Bank of New York Mellon Corp Acquires Shares of 7,611,637 Enbridge Inc $ENB

Key Points

• Bank of New York Mellon acquired 7.61 million Enbridge shares worth approximately $412.6 million, representing about 0.35% of the company. Institutional investors collectively own 54.6% of Enbridge.
• Enbridge exceeded quarterly expectations, reporting $0.46 in adjusted earnings per share versus the $0.43 consensus and $9.70 billion in revenue versus estimates of $8.67 billion. The company also declared a $0.97 quarterly dividend, equivalent to a 7.7% annualized yield.
• Analysts have a mixed outlook, with five Buy and seven Hold ratings and a consensus target price of $67.00. While Enbridge benefits from a large growth backlog and long dividend-growth record, elevated leverage and potential competition for pipeline volumes remain key risks.

Bank of New York Mellon Corp acquired a new stake in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,611,637 shares of the pipeline company's stock, valued at approximately $412,627,000. Bank of New York Mellon Corp owned about 0.35% of Enbridge at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Arlington Trust Co LLC grew its holdings in shares of Enbridge by 114.6% in the second quarter. Arlington Trust Co LLC now owns 500 shares of the pipeline company's stock worth $27,000 after purchasing an additional 267 shares during the last quarter. Triumph Capital Management bought a new stake in Enbridge during the 3rd quarter valued at about $26,000. Turning Point Benefit Group Inc. purchased a new stake in Enbridge in the 3rd quarter valued at about $28,000. Inspire Investing LLC purchased a new stake in Enbridge in the 4th quarter valued at about $29,000. Finally, Imprint Wealth LLC bought a new position in Enbridge in the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 54.60% of the company's stock.

Enbridge Stock Performance

Shares of ENB opened at $50.48 on Friday. The stock has a 50-day moving average of $54.14 and a two-hundred day moving average of $53.99. Enbridge Inc has a one year low of $45.03 and a one year high of $58.45. 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 stock has a market cap of $110.25 billion, a P/E ratio of 26.99 and a beta of 0.58.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings data on Friday, July 31st. The pipeline company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. The business had revenue of $9.70 billion for the quarter, compared to analyst estimates of $8.67 billion. Enbridge had a return on equity of 11.17% and a net margin of 7.20%.During the same period in the prior year, the company earned $0.65 earnings per share. As a group, research analysts predict that Enbridge Inc will post 2.11 EPS for the current year.

Enbridge Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ENB. Wall Street Zen raised shares of Enbridge from a "sell" rating to a "hold" rating in a research note on Sunday, July 12th. US Capital Advisors upgraded Enbridge from a "hold" rating to a "moderate buy" rating in a report on Thursday. Royal Bank Of Canada lifted their target price on Enbridge from $79.00 to $84.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Raymond James Financial cut Enbridge from an "outperform" rating to a "market perform" rating in a report on Friday, July 31st. Finally, Wolfe Research set a $50.00 price target on Enbridge in a research report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $67.00.

Enbridge News Roundup

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

Enbridge 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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