Enbridge Inc (NYSE:ENB) Receives Average Recommendation of “Hold” from Brokerages

Enbridge Inc (NYSE:ENB) (TSE:ENB) has received an average rating of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $67.00.

ENB has been the subject of a number of research reports. TD Securities reaffirmed a “hold” rating on shares of Enbridge in a research note on Thursday, July 16th. BMO Capital Markets restated a “market perform” rating on shares of Enbridge in a report on Monday, August 3rd. Wolfe Research set a $50.00 target price on Enbridge in a research note on Tuesday, August 4th. Scotiabank reaffirmed an “outperform” rating on shares of Enbridge in a report on Tuesday, July 21st. Finally, US Capital Advisors raised Enbridge from a “hold” rating to a “moderate buy” rating in a report on Thursday.

Enbridge Stock Down 1.0%

Shares of Enbridge stock opened at $50.48 on Monday. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.72 and a quick ratio of 0.66. Enbridge has a 1-year low of $45.03 and a 1-year high of $58.45. The business’s fifty day moving average price is $54.14 and its two-hundred day moving average price is $53.99. The company has a market capitalization of $110.25 billion, a P/E ratio of 26.99 and a beta of 0.58.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, July 31st. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. Enbridge had a return on equity of 11.17% and a net margin of 7.20%.The company had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $8.67 billion. During the same quarter in the prior year, the business posted $0.65 earnings per share. As a group, research analysts forecast that Enbridge will post 2.11 EPS for the current year.

Enbridge Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Friday, August 14th. Enbridge’s dividend payout ratio (DPR) is presently 147.06%.

More Enbridge News

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: US Capital Advisors upgraded Enbridge from “hold” to “moderate buy,” signaling improved confidence in the company’s risk-reward profile at recent valuation levels. Zacks.com
• Positive Sentiment: US Capital Advisors raised its earnings forecasts across several periods. Estimates increased to $0.43 per share for Q3 2026, $0.61 for Q4 2026, $0.48 for Q2 2027, $0.46 for Q3 2027 and $0.69 for Q4 2027. Its FY2027 forecast rose to $2.41 per share from $2.24, above the current full-year consensus of $2.11. These revisions suggest expectations for stronger earnings momentum. MarketBeat analyst estimates
• Positive Sentiment: Enbridge’s long dividend-growth record remains attractive to income investors. The company has increased its dividend for 31 consecutive years, and the recent share-price pullback may improve its yield and valuation appeal. Enbridge dividend analysis
• Neutral Sentiment: Some analysis suggests Enbridge is fairly valued after generating roughly a 93% total return over five years, limiting the potential for near-term multiple expansion despite its infrastructure cash flows. Enbridge valuation analysis
• Negative Sentiment: Risks include weaker second-quarter results, elevated leverage and competition. Enbridge has a roughly CAD 41 billion secured growth backlog, but competing egress pipelines could pressure volumes on its Mainline System, which contributes about one-third of EBITDA. Debt-to-EBITDA of approximately 5.1 times also exceeds the company’s preferred range and leaves earnings more exposed to interest costs. Enbridge growth backlog and Mainline risks

Institutional Investors Weigh In On Enbridge

Institutional investors and hedge funds have recently modified their holdings of the stock. Rogco LP raised its stake in Enbridge by 2.9% during the 2nd quarter. Rogco LP now owns 14,735 shares of the pipeline company’s stock valued at $799,000 after purchasing an additional 410 shares during the period. Syon Capital LLC lifted its position in shares of Enbridge by 5.4% in the second quarter. Syon Capital LLC now owns 13,029 shares of the pipeline company’s stock worth $706,000 after purchasing an additional 665 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Enbridge by 1.0% during the second quarter. TD Waterhouse Canada Inc. now owns 16,189,798 shares of the pipeline company’s stock worth $863,952,000 after purchasing an additional 164,934 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in shares of Enbridge by 13.8% during the second quarter. Concurrent Investment Advisors LLC now owns 75,270 shares of the pipeline company’s stock worth $4,080,000 after purchasing an additional 9,128 shares during the period. Finally, NEOS Investment Management LLC grew its position in Enbridge by 39.9% during the second quarter. NEOS Investment Management LLC now owns 1,177,198 shares of the pipeline company’s stock valued at $63,816,000 after purchasing an additional 335,580 shares in the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Company Profile

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.