Enbridge Inc $ENB Holdings Lowered by NewEdge Advisors LLC

Key Points

• NewEdge Advisors reduced its Enbridge stake by 8.5% in the first quarter, selling 37,606 shares and retaining 402,357 shares valued at approximately $21.8 million. Institutional investors collectively own 54.6% of the company.
• Enbridge exceeded second-quarter expectations, reporting $0.46 in EPS versus $0.43 expected and $9.70 billion in revenue versus $8.67 billion forecast. The company also declared a quarterly dividend of $0.97, representing a 7.6% annualized yield.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $62.67, while legal and regulatory challenges surrounding the Line 5 pipeline and Ohio Gas rate increase create additional uncertainty.

NewEdge Advisors LLC decreased its stake in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 8.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 402,357 shares of the pipeline company's stock after selling 37,606 shares during the quarter. NewEdge Advisors LLC's holdings in Enbridge were worth $21,784,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Retirement Planning Group LLC grew its stake in shares of Enbridge by 3.6% in the 1st quarter. Retirement Planning Group LLC now owns 5,357 shares of the pipeline company's stock worth $290,000 after acquiring an additional 187 shares in the last quarter. PFG Investments LLC lifted its position in shares of Enbridge by 0.9% during the first quarter. PFG Investments LLC now owns 22,208 shares of the pipeline company's stock valued at $1,202,000 after purchasing an additional 202 shares in the last quarter. MIdWestOne Financial Group Inc. lifted its position in shares of Enbridge by 4.3% during the fourth quarter. MIdWestOne Financial Group Inc. now owns 4,906 shares of the pipeline company's stock valued at $235,000 after purchasing an additional 203 shares in the last quarter. Sumitomo Life Insurance Co. boosted its holdings in Enbridge by 1.1% during the fourth quarter. Sumitomo Life Insurance Co. now owns 18,621 shares of the pipeline company's stock worth $891,000 after purchasing an additional 205 shares during the last quarter. Finally, Arete Wealth Advisors LLC boosted its holdings in Enbridge by 4.4% during the fourth quarter. Arete Wealth Advisors LLC now owns 4,914 shares of the pipeline company's stock worth $235,000 after purchasing an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company's stock.

Key Headlines Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge reported strong second-quarter results, with earnings of $0.46 per share versus the $0.43 analyst consensus and revenue of $9.70 billion, ahead of the $8.67 billion estimate. The results reinforce the company’s relatively resilient, fee-based infrastructure model. Enbridge Delivers Strong Q2 Results: Is the Stock Still a Buy?
• Positive Sentiment: Enbridge Gas Ohio is seeking a rate increase that could generate approximately $163 million in additional annual revenue. If approved, the request could improve the utility’s cost recovery and cash flow, although regulators and consumer advocates are challenging the proposal. Enbridge Wants $163M More From Ohio Gas Customers, Regulators Push Back
• Neutral Sentiment: Public hearings on the proposed Enbridge Gas Ohio rate increase are beginning, putting the size and timing of any customer-bill adjustments in the hands of regulators. Public hearings set to begin on proposed Enbridge Gas Ohio rate increase
• Neutral Sentiment: Analyst sentiment remains mixed: Scotiabank maintained an “Outperform” rating but trimmed its Enbridge EPS forecasts slightly to $2.10 for fiscal 2026 and $2.31 for fiscal 2027, signaling limited near-term earnings pressure rather than a fundamental downgrade. Analysts’ Opinions Are Mixed on These Energy Stocks
• Negative Sentiment: A federal appeals court reportedly found Enbridge trespassing on tribal lands and ordered removal of the Line 5 pipeline. The ruling could create major disruption, legal costs and uncertainty for a strategically important asset. Federal appeals court finds Enbridge trespassing on tribal lands, must remove Line 5
• Negative Sentiment: The Michigan Supreme Court vacated approval of Enbridge’s Line 5 tunnel project, sending the matter back to regulators and potentially delaying or complicating the company’s preferred risk-mitigation plan. Mich. Supreme Court Vacates Line 5 Tunnel Approval
• Negative Sentiment: Regulatory resistance to the Ohio rate request, combined with reports of local gas-line breaks, raises concerns about the timing of cost recovery, infrastructure reliability and potential reputational costs. Orange mayor working with Enbridge Gas to try to prevent future gas line breaks

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wolfe Research set a $50.00 price objective on shares of Enbridge in a research note on Tuesday. BMO Capital Markets restated a "market perform" rating on shares of Enbridge in a research note on Monday. Royal Bank Of Canada upped their target price on Enbridge from $79.00 to $84.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Scotiabank reaffirmed an "outperform" rating on shares of Enbridge in a research report on Tuesday, July 21st. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Enbridge in a report on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $62.67.

Enbridge Stock Down 0.7%

ENB stock opened at $51.35 on Friday. The stock has a fifty day moving average of $55.14 and a 200-day moving average of $53.78. Enbridge Inc has a fifty-two week low of $45.03 and a fifty-two week high of $58.45. The company has a market capitalization of $112.15 billion, a price-to-earnings ratio of 27.46 and a beta of 0.58. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.73 and a current ratio of 0.72.

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 (EPS) 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 analysts' expectations 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 previous year, the business posted $0.65 EPS. As a group, equities research analysts predict that Enbridge Inc will post 2.1 earnings per share for the current year.

Enbridge Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 7.6%. Enbridge's dividend payout ratio (DPR) is presently 152.41%.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source