Enbridge (NYSE:ENB) Hits New 52-Week High - Should You Buy?

Key Points

• 52-week high: Enbridge shares reached a new 52-week high at $55.09 (last $55.062) on Tuesday with about 828,890 shares traded, the stock was up roughly 1.5%.
• Mixed analyst view but positive consensus: Wall Street sentiment is mixed (recent downgrades and holds), yet the consensus is a "Moderate Buy" with an average price target of $65.00.
• Fundamentals and growth cues: Enbridge beat Q4 EPS estimates ($0.63 vs. $0.60), US Capital Advisors raised its FY2027 EPS forecast to $2.30, and management flagged expected Gulf Coast re‑exports and pipeline-driven throughput growth as potential support for earnings and dividends.

Enbridge Inc (NYSE:ENB - Get Free Report) TSE: ENB shares reached a new 52-week high on Tuesday . The company traded as high as $55.09 and last traded at $55.0620, with a volume of 828890 shares changing hands. The stock had previously closed at $54.16.

Key Headlines Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: US Capital Advisors raised its FY2027 EPS forecast to $2.30 (from $2.19) and increased multiple quarterly estimates (notably Q4 2026 to $0.64 and Q1 2027 to $0.75), signaling a modestly improved earnings trajectory that can support valuation and dividend coverage. Read More.
• Positive Sentiment: Enbridge management told CERAWeek that Gulf Coast re‑exports of Canadian heavy crude are set to surge as approved/proposed pipeline projects move more Canadian oil to the U.S. — a volume/throughput growth cue for Enbridge’s crude pipeline business. Read More.
• Neutral Sentiment: US Capital Advisors made several small quarterly tweaks (e.g., trimming Q2 2026 to $0.44 from $0.45 while raising other quarters slightly). These are mixed, largely minor estimate adjustments rather than large directional revisions. Read More.
• Neutral Sentiment: Opinion coverage is mixed on valuation — a recent piece highlights strong fundamentals and growth prospects but also raises the question of whether ENB is near a price peak; useful context for investors balancing growth vs. valuation risk. Read More.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ENB shares. TD Securities downgraded Enbridge from a "buy" rating to a "hold" rating in a research note on Tuesday, February 17th. BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a report on Tuesday, February 17th. Scotiabank reissued an "outperform" rating on shares of Enbridge in a research report on Tuesday, February 17th. Zacks Research upgraded Enbridge from a "strong sell" rating to a "hold" rating in a research note on Monday, December 29th. Finally, Wall Street Zen raised Enbridge from a "sell" rating to a "hold" rating in a research report on Saturday. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $65.00.

Enbridge Stock Up 1.5%

The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 1.70. The firm has a market cap of $119.94 billion, a PE ratio of 23.88 and a beta of 0.67. The stock has a fifty day simple moving average of $51.19 and a two-hundred day simple moving average of $49.06.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings results on Friday, February 13th. The pipeline company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.03. Enbridge had a net margin of 11.30% and a return on equity of 11.19%. The firm had revenue of $17.18 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. As a group, sell-side analysts expect that Enbridge Inc will post 2.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ENB. Norges Bank purchased a new stake in shares of Enbridge in the fourth quarter worth $1,195,559,000. Auto Owners Insurance Co grew its position in Enbridge by 4,683.0% during the fourth quarter. Auto Owners Insurance Co now owns 8,566,831 shares of the pipeline company's stock worth $40,975,000 after buying an additional 8,387,721 shares in the last quarter. Bank of Nova Scotia increased its stake in Enbridge by 118.0% in the 3rd quarter. Bank of Nova Scotia now owns 9,526,380 shares of the pipeline company's stock worth $480,518,000 after acquiring an additional 5,157,030 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Enbridge by 38.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 13,213,321 shares of the pipeline company's stock valued at $599,556,000 after acquiring an additional 3,687,334 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Enbridge in the 2nd quarter valued at about $132,105,000. 54.60% of the stock is owned by institutional investors.

About Enbridge

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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