Enbridge Inc (NYSE:ENB) Stock Has Average Price Target of $65.88

Enbridge Inc (NYSE:ENB) (TSE:ENB) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $65.88.

ENB has been the subject of several analyst reports. Raymond James Financial reiterated a “market perform” rating on shares of Enbridge in a research report on Tuesday, September 15th. Wall Street Zen upgraded shares of Enbridge from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. US Capital Advisors upgraded shares of Enbridge from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. Wolfe Research set a $50.00 target price on shares of Enbridge in a research note on Tuesday, August 4th. Finally, National Bank Financial upgraded shares of Enbridge from a “sector perform” rating to an “outperform” rating in a report on Tuesday, September 15th.

Institutional Trading of Enbridge

Several hedge funds and other institutional investors have recently modified their holdings of the business. Deutsche Bank AG purchased a new position in Enbridge during the 2nd quarter valued at about $1,850,502,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Enbridge in the 2nd quarter valued at about $467,782,000. Bank of New York Mellon Corp acquired a new position in shares of Enbridge in the 2nd quarter valued at about $412,627,000. Bank of America Corp DE purchased a new stake in shares of Enbridge in the second quarter worth approximately $380,896,000. Finally, BlackRock Inc. acquired a new stake in shares of Enbridge during the second quarter worth approximately $183,623,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Stock Up 0.3%

NYSE ENB opened at $49.43 on Friday. The business has a 50 day moving average price of $48.28 and a two-hundred day moving average price of $52.15. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.69. The stock has a market cap of $110.17 billion, a PE ratio of 26.43, a P/E/G ratio of 5.91 and a beta of 0.60. Enbridge has a fifty-two week low of $45.03 and a fifty-two week high of $58.45.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, July 31st. The pipeline company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. The firm had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $8.67 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. As a group, sell-side analysts predict that Enbridge will post 2.08 EPS for the current fiscal year.

Enbridge News Roundup

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge’s essential pipeline and utility infrastructure, recent acquisitions, and double-digit revenue growth provide a more stable profile than many energy producers. Its dividend has increased for 31 consecutive years, supporting the stock’s appeal to income-focused investors. Enbridge’s Earnings Slipped Last Quarter. Its Dividend Didn’t.
• Positive Sentiment: Recent comparison articles continue to identify Enbridge as a potentially attractive value and income investment, particularly because its regulated and fee-based operations can be less sensitive to oil-price volatility than an integrated producer such as Chevron. Chevron vs. Enbridge: Which Energy Giant Makes More Money Off the Iran War Oil Price Shock?
• Neutral Sentiment: Enbridge is scheduled to report earnings soon, with Wall Street expecting year-over-year earnings growth. The report could become the next major catalyst, particularly for updates on cash flow, acquisition integration, and dividend coverage. Enbridge Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Despite the expected earnings growth, Zacks noted that Enbridge lacks the combination of estimate revisions and earnings-surprise momentum that typically supports a likely earnings beat. That may be limiting upside ahead of the report. Enbridge Earnings Expectations
• Negative Sentiment: US Capital Advisors reduced its EPS forecasts for the upcoming quarter and several 2027 periods, including lowering its FY2027 estimate to $2.35 from $2.41. The firm maintained a “Moderate Buy” rating, but the cuts signal softer near-term expectations. US Capital Advisors Forecasts Enbridge FY2028 Earnings

Enbridge Company Profile

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.