Enbridge (NYSE:ENB) Share Price Breaks Below 50 Day Moving Average – What’s Next?

Enbridge Inc (NYSE:ENB) (TSE:ENB) shares passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $48.10 and traded as low as $46.38. Enbridge shares last traded at $46.8350, with a volume of 10,477,675 shares.

Enbridge News Summary

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge reported third-quarter adjusted earnings of C$0.39 per share, above the C$0.36 consensus, with revenue also topping estimates. Profit rose substantially from a year earlier, supported in part by its natural gas businesses. Article: Enbridge Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: The company reaffirmed its 2026 financial guidance and said more than C$3 billion of gas transmission projects entered service, supporting its growth and earnings outlook. Article: Enbridge Reports Strong Third Quarter Results
• Neutral Sentiment: Enbridge is exploring a pipeline role in Canada’s Pathways carbon-capture network. It also plans to acquire Tallgrass Crude to expand its Rockies pipeline corridor; these opportunities could add growth, though the reports do not detail their financial impact. Article: Enbridge and the Pathways carbon-capture network
• Neutral Sentiment: CEO Greg Ebel is set to retire in January, with Michele Harradence stepping up. The planned transition could be worth watching, but no change in strategy is reported. Article: Enbridge CEO to Retire

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ENB shares. National Bank Financial upgraded Enbridge from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, September 15th. US Capital Advisors raised Enbridge from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 20th. Royal Bank Of Canada raised their price objective on shares of Enbridge from $79.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. TD upgraded Enbridge to a “buy” rating in a research note on Tuesday, September 15th. Finally, Wall Street Zen raised Enbridge from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.88.

Enbridge Trading Down 2.7%

The company has a debt-to-equity ratio of 1.69, a current ratio of 0.72 and a quick ratio of 0.66. The business’s 50 day simple moving average is $48.10 and its 200 day simple moving average is $52.18. The stock has a market cap of $104.39 billion, a P/E ratio of 25.05, a PEG ratio of 5.91 and a beta of 0.59.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, November 6th. The pipeline company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Enbridge had a return on equity of 11.17% and a net margin of 7.20%. The firm had revenue of $21.08 billion for the quarter, compared to the consensus estimate of $9.62 billion. On average, analysts expect that Enbridge Inc will post 2.08 earnings per share for the current fiscal year.

Enbridge Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be issued a C$0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Friday, November 13th. Enbridge’s payout ratio is 147.06%.

Institutional Investors Weigh In On Enbridge

Institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG acquired a new position in Enbridge during the second quarter worth $1,850,502,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Enbridge by 18.4% in the 2nd 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 stake in Enbridge by 1.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 16,456,664 shares of the pipeline company’s stock valued at $760,553,000 after buying an additional 266,866 shares during the last quarter. Amundi lifted its position in shares of Enbridge by 8.5% during the 2nd 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 during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Enbridge by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,079,469 shares of the pipeline company’s stock worth $599,709,000 after buying an additional 268,800 shares during the period. 54.60% of the stock is currently owned by institutional investors and hedge funds.

About Enbridge

Enbridge Inc is a North American energy infrastructure company that transports and distributes energy. Its businesses include crude oil and liquids pipelines, natural gas transmission and storage, and natural gas utilities that serve homes and businesses.

Founded in 1949 as Interprovincial Pipe Line Company, Enbridge has grown into a cross-border operator serving customers and energy markets in Canada and the United States. Its infrastructure moves crude oil, natural gas and natural gas liquids, connecting producers with refineries, utilities and other markets.

Enbridge also invests in renewable power, including wind and solar projects, alongside its energy transportation and distribution operations.