Enbridge (NYSE:ENB) Stock Rating Upgraded by Scotiabank

Posted by on Sep 19th, 2026

Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) was upgraded by analysts at Scotiabank to a “strong-buy” rating in a research report issued to clients and investors on Thursday, Zacks reports.

ENB has been the subject of several other reports. US Capital Advisors upgraded Enbridge from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 20th. National Bank Financial upgraded Enbridge from a “sector perform” rating to an “outperform” rating in a research note on Tuesday. Wolfe Research set a $50.00 price target on Enbridge in a report on Tuesday, August 4th. Weiss Ratings restated a “buy (b)” rating on shares of Enbridge in a research report on Wednesday, August 19th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Enbridge in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.17.

Read Our Latest Stock Report on ENB

Enbridge Stock Down 0.1%

ENB opened at $48.68 on Thursday. The stock has a fifty day moving average of $52.03 and a 200-day moving average of $53.73. The company has a market capitalization of $108.50 billion, a P/E ratio of 26.03, a P/E/G ratio of 5.75 and a beta of 0.57. Enbridge has a fifty-two week low of $45.03 and a fifty-two week high of $58.45. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.66 and a current ratio of 0.72.

Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last released its quarterly earnings results on Friday, July 31st. The pipeline company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The business had revenue of $9.70 billion for the quarter, compared to the consensus estimate of $8.67 billion. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. During the same period in the prior year, the company posted $0.65 earnings per share. On average, equities analysts expect that Enbridge will post 2.12 EPS for the current year.

Institutional Investors Weigh In On Enbridge

Institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in shares of Enbridge by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,079,469 shares of the pipeline company’s stock worth $599,709,000 after purchasing an additional 268,800 shares during the period. Empowered Funds LLC increased its holdings in Enbridge by 24.2% during the first quarter. Empowered Funds LLC now owns 110,014 shares of the pipeline company’s stock worth $5,956,000 after buying an additional 21,442 shares during the last quarter. SCS Capital Management LLC purchased a new stake in Enbridge during the second quarter worth about $9,204,000. BlackRock Inc. bought a new stake in Enbridge in the second quarter worth about $183,623,000. Finally, Western Wealth Management LLC raised its position in Enbridge by 346.8% in the first quarter. Western Wealth Management LLC now owns 36,190 shares of the pipeline company’s stock worth $1,959,000 after acquiring an additional 28,091 shares during the period. Institutional investors own 54.60% of the company’s stock.

Enbridge Company Profile

(Get Free Report)

Enbridge Inc is a Canadian energy infrastructure company headquartered in Calgary, Alberta. Founded in 1949 as Interprovincial Pipe Line, the company has grown into one of North America’s largest energy delivery businesses, operating primarily in Canada and the United States.

Enbridge’s operations include crude oil and liquids pipelines, natural gas transmission and storage, and natural gas distribution and utility services. Its pipeline systems transport energy products from producing regions to refineries, export facilities, utilities and other customers.

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