Korea Investment CORP Lowers Stock Holdings in Enbridge Inc $ENB

Korea Investment CORP lessened its holdings in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 18.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,042,981 shares of the pipeline company’s stock after selling 230,950 shares during the quarter. Korea Investment CORP’s holdings in Enbridge were worth $56,540,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ENB. EP Wealth Advisors LLC grew its holdings in Enbridge by 32.7% in the 2nd quarter. EP Wealth Advisors LLC now owns 44,804 shares of the pipeline company’s stock valued at $2,429,000 after buying an additional 11,052 shares during the period. Ieq Capital LLC lifted its stake in shares of Enbridge by 72.8% during the second quarter. Ieq Capital LLC now owns 37,596 shares of the pipeline company’s stock worth $2,038,000 after purchasing an additional 15,843 shares in the last quarter. OneAscent Family Office LLC purchased a new position in Enbridge in the 2nd quarter worth approximately $204,000. TrinityBridge Ltd grew its holdings in Enbridge by 8.0% during the 2nd quarter. TrinityBridge Ltd now owns 57,970 shares of the pipeline company’s stock valued at $3,143,000 after purchasing an additional 4,300 shares in the last quarter. Finally, Ninepoint Partners LP acquired a new stake in shares of Enbridge during the second quarter valued at about $27,518,000. Hedge funds and other institutional investors own 54.60% of the company’s stock.

More Enbridge News

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: US Capital Advisors upgraded Enbridge from “hold” to “moderate buy,” signaling improved confidence in the company’s risk-reward profile at recent valuation levels. Zacks.com
• Positive Sentiment: US Capital Advisors raised its earnings forecasts across several periods. Estimates increased to $0.43 per share for Q3 2026, $0.61 for Q4 2026, $0.48 for Q2 2027, $0.46 for Q3 2027 and $0.69 for Q4 2027. Its FY2027 forecast rose to $2.41 per share from $2.24, above the current full-year consensus of $2.11. These revisions suggest expectations for stronger earnings momentum. MarketBeat analyst estimates
• Positive Sentiment: Enbridge’s long dividend-growth record remains attractive to income investors. The company has increased its dividend for 31 consecutive years, and the recent share-price pullback may improve its yield and valuation appeal. Enbridge dividend analysis
• Neutral Sentiment: Some analysis suggests Enbridge is fairly valued after generating roughly a 93% total return over five years, limiting the potential for near-term multiple expansion despite its infrastructure cash flows. Enbridge valuation analysis
• Negative Sentiment: Risks include weaker second-quarter results, elevated leverage and competition. Enbridge has a roughly CAD 41 billion secured growth backlog, but competing egress pipelines could pressure volumes on its Mainline System, which contributes about one-third of EBITDA. Debt-to-EBITDA of approximately 5.1 times also exceeds the company’s preferred range and leaves earnings more exposed to interest costs. Enbridge growth backlog and Mainline risks

Wall Street Analyst Weigh In

Several research firms recently issued reports on ENB. Scotiabank reaffirmed an “outperform” rating on shares of Enbridge in a report on Tuesday, July 21st. BMO Capital Markets reissued a “market perform” rating on shares of Enbridge in a report on Monday, August 3rd. Wall Street Zen upgraded Enbridge from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Wolfe Research set a $50.00 target price on Enbridge in a report on Tuesday, August 4th. Finally, TD Securities reiterated a “hold” rating on shares of Enbridge in a research report on Thursday, July 16th. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $67.00.

Enbridge Stock Down 1.0%

ENB opened at $50.48 on Friday. The stock’s 50 day moving average price is $54.14 and its 200 day moving average price is $53.99. 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 stock has a market cap of $110.25 billion, a P/E ratio of 26.99 and a beta of 0.58. Enbridge Inc has a 12 month low of $45.03 and a 12 month high of $58.45.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, July 31st. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. The company had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $8.67 billion. Enbridge had a return on equity of 11.17% and a net margin of 7.20%.During the same quarter in the prior year, the business posted $0.65 earnings per share. As a group, research analysts predict that Enbridge Inc will post 2.11 earnings per share for the current year.

Enbridge Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Friday, August 14th. Enbridge’s dividend payout ratio is currently 147.06%.

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.