First Manhattan CO. LLC. Sells 56,620 Shares of Enbridge Inc $ENB

Posted by on Jun 18th, 2026

First Manhattan CO. LLC. cut its stake in shares of Enbridge Inc (NYSE:ENB – Free Report) (TSE:ENB) by 7.4% in the fourth quarter, Holdings Channel reports. The fund owned 707,991 shares of the pipeline company’s stock after selling 56,620 shares during the period. First Manhattan CO. LLC.’s holdings in Enbridge were worth $33,926,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Triumph Capital Management acquired a new stake in shares of Enbridge in the third quarter valued at $26,000. Turning Point Benefit Group Inc. acquired a new stake in shares of Enbridge in the third quarter valued at $28,000. Imprint Wealth LLC acquired a new stake in shares of Enbridge in the third quarter valued at $31,000. Garner Asset Management Corp acquired a new stake in shares of Enbridge in the fourth quarter valued at $30,000. Finally, Gilpin Wealth Management LLC acquired a new stake in shares of Enbridge in the fourth quarter valued at $38,000. 54.60% of the stock is owned by institutional investors.

Enbridge Price Performance

Shares of ENB stock opened at $54.50 on Thursday. The stock has a 50-day moving average price of $54.91 and a 200 day moving average price of $51.83. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.69. The firm has a market cap of $119.00 billion, a price-to-earnings ratio of 25.59 and a beta of 0.58. Enbridge Inc has a 12 month low of $43.59 and a 12 month high of $58.45.

Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last announced its quarterly earnings data on Friday, May 8th. The pipeline company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $8.49 billion. Enbridge had a return on equity of 11.21% and a net margin of 9.83%.During the same period last year, the company earned $1.03 earnings per share. Research analysts expect that Enbridge Inc will post 2.18 EPS for the current year.

Enbridge Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date was Friday, May 15th. Enbridge’s dividend payout ratio (DPR) is presently 133.80%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Citigroup restated a “buy” rating on shares of Enbridge in a research note on Thursday, February 19th. Royal Bank Of Canada raised their target price on Enbridge from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Scotiabank restated an “outperform” rating on shares of Enbridge in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Enbridge in a research note on Monday, May 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Enbridge in a research note on Friday, May 22nd. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Enbridge presently has an average rating of “Moderate Buy” and a consensus target price of $66.50.

Read Our Latest Research Report on Enbridge

Enbridge Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding ENB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enbridge Inc (NYSE:ENB – Free Report) (TSE:ENB).

Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

Receive News & Ratings for Enbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge and related companies with MarketBeat.com's FREE daily email newsletter.