Larson Financial Group LLC Purchases 1,560 Shares of Enbridge Inc. (NYSE:ENB)

Larson Financial Group LLC increased its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 29.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,917 shares of the pipeline company’s stock after purchasing an additional 1,560 shares during the period. Larson Financial Group LLC’s holdings in Enbridge were worth $293,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. McIlrath & Eck LLC boosted its stake in Enbridge by 74.9% in the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 295 shares in the last quarter. Albion Financial Group UT purchased a new stake in shares of Enbridge during the 4th quarter valued at about $29,000. Darwin Wealth Management LLC purchased a new stake in shares of Enbridge during the 3rd quarter valued at about $37,000. Dixon Mitchell Investment Counsel Inc. boosted its holdings in shares of Enbridge by 149.9% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock valued at $41,000 after acquiring an additional 580 shares during the last quarter. Finally, Legend Financial Advisors Inc. purchased a new stake in shares of Enbridge during the 4th quarter valued at about $42,000. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Performance

ENB opened at $42.69 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The company has a market cap of $93.01 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 3.92 and a beta of 0.95. The company’s 50 day moving average is $43.46 and its 200 day moving average is $42.15. Enbridge Inc. has a 12-month low of $32.85 and a 12-month high of $45.78.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. The company had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same quarter last year, the firm posted $0.64 earnings per share. On average, equities research analysts predict that Enbridge Inc. will post 2.14 EPS for the current year.

Wall Street Analysts Forecast Growth

ENB has been the topic of a number of recent analyst reports. TD Securities initiated coverage on shares of Enbridge in a report on Wednesday, January 15th. They set a “buy” rating on the stock. Royal Bank of Canada raised their price target on shares of Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Finally, CIBC reaffirmed an “outperform” rating on shares of Enbridge in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.