Montrusco Bolton Investments Inc. Trims Stock Position in Enbridge Inc $ENB

Key Points

• Montrusco Bolton Investments cut its stake in Enbridge by 71.4% in Q4, selling 347,968 shares and retaining 139,459 shares valued at about $6.68 million.
• Enbridge beat quarterly EPS estimates (reported $0.63 vs. $0.60 consensus) and posted $17.18 billion in revenue for the quarter.
• Outlook is mixed: federal approval of the C$4 billion Sunrise expansion is a near-term growth catalyst, but legal setbacks (including the Line 5 ruling and state-court litigation) and varied analyst views leave a consensus rating of "Moderate Buy" with a $65 price target.

Montrusco Bolton Investments Inc. lowered its holdings in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 71.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 139,459 shares of the pipeline company's stock after selling 347,968 shares during the quarter. Montrusco Bolton Investments Inc.'s holdings in Enbridge were worth $6,682,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. IHT Wealth Management LLC increased its position in shares of Enbridge by 1.2% during the 2nd quarter. IHT Wealth Management LLC now owns 18,084 shares of the pipeline company's stock valued at $820,000 after purchasing an additional 213 shares during the last quarter. Blue Fin Capital Inc. increased its position in shares of Enbridge by 1.3% during the 4th quarter. Blue Fin Capital Inc. now owns 16,028 shares of the pipeline company's stock valued at $767,000 after purchasing an additional 213 shares during the last quarter. HBK Sorce Advisory LLC increased its position in shares of Enbridge by 1.8% during the 3rd quarter. HBK Sorce Advisory LLC now owns 12,424 shares of the pipeline company's stock valued at $609,000 after purchasing an additional 215 shares during the last quarter. Copperleaf Capital LLC increased its position in shares of Enbridge by 3.6% during the 3rd quarter. Copperleaf Capital LLC now owns 6,328 shares of the pipeline company's stock valued at $319,000 after purchasing an additional 217 shares during the last quarter. Finally, PFG Advisors increased its position in shares of Enbridge by 4.2% during the 3rd quarter. PFG Advisors now owns 5,479 shares of the pipeline company's stock valued at $276,000 after purchasing an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company's stock.

Enbridge Stock Performance

NYSE:ENB opened at $53.33 on Friday. The stock's fifty day moving average is $53.42 and its 200 day moving average is $49.78. Enbridge Inc has a fifty-two week low of $43.59 and a fifty-two week high of $55.44. The firm has a market capitalization of $116.46 billion, a PE ratio of 23.19 and a beta of 0.63. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.55 and a current ratio of 0.63.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings results on Friday, February 13th. The pipeline company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. Enbridge had a return on equity of 11.19% and a net margin of 11.30%.The company had revenue of $17.18 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. On average, sell-side analysts anticipate that Enbridge Inc will post 2.24 earnings per share for the current year.

Enbridge News Summary

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Federal approval of the C$4 billion Sunrise expansion in British Columbia clears a major regulatory hurdle, adds ~300 MMcf/d of capacity (139 km of pipe) and directly supports B.C. LNG buildout — a near-term, visible catalyst for volume growth and incremental fee-based cash flow. Canada Shows ‘Purpose’ in Gas Pipeline Approval, Enbridge Says
• Positive Sentiment: Company maintains a long track record of dividend increases (31 years) and has a large project backlog — supportive for income investors and signals management confidence in predictable cash flows to fund growth and payouts. Enbridge Dividend Streak And Project Backlog Shape Long Term Outlook
• Neutral Sentiment: Heightened investor interest and recent short-term price advances have generated more analyst and retail search activity; this can amplify intraday moves but doesn’t change fundamentals by itself. Investors Heavily Search Enbridge Inc (ENB): Here is What You Need to Know
• Negative Sentiment: Scotiabank expressed a pessimistic outlook for Enbridge’s FY2026 earnings, which could temper near-term expectations and valuation multiples if guidance or results disappoint. Scotiabank Has Pessimistic View of Enbridge FY2026 Earnings
• Negative Sentiment: The U.S. Supreme Court ruled against Enbridge in the Michigan Line 5 matter, a legal setback that keeps operational and shut-down risk in play and could raise remediation or compliance costs. Supreme Court Rules Against Enbridge in Michigan Effort to Close Line 5 Pipeline -- OPIS
• Negative Sentiment: A U.S. court ruled an Enbridge pipeline suit will stay in state court, which can prolong litigation and increase legal uncertainty/expense relative to federal venue. Enbridge pipeline suit will stay in state court, USOC rules

Analysts Set New Price Targets

ENB has been the subject of several research reports. Weiss Ratings raised shares of Enbridge from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 9th. Wall Street Zen lowered shares of Enbridge from a "hold" rating to a "sell" rating in a report on Saturday, April 4th. Raymond James Financial raised shares of Enbridge to a "moderate buy" rating in a report on Tuesday, February 17th. Scotiabank reissued an "outperform" rating on shares of Enbridge in a report on Tuesday, February 17th. Finally, Citigroup reissued a "buy" rating on shares of Enbridge in a report on Thursday, February 19th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $65.00.

Enbridge Company Profile

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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