Enbridge Inc (NYSE:ENB) Given Average Rating of “Moderate Buy” by Analysts

Shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) have earned a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $65.00.

Several brokerages have issued reports on ENB. JPMorgan Chase & Co. lowered shares of Enbridge from an “overweight” rating to a “neutral” rating in a research report on Tuesday, January 27th. BMO Capital Markets restated a “market perform” rating on shares of Enbridge in a research report on Tuesday, February 17th. Royal Bank Of Canada raised their price objective on shares of Enbridge from $72.00 to $76.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. TD Securities cut shares of Enbridge from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Citigroup restated a “buy” rating on shares of Enbridge in a research report on Thursday, February 19th.

Enbridge Stock Down 0.7%

Shares of NYSE ENB opened at $53.59 on Friday. The business has a 50-day simple moving average of $53.69 and a two-hundred day simple moving average of $50.10. Enbridge has a 52 week low of $43.59 and a 52 week high of $55.49. The company has a market cap of $117.01 billion, a P/E ratio of 23.30 and a beta of 0.59. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 1.70.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, May 8th. The pipeline company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $8.49 billion. Enbridge had a return on equity of 11.19% and a net margin of 11.30%.During the same quarter in the previous year, the firm earned $1.03 earnings per share. Research analysts anticipate that Enbridge will post 2.2 earnings per share for the current fiscal year.

Enbridge Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, May 15th. This represents a $3.88 annualized dividend and a dividend yield of 7.2%. Enbridge’s dividend payout ratio (DPR) is 120.87%.

Enbridge News Roundup

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge reported first-quarter earnings that topped expectations, helped by stronger gas transmission volumes tied to robust power demand. The company also reaffirmed its 2026 financial guidance, which can reassure investors about the outlook. Enbridge beats first-quarter profit estimates
• Positive Sentiment: Management said secured backlog grew to $40 billion, signaling continued project visibility and future growth potential. Enbridge Reports Strong First Quarter Results, Reaffirms 2026 Financial Guidance, and Grows Secured Backlog to $40 Billion
• Neutral Sentiment: Enbridge’s latest dividend declaration reinforces its appeal as an income stock, with a high yield supporting investor interest, but this is unlikely to be a major near-term catalyst. Enbridge Inc. Announces Election of Directors
• Negative Sentiment: Some coverage highlighted that first-quarter profit fell on derivative losses and softer operating results, which may be tempering enthusiasm despite the earnings beat. Enbridge 1Q Profit Falls on Derivative Losses, Softer Operating Results

Hedge Funds Weigh In On Enbridge

Large investors have recently modified their holdings of the company. Tsfg LLC raised its holdings in shares of Enbridge by 329.6% during the 3rd quarter. Tsfg LLC now owns 494 shares of the pipeline company’s stock valued at $25,000 after buying an additional 379 shares in the last quarter. Triumph Capital Management purchased a new position in shares of Enbridge during the 3rd quarter valued at about $26,000. Turning Point Benefit Group Inc. purchased a new position in shares of Enbridge during the 3rd quarter valued at about $28,000. Inspire Investing LLC purchased a new position in shares of Enbridge during the 4th quarter valued at about $29,000. Finally, Imprint Wealth LLC purchased a new position in shares of Enbridge during the 3rd quarter valued at about $31,000. 54.60% of the stock is owned by hedge funds and other institutional investors.

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.