Enbridge Inc (NYSE:ENB) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts rate Enbridge “Moderate Buy”: Nine of 15 brokerages recommend buying the stock, one rates it a strong buy, and five advise holding. The average 12-month price target is $65.88 versus a recent price of $49.43.
• Enbridge’s regulated, fee-based infrastructure and 31-year record of dividend increases continue to support its appeal to income-focused investors, while institutional investors own 54.6% of outstanding shares.
• Upcoming earnings are a key catalyst, with Wall Street expecting year-over-year growth; however, reduced EPS forecasts and a lack of strong estimate-revision momentum could limit the potential for a positive surprise.

Shares of Enbridge Inc (NYSE:ENB - Get Free Report) TSE: ENB have earned an average rating of "Moderate Buy" from the fifteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $65.88.

A number of equities analysts recently issued reports on the company. US Capital Advisors upgraded Enbridge from a "hold" rating to a "moderate buy" rating in a research note on Thursday, August 20th. Wolfe Research set a $50.00 price objective on Enbridge in a report on Tuesday, August 4th. TD upgraded Enbridge to a "buy" rating in a research note on Tuesday, September 15th. TD Securities reaffirmed a "buy" rating on shares of Enbridge in a report on Friday, October 16th. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of Enbridge in a report on Monday, September 14th.

Key Enbridge News

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge’s essential pipeline and utility infrastructure, recent acquisitions, and double-digit revenue growth provide a more stable profile than many energy producers. Its dividend has increased for 31 consecutive years, supporting the stock’s appeal to income-focused investors. Enbridge's Earnings Slipped Last Quarter. Its Dividend Didn't.
• Positive Sentiment: Recent comparison articles continue to identify Enbridge as a potentially attractive value and income investment, particularly because its regulated and fee-based operations can be less sensitive to oil-price volatility than an integrated producer such as Chevron. Chevron vs. Enbridge: Which Energy Giant Makes More Money Off the Iran War Oil Price Shock?
• Neutral Sentiment: Enbridge is scheduled to report earnings soon, with Wall Street expecting year-over-year earnings growth. The report could become the next major catalyst, particularly for updates on cash flow, acquisition integration, and dividend coverage. Enbridge Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Despite the expected earnings growth, Zacks noted that Enbridge lacks the combination of estimate revisions and earnings-surprise momentum that typically supports a likely earnings beat. That may be limiting upside ahead of the report. Enbridge Earnings Expectations
• Negative Sentiment: US Capital Advisors reduced its EPS forecasts for the upcoming quarter and several 2027 periods, including lowering its FY2027 estimate to $2.35 from $2.41. The firm maintained a “Moderate Buy” rating, but the cuts signal softer near-term expectations. US Capital Advisors Forecasts Enbridge FY2028 Earnings

Enbridge Stock Performance

Shares of Enbridge stock opened at $49.43 on Friday. The firm has a market capitalization of $110.17 billion, a P/E ratio of 26.43, a PEG ratio of 5.91 and a beta of 0.60. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.69. The company has a 50 day moving average price of $48.28 and a 200 day moving average price of $52.15. Enbridge has a 52 week low of $45.03 and a 52 week high of $58.45.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its earnings results on Friday, July 31st. The pipeline company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The company had revenue of $9.70 billion for the quarter, compared to the consensus estimate of $8.67 billion. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. During the same quarter in the previous year, the firm earned $0.65 EPS. Sell-side analysts expect that Enbridge will post 2.08 EPS for the current year.

Institutional Trading of Enbridge

Several institutional investors and hedge funds have recently bought and sold shares of the business. Deutsche Bank AG purchased a new position in Enbridge during the second quarter worth about $1,850,502,000. Connor Clark & Lunn Investment Management Ltd. increased its stake 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 valued at $1,117,353,000 after purchasing an additional 3,205,322 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in Enbridge by 1.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 16,189,798 shares of the pipeline company's stock valued at $863,952,000 after purchasing an additional 164,934 shares in the last quarter. Amundi raised its holdings in Enbridge by 8.5% during the second quarter. Amundi now owns 11,948,497 shares of the pipeline company's stock worth $647,728,000 after purchasing an additional 936,435 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Enbridge by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 11,079,469 shares of the pipeline company's stock worth $599,709,000 after purchasing an additional 268,800 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

About Enbridge

Enbridge Inc is a Canadian energy infrastructure company that operates one of the largest pipeline and energy delivery networks in North America. Its businesses transport crude oil and other liquid hydrocarbons, move and store natural gas, and deliver natural gas to residential, commercial and industrial customers.

The company's operations span Canada and the United States, including extensive pipeline systems serving major producing regions, refineries and population centers. Enbridge also develops and operates renewable power assets, including offshore and onshore wind projects, solar facilities and other lower-carbon energy infrastructure.

Enbridge traces its history to the Interprovincial Pipe Line Company, founded in 1949 to transport Canadian crude oil.

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