K2 Principal Fund L.P. Takes $759,000 Position in Enbridge Inc $ENB

Posted by Geri Gentry on Aug 19th, 2026

K2 Principal Fund L.P. purchased a new stake in shares of Enbridge Inc (NYSE:ENB – Free Report) (TSE:ENB) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 14,000 shares of the pipeline company’s stock, valued at approximately $759,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ENB. Vanguard Group Inc. boosted its position in Enbridge by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 100,364,993 shares of the pipeline company’s stock worth $4,802,766,000 after purchasing an additional 2,067,516 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of Enbridge in the second quarter worth $1,850,502,000. Norges Bank purchased a new stake in Enbridge in the 4th quarter worth $1,195,559,000. Geode Capital Management LLC raised its stake in Enbridge by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 21,421,826 shares of the pipeline company’s stock valued at $1,045,172,000 after purchasing an additional 1,415,995 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Enbridge by 4.6% during the fourth quarter. Legal & General Group Plc now owns 19,677,864 shares of the pipeline company’s stock valued at $942,806,000 after buying an additional 858,323 shares during the last quarter. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on ENB shares. TD Securities reiterated a “hold” rating on shares of Enbridge in a research report on Thursday, July 16th. Weiss Ratings restated a “buy (b)” rating on shares of Enbridge in a report on Friday, May 22nd. BMO Capital Markets restated a “market perform” rating on shares of Enbridge in a report on Monday, August 3rd. Raymond James Financial cut shares of Enbridge from an “outperform” rating to a “market perform” rating in a research report on Friday, July 31st. Finally, Wolfe Research set a $50.00 price target on Enbridge in a research report on Tuesday, August 4th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $67.00.

Check Out Our Latest Report on Enbridge

Enbridge Price Performance

NYSE ENB opened at $51.41 on Wednesday. The firm’s fifty day simple moving average is $54.49 and its two-hundred day simple moving average is $53.99. Enbridge Inc has a 12-month low of $45.03 and a 12-month high of $58.45. The firm has a market capitalization of $112.29 billion, a P/E ratio of 27.49 and a beta of 0.58. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.69.

Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last issued its quarterly earnings results on Friday, July 31st. The pipeline company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The business had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $8.67 billion. Enbridge had a return on equity of 11.17% and a net margin of 7.20%.During the same quarter last year, the company earned $0.65 earnings per share. Analysts forecast that Enbridge Inc will post 2.11 EPS for the current fiscal year.

Enbridge Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a $0.97 dividend. The ex-dividend date is Friday, August 14th. This represents a $3.88 dividend on an annualized basis and a yield of 7.5%. Enbridge’s dividend payout ratio (DPR) is 147.06%.

Enbridge Company 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.