Enbridge (NYSE:ENB) Share Price Breaks Below 50 Day Moving Average – Here’s Why

Shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $48.10 and traded as low as $46.38. Enbridge shares last traded at $46.8350, with a volume of 10,477,675 shares.

Key Enbridge News

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge reported third-quarter adjusted earnings of C$0.39 per share, above the C$0.36 consensus, with revenue also topping estimates. Profit rose substantially from a year earlier, supported in part by its natural gas businesses. Article: Enbridge Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: The company reaffirmed its 2026 financial guidance and said more than C$3 billion of gas transmission projects entered service, supporting its growth and earnings outlook. Article: Enbridge Reports Strong Third Quarter Results
• Neutral Sentiment: Enbridge is exploring a pipeline role in Canada’s Pathways carbon-capture network. It also plans to acquire Tallgrass Crude to expand its Rockies pipeline corridor; these opportunities could add growth, though the reports do not detail their financial impact. Article: Enbridge and the Pathways carbon-capture network
• Neutral Sentiment: CEO Greg Ebel is set to retire in January, with Michele Harradence stepping up. The planned transition could be worth watching, but no change in strategy is reported. Article: Enbridge CEO to Retire

Analyst Ratings Changes

Several research analysts have recently weighed in on ENB shares. US Capital Advisors upgraded shares of Enbridge from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. Wolfe Research set a $50.00 price objective on shares of Enbridge in a report on Tuesday, August 4th. The Goldman Sachs Group initiated coverage on shares of Enbridge in a research report on Wednesday, September 30th. They issued a “neutral” rating and a $50.00 price objective on the stock. Wall Street Zen raised shares of Enbridge from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Enbridge in a research note on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.88.

Enbridge Stock Performance

The stock’s 50-day moving average price is $48.10 and its 200 day moving average price is $52.18. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market cap of $104.39 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 5.63 and a beta of 0.59.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, November 6th. The pipeline company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. The business had revenue of $21.08 billion during the quarter, compared to the consensus estimate of $9.62 billion. As a group, equities analysts predict that Enbridge Inc will post 2.08 EPS for the current year.

Enbridge Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be issued a C$0.97 dividend. The ex-dividend date is Friday, November 13th. This represents a $3.88 annualized dividend and a dividend yield of 8.3%. Enbridge’s dividend payout ratio (DPR) is presently 147.06%.

Institutional Trading of Enbridge

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Deutsche Bank AG bought a new position in Enbridge in the second quarter valued at approximately $1,850,502,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Enbridge by 18.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,624,547 shares of the pipeline company’s stock worth $1,117,353,000 after purchasing an additional 3,205,322 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Enbridge by 1.6% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 16,456,664 shares of the pipeline company’s stock worth $760,553,000 after purchasing an additional 266,866 shares in the last quarter. Amundi boosted its holdings in shares of Enbridge by 8.5% in the 2nd quarter. Amundi now owns 11,948,497 shares of the pipeline company’s stock valued at $647,728,000 after buying an additional 936,435 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Enbridge by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,079,469 shares of the pipeline company’s stock valued at $599,709,000 after buying an additional 268,800 shares during the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

About Enbridge

Enbridge Inc is a North American energy infrastructure company that transports and distributes energy. Its businesses include crude oil and liquids pipelines, natural gas transmission and storage, and natural gas utilities that serve homes and businesses.

Founded in 1949 as Interprovincial Pipe Line Company, Enbridge has grown into a cross-border operator serving customers and energy markets in Canada and the United States. Its infrastructure moves crude oil, natural gas and natural gas liquids, connecting producers with refineries, utilities and other markets.

Enbridge also invests in renewable power, including wind and solar projects, alongside its energy transportation and distribution operations.