Enbridge Inc (NYSE:ENB) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Enbridge Inc (NYSE:ENB - Get Free Report) TSE: ENB have been assigned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $65.00.

Several research analysts have recently weighed in on ENB shares. Citigroup reiterated a "buy" rating on shares of Enbridge in a research note on Thursday, February 19th. Royal Bank Of Canada increased their price target on Enbridge from $72.00 to $76.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 17th. Scotiabank reiterated an "outperform" rating on shares of Enbridge in a research note on Tuesday, February 17th. Wall Street Zen downgraded Enbridge from a "hold" rating to a "sell" rating in a research note on Saturday, April 4th. Finally, TD Securities downgraded Enbridge from a "buy" rating to a "hold" rating in a research note on Tuesday, February 17th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Retirement Planning Group LLC boosted its stake in Enbridge by 3.6% in the 1st quarter. Retirement Planning Group LLC now owns 5,357 shares of the pipeline company's stock worth $290,000 after purchasing an additional 187 shares during the period. PFG Investments LLC boosted its stake in Enbridge by 0.9% in the 1st quarter. PFG Investments LLC now owns 22,208 shares of the pipeline company's stock worth $1,202,000 after purchasing an additional 202 shares during the period. MIdWestOne Financial Group Inc. boosted its stake in Enbridge by 4.3% in the 4th quarter. MIdWestOne Financial Group Inc. now owns 4,906 shares of the pipeline company's stock worth $235,000 after purchasing an additional 203 shares during the period. Sumitomo Life Insurance Co. boosted its stake in Enbridge by 1.1% in the 4th quarter. Sumitomo Life Insurance Co. now owns 18,621 shares of the pipeline company's stock worth $891,000 after purchasing an additional 205 shares during the period. Finally, Arete Wealth Advisors LLC boosted its stake in Enbridge by 4.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 4,914 shares of the pipeline company's stock worth $235,000 after purchasing an additional 208 shares during the period. Institutional investors own 54.60% of the company's stock.

Key Stories Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge reported first-quarter earnings that topped expectations, helped by stronger gas transmission volumes tied to robust power demand. The company also reaffirmed its 2026 financial guidance, which can reassure investors about the outlook. Enbridge beats first-quarter profit estimates
• Positive Sentiment: Management said secured backlog grew to $40 billion, signaling continued project visibility and future growth potential. Enbridge Reports Strong First Quarter Results, Reaffirms 2026 Financial Guidance, and Grows Secured Backlog to $40 Billion
• Neutral Sentiment: Enbridge’s latest dividend declaration reinforces its appeal as an income stock, with a high yield supporting investor interest, but this is unlikely to be a major near-term catalyst. Enbridge Inc. Announces Election of Directors
• Negative Sentiment: Some coverage highlighted that first-quarter profit fell on derivative losses and softer operating results, which may be tempering enthusiasm despite the earnings beat. Enbridge 1Q Profit Falls on Derivative Losses, Softer Operating Results

Enbridge Trading Down 0.7%

Shares of Enbridge stock opened at $53.59 on Friday. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.63 and a quick ratio of 0.55. The firm has a market cap of $117.01 billion, a PE ratio of 23.30 and a beta of 0.59. Enbridge has a 1 year low of $43.59 and a 1 year high of $55.49. The stock has a fifty day moving average price of $53.69 and a 200-day moving average price of $50.10.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings results on Friday, May 8th. The pipeline company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.02. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $8.49 billion. Enbridge had a return on equity of 11.19% and a net margin of 11.30%.During the same quarter in the prior year, the company earned $1.03 EPS. Equities research analysts anticipate that Enbridge will post 2.2 EPS for the current year.

Enbridge Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a dividend of $0.97 per share. The ex-dividend date is Friday, May 15th. This represents a $3.88 annualized dividend and a dividend yield of 7.2%. Enbridge's dividend payout ratio is presently 120.87%.

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.

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