Royal Palms Capital LLC Takes $3.19 Million Position in Enbridge Inc $ENB

Posted by Brian Himes on May 27th, 2026

Royal Palms Capital LLC bought a new stake in Enbridge Inc (NYSE:ENB – Free Report) (TSE:ENB) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 66,703 shares of the pipeline company’s stock, valued at approximately $3,190,000. Enbridge makes up approximately 3.8% of Royal Palms Capital LLC’s holdings, making the stock its 12th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ENB. Brighton Jones LLC acquired a new stake in shares of Enbridge in the fourth quarter valued at $261,000. AQR Capital Management LLC increased its stake in shares of Enbridge by 68.5% in the first quarter. AQR Capital Management LLC now owns 28,533 shares of the pipeline company’s stock valued at $1,264,000 after buying an additional 11,599 shares in the last quarter. AXA S.A. increased its stake in shares of Enbridge by 15.5% in the second quarter. AXA S.A. now owns 113,887 shares of the pipeline company’s stock valued at $5,161,000 after buying an additional 15,259 shares in the last quarter. Diversify Advisory Services LLC increased its stake in shares of Enbridge by 93.1% in the second quarter. Diversify Advisory Services LLC now owns 22,016 shares of the pipeline company’s stock valued at $1,042,000 after buying an additional 10,617 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Enbridge by 80.1% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 78,507 shares of the pipeline company’s stock valued at $3,553,000 after acquiring an additional 34,912 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Price Performance

Enbridge stock opened at $57.00 on Wednesday. The business’s 50-day simple moving average is $54.36 and its 200 day simple moving average is $50.95. The stock has a market cap of $124.47 billion, a price-to-earnings ratio of 26.76 and a beta of 0.59. Enbridge Inc has a 12-month low of $43.59 and a 12-month high of $58.45. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.69.

Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last posted its quarterly earnings results on Friday, May 8th. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. Enbridge had a return on equity of 11.21% and a net margin of 9.83%.The business had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $8.49 billion. During the same quarter last year, the business earned $1.03 earnings per share. As a group, research analysts anticipate that Enbridge Inc will post 2.18 earnings per share for the current year.

Enbridge Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a dividend of $0.97 per share. The ex-dividend date is Friday, May 15th. This represents a $3.88 dividend on an annualized basis and a yield of 6.8%. Enbridge’s dividend payout ratio (DPR) is 133.80%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Royal Bank Of Canada raised their price target on Enbridge from $76.00 to $79.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Enbridge in a report on Friday. TD Securities cut Enbridge from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Scotiabank reiterated an “outperform” rating on shares of Enbridge in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. cut Enbridge from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 27th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Enbridge has an average rating of “Moderate Buy” and a consensus price target of $66.50.

Check Out Our Latest Stock Analysis 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.