Prudential PLC Sells 12,998 Shares of Enbridge Inc $ENB

Posted by Francis Steltz on Jun 9th, 2026

Prudential PLC lessened its stake in shares of Enbridge Inc (NYSE:ENB – Free Report) (TSE:ENB) by 66.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,588 shares of the pipeline company’s stock after selling 12,998 shares during the period. Prudential PLC’s holdings in Enbridge were worth $315,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ENB. Norges Bank bought a new position in Enbridge during the 4th quarter valued at approximately $1,195,559,000. Bank of Nova Scotia increased its position in Enbridge by 118.0% during the 3rd quarter. Bank of Nova Scotia now owns 9,526,380 shares of the pipeline company’s stock valued at $480,518,000 after buying an additional 5,157,030 shares in the last quarter. Vanguard Group Inc. increased its position in Enbridge by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 100,364,993 shares of the pipeline company’s stock valued at $4,802,766,000 after buying an additional 2,067,516 shares in the last quarter. Raymond James Financial Inc. increased its position in Enbridge by 43.7% during the 3rd quarter. Raymond James Financial Inc. now owns 6,633,703 shares of the pipeline company’s stock valued at $334,737,000 after buying an additional 2,016,674 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd bought a new position in Enbridge during the 3rd quarter valued at approximately $88,407,000. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Performance

Shares of ENB opened at $55.39 on Tuesday. The business’s fifty day simple moving average is $54.66 and its two-hundred day simple moving average is $51.44. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.69. Enbridge Inc has a 12 month low of $43.59 and a 12 month high of $58.45. The company has a market cap of $120.94 billion, a price-to-earnings ratio of 26.00 and a beta of 0.58.

Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last issued its earnings results on Friday, May 8th. The pipeline company reported $0.71 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 the consensus estimate of $8.49 billion. During the same period last year, the business posted $1.03 EPS. Research analysts anticipate that Enbridge Inc will post 2.2 earnings per share for the current fiscal year.

Enbridge Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 7.0%. The ex-dividend date was Friday, May 15th. Enbridge’s dividend payout ratio (DPR) is currently 133.80%.

Analysts Set New Price Targets

ENB has been the subject of a number of analyst reports. Citigroup reaffirmed a “buy” rating on shares of Enbridge in a research report on Thursday, February 19th. Wall Street Zen lowered Enbridge from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Enbridge in a research report on Monday, May 11th. Royal Bank Of Canada raised their price objective on Enbridge from $76.00 to $79.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Enbridge in a research report on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Enbridge currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

Read Our Latest Stock Report on Enbridge

About Enbridge

(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.