Enbridge (NYSE:ENB) Share Price Breaks Above Fifty Day Moving Average – What’s Next?

Posted by Brian Himes on Oct 28th, 2026

Enbridge Inc (NYSE:ENB – Get Free Report) (TSE:ENB) shares passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $48.39 and traded as high as $48.43. Enbridge shares last traded at $48.4150, with a volume of 5,859,231 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Enbridge in a report on Wednesday, August 19th. TD upgraded shares of Enbridge to a “buy” rating in a research report on Tuesday, September 15th. US Capital Advisors raised shares of Enbridge from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. Wall Street Zen upgraded shares of Enbridge from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Wolfe Research set a $50.00 price objective on shares of Enbridge in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $65.88.

View Our Latest Analysis on Enbridge

Enbridge Trading Up 0.3%

The company has a 50 day simple moving average of $48.39 and a 200 day simple moving average of $52.09.

Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last announced its earnings results on Friday, July 31st. The pipeline company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $9.70 billion for the quarter, compared to analyst estimates of $8.67 billion. During the same period in the previous year, the company earned $0.65 EPS. As a group, equities analysts anticipate that Enbridge Inc will post 2.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENB. Deutsche Bank AG acquired a new stake in Enbridge during the 2nd quarter worth $1,850,502,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Enbridge by 18.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,624,547 shares of the pipeline company’s stock worth $1,117,353,000 after buying an additional 3,205,322 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Enbridge by 1.0% during the second quarter. TD Waterhouse Canada Inc. now owns 16,189,798 shares of the pipeline company’s stock worth $863,952,000 after buying an additional 164,934 shares in the last quarter. Amundi grew its holdings in shares of Enbridge by 8.5% during the second quarter. Amundi now owns 11,948,497 shares of the pipeline company’s stock worth $647,728,000 after buying an additional 936,435 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Enbridge by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 11,079,469 shares of the pipeline company’s stock valued at $599,709,000 after buying an additional 268,800 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Company Profile

(Get Free Report)

Enbridge Inc is a Canadian energy infrastructure company that operates one of the largest pipeline and energy delivery networks in North America. Its businesses transport crude oil and other liquid hydrocarbons, move and store natural gas, and deliver natural gas to residential, commercial and industrial customers.

The company’s operations span Canada and the United States, including extensive pipeline systems serving major producing regions, refineries and population centers. Enbridge also develops and operates renewable power assets, including offshore and onshore wind projects, solar facilities and other lower-carbon energy infrastructure.

Enbridge traces its history to the Interprovincial Pipe Line Company, founded in 1949 to transport Canadian crude oil.