Enbridge (NYSE:ENB) Reaches New 52-Week High – Still a Buy?

Enbridge Inc (NYSE:ENB) (TSE:ENB) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $50.55 and last traded at $50.5470, with a volume of 2028576 shares. The stock had previously closed at $50.16.

Key Enbridge News

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Federal energy regulator recommended approval of an Enbridge pipeline expansion — this reduces permitting risk and supports future cash flow from growth projects. Federal energy regulator recommends approval of Enbridge pipeline expansion
• Positive Sentiment: Analyst update: US Capital Advisors raised its Q4 2026 EPS estimate to $0.59 (from $0.57), signaling slightly improved near-term earnings expectations. MarketBeat — Enbridge analyst estimate update
• Positive Sentiment: Income/bull thesis reiterated: a Seeking Alpha piece highlights Enbridge’s ~6% dividend yield, reaffirmed 2026 guidance and the company’s ability to grow DCF and dividends — supports income-focused investor demand. Enbridge: The 6% Dividend Yield Is Still Very Attractive
• Neutral Sentiment: Street chatter / recent trading note: Zacks flagged ENB as advancing while the market declined — helpful short-term context but not a driver on its own. Enbridge (ENB) Advances While Market Declines
• Neutral Sentiment: Minor FY estimate trim: US Capital Advisors trimmed FY2026 EPS from $2.15 to $2.14 — a very small revision that likely has limited market impact absent larger guidance changes. MarketBeat — Enbridge FY estimate update
• Negative Sentiment: Unusual options activity: traders bought a large volume of put options (20,216 puts; ~1,036% above typical volume), and a report notes heavy put buying — this can signal short-term hedging or bearish bets that may pressure the stock if sentiment shifts. Stock Traders Buy Large Volume of Put Options on Enbridge (NYSE:ENB)
• Negative Sentiment: Legal risk: the U.S. Justice Department has weighed in on Line 5 litigation and a Traverse City nonprofit filed a reply brief in the Michigan Supreme Court — ongoing legal proceedings create execution and cost risk around the Line 5 project. U.S. Justice Department weighs in on Enbridge Line 5 litigation Traverse City Nonprofit Files Reply Brief in Line 5 tunnel permit case

Wall Street Analyst Weigh In

ENB has been the subject of several analyst reports. Cibc World Mkts cut Enbridge from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. CIBC downgraded Enbridge from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 9th. Zacks Research upgraded Enbridge from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings lowered Enbridge from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. Finally, JPMorgan Chase & Co. lowered Enbridge from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 27th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.00.

Enbridge Trading Up 0.7%

The stock has a market cap of $110.24 billion, a PE ratio of 27.77 and a beta of 0.69. The business has a 50 day moving average of $47.52 and a 200-day moving average of $47.66. The company has a current ratio of 0.80, a quick ratio of 0.68 and a debt-to-equity ratio of 1.64.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, November 7th. The pipeline company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The company had revenue of $7 billion for the quarter, compared to analysts’ expectations of $8.45 billion. Enbridge had a return on equity of 10.51% and a net margin of 9.20%.During the same quarter in the prior year, the business posted $0.55 EPS. On average, analysts anticipate that Enbridge Inc will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Tuesday, February 17th will be issued a $0.97 dividend. The ex-dividend date is Tuesday, February 17th. This is a positive change from Enbridge’s previous quarterly dividend of $0.94. This represents a $3.88 dividend on an annualized basis and a yield of 7.7%. Enbridge’s payout ratio is presently 147.80%.

Hedge Funds Weigh In On Enbridge

Several hedge funds and other institutional investors have recently modified their holdings of the company. Tsfg LLC raised its stake in shares of Enbridge by 329.6% in the 3rd quarter. Tsfg LLC now owns 494 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 379 shares during the period. Triumph Capital Management acquired a new stake in shares of Enbridge during the 3rd quarter valued at approximately $26,000. Highline Wealth Partners LLC increased its stake in Enbridge by 73.1% during the third quarter. Highline Wealth Partners LLC now owns 559 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 236 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new position in shares of Enbridge in the 3rd quarter valued at about $28,000. Finally, Whipplewood Advisors LLC grew its position in shares of Enbridge by 112.4% during the 2nd quarter. Whipplewood Advisors LLC now owns 582 shares of the pipeline company’s stock valued at $26,000 after buying an additional 308 shares during the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

About Enbridge

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.