Evanson Financial LLC Takes $917,000 Position in Enbridge Inc $ENB

Evanson Financial LLC bought a new position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 16,908 shares of the pipeline company’s stock, valued at approximately $917,000.

Several other large investors also recently modified their holdings of ENB. Vanguard Group Inc. increased its holdings in Enbridge by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 100,364,993 shares of the pipeline company’s stock valued at $4,802,766,000 after purchasing an additional 2,067,516 shares during the period. Norges Bank purchased a new stake in Enbridge in the 4th quarter worth approximately $1,195,559,000. Geode Capital Management LLC lifted its holdings in Enbridge by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 21,421,826 shares of the pipeline company’s stock worth $1,045,172,000 after buying an additional 1,415,995 shares during the period. Legal & General Group Plc grew its position in shares of Enbridge by 4.6% in the 4th quarter. Legal & General Group Plc now owns 19,677,864 shares of the pipeline company’s stock worth $942,806,000 after buying an additional 858,323 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in shares of Enbridge by 4.9% in the 4th quarter. Mackenzie Financial Corp now owns 18,163,267 shares of the pipeline company’s stock worth $870,577,000 after buying an additional 844,594 shares during the last quarter. 54.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ENB shares. Raymond James Financial cut Enbridge from an “outperform” rating to a “market perform” rating in a research note on Friday, July 31st. Scotiabank reiterated an “outperform” rating on shares of Enbridge in a report on Tuesday, July 21st. TD Securities reissued a “hold” rating on shares of Enbridge in a research report on Thursday, July 16th. Wall Street Zen upgraded shares of Enbridge from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Wolfe Research set a $50.00 target price on shares of Enbridge in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Enbridge presently has a consensus rating of “Hold” and a consensus target price of $62.67.

Enbridge Stock Down 0.7%

ENB stock opened at $51.35 on Friday. Enbridge Inc has a fifty-two week low of $45.03 and a fifty-two week high of $58.45. The business’s 50 day moving average price is $55.14 and its two-hundred day moving average price is $53.78. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.73 and a current ratio of 0.72. 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 (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, July 31st. The pipeline company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. Enbridge had a return on equity of 11.17% and a net margin of 7.20%.The company had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $8.67 billion. During the same quarter last year, the business posted $0.65 EPS. As a group, analysts forecast that Enbridge Inc will post 2.1 earnings per share for the current fiscal year.

Enbridge Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.97 dividend. The ex-dividend date 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 is 152.41%.

Enbridge News Roundup

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 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.