Barrow Hanley Mewhinney & Strauss LLC reduced its holdings in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 9.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,895,425 shares of the pipeline company's stock after selling 199,727 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.09% of Enbridge worth $102,751,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in ENB. Triumph Capital Management acquired a new stake in Enbridge in the third quarter worth about $26,000. Arlington Trust Co LLC increased its stake 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 acquiring an additional 267 shares during the period. Turning Point Benefit Group Inc. purchased a new position in shares of Enbridge during the third quarter worth $28,000. Inspire Investing LLC purchased a new position in shares of Enbridge during the fourth quarter worth $29,000. Finally, Garner Asset Management Corp acquired a new position in Enbridge during the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 54.60% of the company's stock.
Key Enbridge News
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 Trading Up 0.0%
Shares of NYSE:ENB opened at $50.48 on Monday. The business's 50 day moving average price is $54.14 and its 200-day moving average price is $54.03. Enbridge Inc has a 1 year low of $45.03 and a 1 year high of $58.45. The firm has a market capitalization of $110.25 billion, a price-to-earnings ratio of 26.99 and a beta of 0.58. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.72 and a quick ratio of 0.66.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings results on Friday, July 31st. The pipeline company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The company had revenue of $9.70 billion during the quarter, compared to analyst estimates 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. On average, equities research analysts forecast that Enbridge Inc will post 2.11 earnings per share for the current fiscal year.
Enbridge Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Friday, August 14th. Enbridge's dividend payout ratio is 147.06%.
Analyst Ratings Changes
ENB has been the topic of a number of recent research reports. Weiss Ratings restated a "buy (b)" rating on shares of Enbridge in a research note on Wednesday. Royal Bank Of Canada boosted their price target on Enbridge from $79.00 to $84.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Raymond James Financial cut shares of Enbridge from an "outperform" rating to a "market perform" rating in a research note on Friday, July 31st. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating on shares of Enbridge in a report on Monday, May 11th. Finally, US Capital Advisors upgraded shares of Enbridge from a "hold" rating to a "moderate buy" rating in a research note on Thursday. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $67.00.
Get Our Latest Research Report on ENB
Enbridge Company Profile
(
Free Report)
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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