PensionDanmark Pensionsforsikringsaktieselskab Acquires 64,517 Shares of Enbridge Inc $ENB

PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 25.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 322,183 shares of the pipeline company’s stock after buying an additional 64,517 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Enbridge were worth $17,465,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Third View Private Wealth LLC bought a new stake in Enbridge during the 4th quarter valued at about $3,691,000. Vanguard Group Inc. grew its stake in Enbridge by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 100,364,993 shares of the pipeline company’s stock worth $4,802,766,000 after acquiring an additional 2,067,516 shares in the last quarter. RNC Capital Management LLC increased its position in shares of Enbridge by 1.6% during the fourth quarter. RNC Capital Management LLC now owns 1,446,697 shares of the pipeline company’s stock worth $69,196,000 after acquiring an additional 22,637 shares during the period. Thomasville National Bank increased its position in shares of Enbridge by 3.0% during the fourth quarter. Thomasville National Bank now owns 868,003 shares of the pipeline company’s stock worth $41,517,000 after acquiring an additional 24,993 shares during the period. Finally, Intact Investment Management Inc. raised its stake in shares of Enbridge by 22.8% during the fourth quarter. Intact Investment Management Inc. now owns 987,976 shares of the pipeline company’s stock valued at $47,275,000 after acquiring an additional 183,163 shares in the last quarter. Institutional investors own 54.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ENB. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Enbridge in a report on Monday, May 11th. Royal Bank Of Canada lifted their target price on Enbridge from $79.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Wolfe Research set a $50.00 price target on Enbridge in a research report on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of Enbridge in a research note on Friday, May 22nd. Finally, Raymond James Financial downgraded Enbridge from an “outperform” rating to a “market perform” rating in a report on Friday, July 31st. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Enbridge currently has a consensus rating of “Hold” and an average target price of $62.67.

Enbridge Stock Performance

Shares of NYSE:ENB opened at $51.35 on Friday. The firm has a 50 day moving average of $55.14 and a 200 day moving average of $53.78. The company has a quick ratio of 0.73, a current ratio of 0.72 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $112.15 billion, a price-to-earnings ratio of 27.46 and a beta of 0.58. Enbridge Inc has a 52 week low of $45.03 and a 52 week high of $58.45.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, July 31st. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. Enbridge had a return on equity of 11.17% and a net margin of 7.20%.The business had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $8.67 billion. During the same quarter last year, the firm earned $0.65 EPS. On average, sell-side analysts predict that Enbridge Inc will post 2.1 earnings per share for the current fiscal year.

Enbridge Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.88 dividend on an annualized basis and a yield of 7.6%. Enbridge’s dividend payout ratio (DPR) is presently 152.41%.

Trending Headlines about Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge reported strong second-quarter results, with earnings of $0.46 per share versus the $0.43 analyst consensus and revenue of $9.70 billion, ahead of the $8.67 billion estimate. The results reinforce the company’s relatively resilient, fee-based infrastructure model. Enbridge Delivers Strong Q2 Results: Is the Stock Still a Buy?
• Positive Sentiment: Enbridge Gas Ohio is seeking a rate increase that could generate approximately $163 million in additional annual revenue. If approved, the request could improve the utility’s cost recovery and cash flow, although regulators and consumer advocates are challenging the proposal. Enbridge Wants $163M More From Ohio Gas Customers, Regulators Push Back
• Neutral Sentiment: Public hearings on the proposed Enbridge Gas Ohio rate increase are beginning, putting the size and timing of any customer-bill adjustments in the hands of regulators. Public hearings set to begin on proposed Enbridge Gas Ohio rate increase
• Neutral Sentiment: Analyst sentiment remains mixed: Scotiabank maintained an “Outperform” rating but trimmed its Enbridge EPS forecasts slightly to $2.10 for fiscal 2026 and $2.31 for fiscal 2027, signaling limited near-term earnings pressure rather than a fundamental downgrade. Analysts’ Opinions Are Mixed on These Energy Stocks
• Negative Sentiment: A federal appeals court reportedly found Enbridge trespassing on tribal lands and ordered removal of the Line 5 pipeline. The ruling could create major disruption, legal costs and uncertainty for a strategically important asset. Federal appeals court finds Enbridge trespassing on tribal lands, must remove Line 5
• Negative Sentiment: The Michigan Supreme Court vacated approval of Enbridge’s Line 5 tunnel project, sending the matter back to regulators and potentially delaying or complicating the company’s preferred risk-mitigation plan. Mich. Supreme Court Vacates Line 5 Tunnel Approval
• Negative Sentiment: Regulatory resistance to the Ohio rate request, combined with reports of local gas-line breaks, raises concerns about the timing of cost recovery, infrastructure reliability and potential reputational costs. Orange mayor working with Enbridge Gas to try to prevent future gas line breaks

Enbridge 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.