Enbridge Inc (NYSE:ENB) Sees Large Decline in Short Interest

Posted by Brenda Bartman on Jun 13th, 2026

Enbridge Inc (NYSE:ENB – Get Free Report) (TSE:ENB) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 24,440,972 shares, a decline of 49.0% from the May 14th total of 47,958,151 shares. Based on an average trading volume of 5,113,579 shares, the short-interest ratio is currently 4.8 days. Currently, 1.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Enbridge

Several institutional investors and hedge funds have recently bought and sold shares of the company. LFG Wealth Partners LLC grew its holdings in Enbridge by 1.8% in the first quarter. LFG Wealth Partners LLC now owns 31,268 shares of the pipeline company’s stock worth $1,693,000 after purchasing an additional 545 shares during the last quarter. Rathbones Group PLC grew its holdings in shares of Enbridge by 14.3% during the first quarter. Rathbones Group PLC now owns 16,462 shares of the pipeline company’s stock valued at $890,000 after buying an additional 2,060 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Enbridge by 11.7% during the first quarter. Parallel Advisors LLC now owns 21,415 shares of the pipeline company’s stock valued at $1,159,000 after buying an additional 2,242 shares during the last quarter. First Nebraska Trust Co purchased a new stake in shares of Enbridge during the first quarter valued at $240,000. Finally, Keel Point LLC grew its holdings in shares of Enbridge by 6.6% during the first quarter. Keel Point LLC now owns 4,458 shares of the pipeline company’s stock valued at $241,000 after buying an additional 276 shares during the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge Stock Performance

Shares of NYSE:ENB opened at $56.49 on Friday. The company has a market capitalization of $123.35 billion, a price-to-earnings ratio of 26.52 and a beta of 0.58. Enbridge has a 52 week low of $43.59 and a 52 week 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. The firm has a 50 day moving average of $54.83 and a 200 day moving average of $51.64.

Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last released its quarterly earnings results on Friday, May 8th. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. Enbridge had a net margin of 9.83% and a return on equity of 11.21%. The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $8.49 billion. During the same period in the previous year, the company earned $1.03 earnings per share. On average, sell-side analysts predict that Enbridge will post 2.18 earnings per share for the current fiscal year.

Enbridge Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend was Friday, May 15th. Enbridge’s payout ratio is currently 133.80%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ENB shares. Raymond James Financial raised shares of Enbridge to a “moderate buy” rating in a research note on Tuesday, February 17th. Citigroup reaffirmed a “buy” rating on shares of Enbridge in a research note on Thursday, February 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enbridge in a research note on Friday, May 22nd. TD Securities downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Finally, Royal Bank Of Canada boosted their price objective on shares of Enbridge from $76.00 to $79.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.50.

Check Out Our Latest Analysis on Enbridge

About Enbridge

(Get 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.