Alpha Omega Wealth Management LLC Has $4.65 Million Holdings in Enbridge Inc. (NYSE:ENB)

Alpha Omega Wealth Management LLC lessened its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 30.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 129,007 shares of the pipeline company's stock after selling 55,405 shares during the quarter. Alpha Omega Wealth Management LLC's holdings in Enbridge were worth $4,647,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Enbridge by 98.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,644,850 shares of the pipeline company's stock valued at $54,578,000 after buying an additional 815,850 shares during the period. Clarius Group LLC grew its position in 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 acquiring an additional 1,617 shares in the last quarter. S.E.E.D. Planning Group LLC grew its position in 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 acquiring an additional 102,850 shares in the last quarter. Private Trust Co. NA grew its position in 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 acquiring an additional 473 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in 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 acquiring an additional 4,400,848 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company's stock.

Enbridge Stock Performance

Shares of NYSE ENB traded up $0.36 during trading hours on Wednesday, hitting $33.33. 7,824,843 shares of the stock were exchanged, compared to its average volume of 5,425,767. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.74. The company's 50 day moving average is $35.03 and its 200 day moving average is $34.65. The firm has a market capitalization of $70.85 billion, a P/E ratio of 15.87, a P/E/G ratio of 3.17 and a beta of 0.84. Enbridge Inc. has a one year low of $31.03 and a one year high of $40.30.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted 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). The firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $9.62 billion. Enbridge had a return on equity of 10.23% and a net margin of 13.97%. On average, research analysts expect that Enbridge Inc. will post 2.13 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on ENB. Stifel Nicolaus began coverage on shares of Enbridge in a research report on Thursday, January 18th. They issued a "hold" rating for the company. Jefferies Financial Group began coverage on shares of Enbridge in a research report on Tuesday, February 27th. They issued a "buy" rating for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $55.20.

About Enbridge

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.