M&G PLC Lowers Stock Position in Enbridge Inc $ENB

M&G PLC cut its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 6.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,808,160 shares of the pipeline company’s stock after selling 179,055 shares during the quarter. M&G PLC owned approximately 0.13% of Enbridge worth $141,214,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Enbridge by 2.0% during the third quarter. Vanguard Group Inc. now owns 98,297,477 shares of the pipeline company’s stock worth $4,959,009,000 after acquiring an additional 1,892,491 shares in the last quarter. Norges Bank bought a new stake in shares of Enbridge in the 2nd quarter worth approximately $1,113,368,000. Legal & General Group Plc grew its stake in shares of Enbridge by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 18,861,475 shares of the pipeline company’s stock worth $853,669,000 after buying an additional 207,243 shares during the last quarter. Geode Capital Management LLC increased its position in Enbridge by 20.2% during the 2nd quarter. Geode Capital Management LLC now owns 17,785,430 shares of the pipeline company’s stock valued at $818,620,000 after buying an additional 2,989,992 shares in the last quarter. Finally, Scotia Capital Inc. raised its stake in Enbridge by 0.3% during the second quarter. Scotia Capital Inc. now owns 14,069,558 shares of the pipeline company’s stock valued at $635,774,000 after buying an additional 37,589 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ENB has been the topic of a number of recent research reports. Zacks Research raised Enbridge from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. National Bank Financial restated a “sector perform” rating on shares of Enbridge in a research note on Monday, November 10th. Weiss Ratings raised shares of Enbridge from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Royal Bank Of Canada increased their price target on shares of Enbridge from $67.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, November 10th. Finally, Scotiabank raised shares of Enbridge from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, January 16th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Enbridge currently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

Enbridge Stock Performance

Shares of NYSE ENB opened at $53.86 on Monday. The firm’s 50-day moving average price is $47.96 and its 200-day moving average price is $47.99. Enbridge Inc has a 52-week low of $39.73 and a 52-week high of $54.20. The company has a market cap of $117.52 billion, a PE ratio of 23.42 and a beta of 0.69. The company has a quick ratio of 0.68, a current ratio of 0.80 and a debt-to-equity ratio of 1.64.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Enbridge had a net margin of 11.30% and a return on equity of 11.01%. The company had revenue of $17.18 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. As a group, analysts anticipate that Enbridge Inc will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Tuesday, February 17th will be paid a $0.97 dividend. This is an increase from Enbridge’s previous quarterly dividend of $0.94. The ex-dividend date is Tuesday, February 17th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 7.2%. Enbridge’s dividend payout ratio (DPR) is 147.80%.

Trending Headlines about Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Record 2025 results and reaffirmed guidance — Enbridge posted record full‑year earnings of CAD $7.1B (≈$3.23/sh) for 2025 and reiterated its 2026 financial guidance, while growing secured backlog to $39B, supporting longer‑term cash‑flow visibility. Read More.
• Positive Sentiment: Quarterly beat — Q4 results topped estimates on both earnings and revenue, driven by stronger gas and liquids volumes from higher power and nat‑gas demand, which analysts point to as the main driver of the beat. Read More.
• Positive Sentiment: Market reaction to strong metrics — Detailed releases show EPS and revenue upside versus consensus (company materials and analyst writeups), which is encouraging for near‑term earnings expectations and supports the dividend/cash‑flow story. Read More.
• Positive Sentiment: Unusual bullish options activity — Large call buying (≈81,448 calls, ~3,399% above typical daily call volume) suggests speculative or hedged bullish positioning that can add short‑term buying pressure.
• Neutral Sentiment: Regulatory/filing housekeeping — Enbridge filed its 2025 Form 10‑K, audited financials and set a virtual shareholder meeting; standard disclosure that reduces information uncertainty. Read More.
• Neutral Sentiment: Analyst commentary mixed on longer‑term crude vs. gas dynamics — Some coverage highlights higher dividend potential and Q4 tailwinds from nat‑gas but mixed sentiment remains around crude volume headwinds. Read More.
• Negative Sentiment: Potential competitive headwind from rising crude imports — Reports note increased Venezuelan oil headed to the U.S. Gulf Coast could pressure some crude flows and midstream volumes; management says it’s unfazed, but rising imports are a risk to watch for pipeline throughput. Read More.

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.