and a beta of 0.84. Enbridge Inc. has a 1 year low of $31.03 and a 1 year high of $40.30. The business’s 50 day simple moving average is $35.12 and its 200-day simple moving average is $34.77. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.74.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data 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). Enbridge had a return on equity of 10.23% and a net margin of 13.97%. The firm had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $9.62 billion. As a group, equities analysts expect that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

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.