54,791 Shares of Enbridge Inc $ENB Purchased by CenterBook Partners LP

Key Points

• CenterBook Partners LP acquired 54,791 Enbridge shares in the third quarter, worth approximately $2.55 million; institutional investors collectively own 54.6% of the stock.
• Enbridge reported third-quarter adjusted earnings of C$0.39 per share, beating the C$0.36 consensus, and reaffirmed its 2026 financial guidance.
• The company announced a quarterly dividend of C$0.97 per share, equivalent to an annualized yield of about 8.3%; its reported dividend payout ratio is 147.06%.

CenterBook Partners LP bought a new stake in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 54,791 shares of the pipeline company's stock, valued at approximately $2,547,000.

A number of other large investors also recently added to or reduced their stakes in the business. Asset One Wealth Management LLC bought a new stake in shares of Enbridge during the third quarter valued at approximately $369,000. International Assets Investment Management LLC boosted its position in shares of Enbridge by 87.3% during the third quarter. International Assets Investment Management LLC now owns 16,666 shares of the pipeline company's stock worth $771,000 after acquiring an additional 7,767 shares during the last quarter. Calamos Wealth Management LLC boosted its position in shares of Enbridge by 19.9% during the third quarter. Calamos Wealth Management LLC now owns 4,886 shares of the pipeline company's stock worth $227,000 after acquiring an additional 810 shares during the last quarter. Kestra Advisory Services LLC boosted its position in shares of Enbridge by 9.6% during the third quarter. Kestra Advisory Services LLC now owns 330,925 shares of the pipeline company's stock worth $15,385,000 after acquiring an additional 28,911 shares during the last quarter. Finally, Telos Capital Management Inc. grew its stake in Enbridge by 0.9% during the third quarter. Telos Capital Management Inc. now owns 125,524 shares of the pipeline company's stock valued at $5,836,000 after acquiring an additional 1,077 shares in the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge News Summary

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge reported third-quarter adjusted earnings of C$0.39 per share, above the C$0.36 consensus, with revenue also topping estimates. Profit rose substantially from a year earlier, supported in part by its natural gas businesses. Article: Enbridge Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: The company reaffirmed its 2026 financial guidance and said more than C$3 billion of gas transmission projects entered service, supporting its growth and earnings outlook. Article: Enbridge Reports Strong Third Quarter Results
• Neutral Sentiment: Enbridge is exploring a pipeline role in Canada’s Pathways carbon-capture network. It also plans to acquire Tallgrass Crude to expand its Rockies pipeline corridor; these opportunities could add growth, though the reports do not detail their financial impact. Article: Enbridge and the Pathways carbon-capture network
• Neutral Sentiment: CEO Greg Ebel is set to retire in January, with Michele Harradence stepping up. The planned transition could be worth watching, but no change in strategy is reported. Article: Enbridge CEO to Retire

Enbridge Stock Down 0.1%

NYSE ENB opened at $46.84 on Monday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market capitalization of $104.39 billion, a P/E ratio of 22.96, a P/E/G ratio of 5.63 and a beta of 0.59. Enbridge Inc has a one year low of $45.03 and a one year high of $58.45. The stock has a 50 day moving average price of $48.10 and a 200-day moving average price of $52.18.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings results on Friday, November 6th. The pipeline company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. Enbridge had a net margin of 7.37% and a return on equity of 11.68%. The company had revenue of $21.08 billion for the quarter, compared to analysts' expectations of $9.62 billion. As a group, equities analysts predict that Enbridge Inc will post 2.08 EPS for the current fiscal year.

Enbridge Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a C$0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Friday, November 13th. Enbridge's dividend payout ratio (DPR) is presently 147.06%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Scotiabank upgraded shares of Enbridge to a "strong-buy" rating in a report on Thursday, September 17th. Royal Bank Of Canada increased their price objective on shares of Enbridge from $79.00 to $84.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Weiss Ratings lowered Enbridge from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday, November 2nd. Wall Street Zen raised Enbridge from a "sell" rating to a "hold" rating in a report on Sunday, July 12th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Enbridge in a report on Tuesday, September 15th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.88.

Enbridge Company Profile

Enbridge Inc is a North American energy infrastructure company that transports and distributes energy. Its businesses include crude oil and liquids pipelines, natural gas transmission and storage, and natural gas utilities that serve homes and businesses.

Founded in 1949 as Interprovincial Pipe Line Company, Enbridge has grown into a cross-border operator serving customers and energy markets in Canada and the United States. Its infrastructure moves crude oil, natural gas and natural gas liquids, connecting producers with refineries, utilities and other markets.

Enbridge also invests in renewable power, including wind and solar projects, alongside its energy transportation and distribution operations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.