Commonwealth Equity Services LLC Sells 29,234 Shares of Enbridge Inc $ENB

Key Points

• Commonwealth Equity Services cut its Enbridge stake by 4.1%, selling 29,234 shares in the third quarter and retaining 692,181 shares valued at about $32.2 million.
• Enbridge reported quarterly EPS of C$0.39, beating the C$0.36 consensus, and revenue of $21.08 billion; it also 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%.

Commonwealth Equity Services LLC lowered its position in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 692,181 shares of the pipeline company's stock after selling 29,234 shares during the period. Commonwealth Equity Services LLC's holdings in Enbridge were worth $32,179,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC raised its stake in shares of Enbridge by 1.0% during the third quarter. Pathway Financial Advisers LLC now owns 125,409 shares of the pipeline company's stock valued at $5,830,000 after acquiring an additional 1,289 shares during the last quarter. 3Chopt Investment Partners LLC grew its stake in shares of Enbridge by 22.8% in the third quarter. 3Chopt Investment Partners LLC now owns 5,294 shares of the pipeline company's stock worth $246,000 after purchasing an additional 984 shares during the last quarter. Compass Financial Management LLC bought a new stake in shares of Enbridge in the third quarter worth about $1,175,000. Mraz Amerine & Associates Inc. increased its holdings in Enbridge by 28.5% during the 3rd quarter. Mraz Amerine & Associates Inc. now owns 6,313 shares of the pipeline company's stock valued at $293,000 after purchasing an additional 1,400 shares during the period. Finally, Provenance Wealth Advisors LLC purchased a new position in Enbridge during the 3rd quarter valued at about $67,000. Hedge funds and other institutional investors own 54.60% of the company's stock.

Trending Headlines about Enbridge

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%

ENB stock opened at $46.84 on Monday. Enbridge Inc has a 1-year low of $45.03 and a 1-year high of $58.45. The business has a fifty day moving average price of $48.10 and a 200-day moving average price of $52.18. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.72 and a quick ratio of 0.66. The stock 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 (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 (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.03. Enbridge had a return on equity of 11.68% and a net margin of 7.37%. The firm had revenue of $21.08 billion for the quarter, compared to the consensus estimate of $9.62 billion. Equities analysts forecast that Enbridge Inc will post 2.08 earnings per share for the current fiscal year.

Enbridge Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on ENB shares. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Enbridge in a research report on Thursday, October 22nd. Weiss Ratings cut shares of Enbridge from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, November 2nd. TD Securities reiterated a "buy" rating on shares of Enbridge in a research note on Friday, October 16th. Royal Bank Of Canada upped their target price on shares of Enbridge from $79.00 to $84.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Finally, US Capital Advisors upgraded shares of Enbridge from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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