Enbridge Inc $ENB Shares Bought by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its Enbridge stake by 1,585.9% in the third quarter, adding 141,127 shares to own 150,026 shares valued at approximately $6.98 million.
• Institutional investors hold 54.6% of Enbridge’s stock, with several major firms—including Deutsche Bank, Connor Clark & Lunn, Amundi and Manufacturers Life—also increasing or initiating positions.
• Enbridge has a “Moderate Buy” consensus rating and an average price target of $65.88, although some analysts have lowered earnings forecasts ahead of the company’s upcoming report.

International Assets Investment Management LLC lifted its stake in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 1,585.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 150,026 shares of the pipeline company's stock after purchasing an additional 141,127 shares during the quarter. International Assets Investment Management LLC's holdings in Enbridge were worth $6,975,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Deutsche Bank AG bought a new position in Enbridge in the 2nd quarter valued at about $1,850,502,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Enbridge by 18.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,624,547 shares of the pipeline company's stock worth $1,117,353,000 after acquiring an additional 3,205,322 shares during the period. TD Waterhouse Canada Inc. boosted its position in shares of Enbridge by 1.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 16,189,798 shares of the pipeline company's stock worth $863,952,000 after acquiring an additional 164,934 shares in the last quarter. Amundi boosted its position in shares of Enbridge by 8.5% during the 2nd quarter. Amundi now owns 11,948,497 shares of the pipeline company's stock worth $647,728,000 after acquiring an additional 936,435 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Enbridge by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 11,079,469 shares of the pipeline company's stock valued at $599,709,000 after acquiring an additional 268,800 shares during the last quarter. Institutional investors own 54.60% of the company's stock.

Key Stories Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge’s essential pipeline and utility infrastructure, recent acquisitions, and double-digit revenue growth provide a more stable profile than many energy producers. Its dividend has increased for 31 consecutive years, supporting the stock’s appeal to income-focused investors. Enbridge's Earnings Slipped Last Quarter. Its Dividend Didn't.
• Positive Sentiment: Recent comparison articles continue to identify Enbridge as a potentially attractive value and income investment, particularly because its regulated and fee-based operations can be less sensitive to oil-price volatility than an integrated producer such as Chevron. Chevron vs. Enbridge: Which Energy Giant Makes More Money Off the Iran War Oil Price Shock?
• Neutral Sentiment: Enbridge is scheduled to report earnings soon, with Wall Street expecting year-over-year earnings growth. The report could become the next major catalyst, particularly for updates on cash flow, acquisition integration, and dividend coverage. Enbridge Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Despite the expected earnings growth, Zacks noted that Enbridge lacks the combination of estimate revisions and earnings-surprise momentum that typically supports a likely earnings beat. That may be limiting upside ahead of the report. Enbridge Earnings Expectations
• Negative Sentiment: US Capital Advisors reduced its EPS forecasts for the upcoming quarter and several 2027 periods, including lowering its FY2027 estimate to $2.35 from $2.41. The firm maintained a “Moderate Buy” rating, but the cuts signal softer near-term expectations. US Capital Advisors Forecasts Enbridge FY2028 Earnings

Enbridge Price Performance

ENB stock opened at $49.43 on Monday. The stock has a market cap of $110.17 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 5.94 and a beta of 0.59. 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 company has a 50 day simple moving average of $48.28 and a 200 day simple moving average of $52.15. Enbridge Inc has a 1 year low of $45.03 and a 1 year high of $58.45.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its earnings results on Friday, July 31st. The pipeline company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.03. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. The firm had revenue of $9.70 billion for the quarter, compared to analysts' expectations of $8.67 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Research analysts anticipate that Enbridge Inc will post 2.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on ENB shares. US Capital Advisors upgraded shares of Enbridge from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 20th. TD Securities reiterated a "buy" rating on shares of Enbridge in a research note on Friday, October 16th. Raymond James Financial reissued a "market perform" rating on shares of Enbridge in a report on Tuesday, September 15th. Royal Bank Of Canada upped their price objective on Enbridge from $79.00 to $84.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Finally, Wall Street Zen raised Enbridge from a "sell" rating to a "hold" rating in a research note on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Enbridge has an average rating of "Moderate Buy" and a consensus price target of $65.88.

Enbridge Company Profile

Enbridge Inc is a Canadian energy infrastructure company that operates one of the largest pipeline and energy delivery networks in North America. Its businesses transport crude oil and other liquid hydrocarbons, move and store natural gas, and deliver natural gas to residential, commercial and industrial customers.

The company's operations span Canada and the United States, including extensive pipeline systems serving major producing regions, refineries and population centers. Enbridge also develops and operates renewable power assets, including offshore and onshore wind projects, solar facilities and other lower-carbon energy infrastructure.

Enbridge traces its history to the Interprovincial Pipe Line Company, founded in 1949 to transport Canadian crude oil.

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