GQG Partners LLC lowered its stake in Enbridge Inc (NYSE:ENB – Free Report) (TSE:ENB) by 35.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,084,876 shares of the pipeline company’s stock after selling 27,341,904 shares during the period. Enbridge accounts for 4.9% of GQG Partners LLC’s holdings, making the stock its 4th biggest position. GQG Partners LLC’s holdings in Enbridge were worth $2,660,876,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in ENB. Triumph Capital Management purchased a new stake in shares of Enbridge during the third quarter valued at $26,000. Arlington Trust Co LLC raised its stake in Enbridge by 114.6% in the 2nd quarter. Arlington Trust Co LLC now owns 500 shares of the pipeline company’s stock worth $27,000 after acquiring an additional 267 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new position in Enbridge in the 3rd quarter worth $28,000. Inspire Investing LLC acquired a new stake in Enbridge during the 4th quarter worth about $29,000. Finally, Garner Asset Management Corp purchased a new stake in Enbridge during the 4th quarter valued at about $30,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on ENB. US Capital Advisors raised Enbridge from a “hold” rating to a “moderate buy” rating in a report on Thursday. Wall Street Zen raised Enbridge from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Wolfe Research set a $50.00 target price on Enbridge in a research report on Tuesday, August 4th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Enbridge in a report on Monday, May 11th. Finally, Scotiabank reissued an “outperform” rating on shares of Enbridge in a research report on Tuesday, July 21st. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Enbridge currently has an average rating of “Hold” and an average price target of $67.00.
More Enbridge News
Here are the key news stories impacting Enbridge this week:
- Positive Sentiment: US Capital Advisors upgraded Enbridge from “hold” to “moderate buy,” signaling improved confidence in the company’s risk-reward profile at recent valuation levels. Zacks.com
- Positive Sentiment: US Capital Advisors raised its earnings forecasts across several periods. Estimates increased to $0.43 per share for Q3 2026, $0.61 for Q4 2026, $0.48 for Q2 2027, $0.46 for Q3 2027 and $0.69 for Q4 2027. Its FY2027 forecast rose to $2.41 per share from $2.24, above the current full-year consensus of $2.11. These revisions suggest expectations for stronger earnings momentum. MarketBeat analyst estimates
- Positive Sentiment: Enbridge’s long dividend-growth record remains attractive to income investors. The company has increased its dividend for 31 consecutive years, and the recent share-price pullback may improve its yield and valuation appeal. Enbridge dividend analysis
- Neutral Sentiment: Some analysis suggests Enbridge is fairly valued after generating roughly a 93% total return over five years, limiting the potential for near-term multiple expansion despite its infrastructure cash flows. Enbridge valuation analysis
- Negative Sentiment: Risks include weaker second-quarter results, elevated leverage and competition. Enbridge has a roughly CAD 41 billion secured growth backlog, but competing egress pipelines could pressure volumes on its Mainline System, which contributes about one-third of EBITDA. Debt-to-EBITDA of approximately 5.1 times also exceeds the company’s preferred range and leaves earnings more exposed to interest costs. Enbridge growth backlog and Mainline risks
Enbridge Price Performance
NYSE:ENB opened at $50.48 on Friday. Enbridge Inc has a one year low of $45.03 and a one year 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. The firm has a market cap of $110.25 billion, a price-to-earnings ratio of 26.99 and a beta of 0.58. The firm’s fifty day moving average is $54.14 and its two-hundred day moving average is $53.99.
Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last released its quarterly earnings data on Friday, July 31st. The pipeline company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $9.70 billion during the quarter, compared to analyst estimates 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 business posted $0.65 EPS. Research analysts expect that Enbridge Inc will post 2.11 EPS for the current year.
Enbridge Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Friday, August 14th. Enbridge’s dividend payout ratio (DPR) is 147.06%.
Enbridge Company Profile
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.
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