Viking Fund Management LLC Purchases 61,500 Shares of Enbridge Inc $ENB

Viking Fund Management LLC lifted its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 35.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 236,000 shares of the pipeline company’s stock after buying an additional 61,500 shares during the period. Enbridge makes up approximately 1.3% of Viking Fund Management LLC’s portfolio, making the stock its 23rd biggest holding. Viking Fund Management LLC’s holdings in Enbridge were worth $11,288,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Brighton Jones LLC bought a new stake in Enbridge during the fourth quarter worth $261,000. AQR Capital Management LLC grew its stake in Enbridge by 68.5% in the 1st quarter. AQR Capital Management LLC now owns 28,533 shares of the pipeline company’s stock valued at $1,264,000 after purchasing an additional 11,599 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Enbridge during the 2nd quarter valued at $481,000. MAI Capital Management increased its position in shares of Enbridge by 43.9% during the 2nd quarter. MAI Capital Management now owns 28,718 shares of the pipeline company’s stock valued at $1,302,000 after purchasing an additional 8,763 shares during the last quarter. Finally, Journey Strategic Wealth LLC bought a new stake in shares of Enbridge during the 2nd quarter worth $207,000. 54.60% of the stock is owned by institutional investors.

Enbridge News Roundup

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: US Capital Advisors raised several near‑ and medium‑term estimates for Enbridge — boosting FY2027 to $2.30 and FY2028 to $2.43, and lifting multiple quarterly EPS targets (e.g., Q1 2026 to $0.72, Q4 2026 to $0.64). Those upgrades suggest analysts see improving fundamentals and could support higher valuation.
• Positive Sentiment: US Capital Advisors also increased FY2026 and several 2026–2027 quarterly forecasts (small raises to Q3/Q4 2026 and Q1 2027), reinforcing a trend of upward revisions from the same shop.
• Positive Sentiment: Enbridge’s crude‑oil team told CERAWeek that Gulf Coast re‑exports of Canadian heavy crude will surge with approved and proposed pipeline projects — a volume thesis that benefits Enbridge’s toll‑like cash flows. CERAWeek: Canadian crude re-exports
• Positive Sentiment: CEO Gregory Ebel emphasized infrastructure’s role in energy affordability and signaled openness to a new Canadian west‑coast oil pipeline — comments that point to management focus on growth and capacity options. Bloomberg: CEO open to west-coast pipeline
• Positive Sentiment: Media and influencers highlighted Enbridge’s midstream resilience and attractive yield (MarketBeat feature and Jim Cramer mention), which can attract income‑seeking flows during an energy rally. Yahoo: Jim Cramer on Enbridge
• Neutral Sentiment: Operational note: Enbridge’s Straits Maritimes operations center recorded its 10,000th vessel observation — a milestone on operations monitoring but not material to near‑term earnings. Mining Journal: 10,000th vessel observation
• Neutral Sentiment: Some small trims: US Capital Advisors cut its Q2 2026 estimate slightly (from $0.45 to $0.44). The revision is minor but worth monitoring for quarterly volatility.
• Neutral Sentiment: Analyst write‑ups (e.g., Seeking Alpha, MarketBeat sector pieces) remain broadly bullish on midstream exposure but note macro risks (oil price volatility, geopolitics) that could swing sentiment. Seeking Alpha: Enbridge analysis

Enbridge Price Performance

ENB opened at $54.40 on Wednesday. The company has a market capitalization of $118.68 billion, a price-to-earnings ratio of 23.65 and a beta of 0.67. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 1.70. The firm has a 50-day moving average price of $51.35 and a 200-day moving average price of $49.10. Enbridge Inc has a twelve month low of $39.73 and a twelve month high of $55.11.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, February 13th. The pipeline company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $17.18 billion for the quarter, compared to analysts’ expectations of $9.10 billion. Enbridge had a net margin of 11.30% and a return on equity of 11.19%. During the same period in the prior year, the company posted $0.75 EPS. Equities analysts expect that Enbridge Inc will post 2.14 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. TD Securities lowered shares of Enbridge from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Citigroup reaffirmed a “buy” rating on shares of Enbridge in a research report on Thursday, February 19th. Zacks Research raised shares of Enbridge from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Enbridge from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Royal Bank Of Canada lifted their price target on shares of Enbridge from $72.00 to $76.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.00.

About Enbridge

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.