Triasima Portfolio Management inc. Boosts Position in Enbridge Inc $ENB

Key Points

• Triasima Portfolio Management inc. increased its stake in Enbridge by 18.5% in Q4 to 230,209 shares worth $11.03 million, representing about 1.7% of the fund's portfolio and its 17th largest position.
• Enbridge beat quarterly EPS estimates ($0.63 vs. $0.60) and reported $17.18 billion in revenue; the stock has a market cap of $119.8 billion, a P/E of 23.9 and a 12‑month trading range of $43.59–$55.49.
• Market and analyst signals are mixed: consensus ratings average a "Moderate Buy" with a $65 price target amid upgrades and downgrades, while a large spike in put buying (20,216 puts, +1,036%) and recent EPS estimate cuts suggest near‑term downside or hedging activity.

Triasima Portfolio Management inc. increased its holdings in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 18.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 230,209 shares of the pipeline company's stock after purchasing an additional 35,937 shares during the quarter. Enbridge makes up approximately 1.7% of Triasima Portfolio Management inc.'s portfolio, making the stock its 17th biggest position. Triasima Portfolio Management inc.'s holdings in Enbridge were worth $11,031,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ENB. Brighton Jones LLC purchased a new stake in Enbridge during the fourth quarter worth approximately $261,000. AQR Capital Management LLC lifted its stake in Enbridge by 68.5% during the first quarter. AQR Capital Management LLC now owns 28,533 shares of the pipeline company's stock worth $1,264,000 after purchasing an additional 11,599 shares during the last quarter. AXA S.A. lifted its stake in Enbridge by 15.5% during the second quarter. AXA S.A. now owns 113,887 shares of the pipeline company's stock worth $5,161,000 after purchasing an additional 15,259 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in Enbridge by 93.1% during the second quarter. Diversify Advisory Services LLC now owns 22,016 shares of the pipeline company's stock worth $1,042,000 after purchasing an additional 10,617 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Enbridge by 80.1% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 78,507 shares of the pipeline company's stock worth $3,553,000 after purchasing an additional 34,912 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company's stock.

Enbridge Price Performance

Shares of NYSE ENB opened at $54.88 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 1.70. Enbridge Inc has a twelve month low of $43.59 and a twelve month high of $55.49. The stock has a 50 day moving average of $53.55 and a two-hundred day moving average of $49.95. The stock has a market cap of $119.83 billion, a P/E ratio of 23.86 and a beta of 0.59.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter in the previous year, the business earned $0.75 earnings per share. On average, research analysts forecast that Enbridge Inc will post 2.2 earnings per share for the current year.

Key Headlines Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Analysts' fair-value estimates and price targets have converged upward into a tighter CA$72–77 range, implying modest upside and reaffirming the core investment thesis for Enbridge's stable cash flows and dividend support. How The Enbridge Investment Story Is Shifting
• Positive Sentiment: Coverage notes potential gains for ENB but highlights macro risks; this signals analysts still see value while flagging inflation as a watch item rather than an immediate catalyst. Analysts see Enbridge gains but flag inflation risk
• Neutral Sentiment: A deep-dive warns that even a strong quarterly operating showing may not be enough to materially re-rate ENB given valuation and macro headwinds; useful for longer-term investors weighing upside vs. yield stability. Important Warning For Enbridge Investors
• Negative Sentiment: Zacks previews the upcoming report and says Enbridge lacks the setup for an earnings beat—analysts expect a decline in EPS—so a miss or a cautious guide could send the stock lower near term. Analysts Estimate Enbridge to Report a Decline in Earnings
• Negative Sentiment: US Capital Advisors has cut multiple near‑term and FY2026/27 EPS estimates, lowering expectations and indicating potential pressure on consensus guidance and valuation. Lowered analyst EPS forecasts tend to reduce short-term upside. US Capital Advisors analyst estimate cuts
• Negative Sentiment: Unusual options activity: a large spike in put buying (20,216 puts, +1,036% vs. average) suggests some traders are hedging or betting on downside, which can increase volatility and put downward pressure on the share price. Options flow report

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citigroup restated a "buy" rating on shares of Enbridge in a research note on Thursday, February 19th. Wall Street Zen cut Enbridge from a "hold" rating to a "sell" rating in a research note on Saturday, April 4th. Scotiabank restated an "outperform" rating on shares of Enbridge in a research note on Tuesday, February 17th. Weiss Ratings upgraded Enbridge from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, February 9th. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a research note on Tuesday, February 17th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Enbridge currently has an average rating of "Moderate Buy" and an average 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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