Enbridge Inc $ENB Stock Sold by Columbus Macro LLC

Key Points

• Columbus Macro LLC cut its Enbridge stake by 42.6% in the third quarter, selling 153,502 shares and retaining 206,609 shares valued at approximately $9.62 million. Institutional investors collectively own 54.6% of the company.
• Enbridge shares traded at $47.35, near the lower end of their 52-week range, while the company reported quarterly EPS of $0.46, exceeding analyst expectations of $0.43.
• Enbridge offers a high income yield, with a quarterly dividend of C$0.97 per share, representing an annualized yield of about 8.2%. Analysts maintained a generally positive view, assigning the stock a consensus “Moderate Buy” rating and an average price target of $65.88.

Columbus Macro LLC lessened its stake in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 42.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,609 shares of the pipeline company's stock after selling 153,502 shares during the period. Columbus Macro LLC's holdings in Enbridge were worth $9,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in ENB. GK Wealth Management LLC acquired a new stake in shares of Enbridge during the third quarter worth about $25,000. Arlington Trust Co LLC boosted its position in shares of Enbridge by 114.6% in the 2nd quarter. Arlington Trust Co LLC now owns 500 shares of the pipeline company's stock valued at $27,000 after purchasing an additional 267 shares during the period. Quintet Private Bank Europe S.A. boosted its position in shares of Enbridge by 100.0% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 600 shares of the pipeline company's stock valued at $28,000 after purchasing an additional 300 shares during the period. City Holding Co. boosted its position in shares of Enbridge by 121.5% in the 2nd quarter. City Holding Co. now owns 649 shares of the pipeline company's stock valued at $35,000 after purchasing an additional 356 shares during the period. Finally, Steigerwald Gordon & Koch Inc. grew its stake in Enbridge by 99.7% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 691 shares of the pipeline company's stock worth $37,000 after buying an additional 345 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company's stock.

Enbridge Stock Performance

Enbridge stock traded down $0.11 during mid-day trading on Wednesday, reaching $47.35. 3,872,415 shares of the company were exchanged, compared to its average volume of 4,866,104. Enbridge Inc has a twelve month low of $45.03 and a twelve month high of $58.45. The firm's 50-day simple moving average is $49.07 and its two-hundred day simple moving average is $52.87. 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 firm has a market cap of $105.54 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 5.57 and a beta of 0.60.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its earnings results 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. Enbridge had a return on equity of 11.17% and a net margin of 7.20%. The business had revenue of $9.70 billion for the quarter, compared to analyst estimates of $8.67 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. Equities analysts predict that Enbridge Inc will post 2.11 earnings per share for the current fiscal year.

Enbridge Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were given a dividend of C$0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 8.2%. The ex-dividend date was Friday, August 14th. Enbridge's payout ratio is presently 147.06%.

Analysts Set New Price Targets

Several research firms have commented on ENB. TD raised Enbridge to a "buy" rating in a research report on Tuesday, September 15th. BMO Capital Markets raised Enbridge from a "market perform" rating to an "outperform" rating and set a $79.50 price objective for the company in a report on Monday, September 14th. National Bank Financial raised Enbridge from a "sector perform" rating to an "outperform" rating in a report on Tuesday, September 15th. Canadian Imperial Bank of Commerce upgraded shares of Enbridge from a "neutral" rating to a "sector outperform" rating in a research report on Thursday, August 27th. Finally, Royal Bank Of Canada lifted their target price on shares of Enbridge from $79.00 to $84.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Enbridge presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.88.

Key Enbridge News

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Sunrise Expansion adds a major growth catalyst. Enbridge began construction on the approximately C$4 billion Sunrise Expansion in British Columbia. The project is expected to add about 87 miles of pipeline and 300 million cubic feet per day of capacity to the Westcoast system, potentially increasing contracted natural-gas cash flow and long-term earnings visibility. How Investors May Respond To Enbridge Sunrise Expansion And Reaffirmed 2026 Dividend Outlook
• Positive Sentiment: Dividend and 2026 outlook were reaffirmed. Management’s confirmation of its guidance and dividend outlook reinforces the investment case for Enbridge’s contracted, relatively predictable cash flows. The company’s large secured capital backlog and investment-grade credit profile also prompted at least one analyst to restore a “Buy” rating. Enbridge Now Back To A Buy Rating Upgrade
• Neutral Sentiment: Valuation is dividing investors. Enbridge has delivered strong multiyear returns, but some commentary argues the shares are now fully priced relative to earnings. Recent momentum has cooled despite positive year-to-date and one-year total returns, creating a debate between the stock’s income appeal and its valuation. Enbridge Stock Looks Fully Priced After Its 83% Run
• Negative Sentiment: Line 5 faces renewed regulatory and operational risks. Wisconsin regulators reportedly notified Enbridge of alleged water-protection violations related to the Line 5 reroute. Separately, another fire reportedly destroyed equipment at the project site. The developments could increase costs, delay construction, and intensify legal or permitting uncertainty. Wisconsin DNR Notifies Enbridge of Alleged Line 5 Violations

About Enbridge

Enbridge Inc NYSE: ENB is a Canadian energy infrastructure company that transports and distributes oil, natural gas and renewable energy across North America. Its operations include crude oil and liquids pipelines, natural gas transmission and storage, natural gas distribution and utility services, and renewable power generation. The company serves customers and communities in Canada and the United States.

Enbridge's liquids pipeline network transports crude oil and other liquid hydrocarbons to refineries, export terminals and market hubs.

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