NewEdge Advisors LLC Trims Holdings in Enbridge Inc $ENB

NewEdge Advisors LLC trimmed its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 8.5% during the first quarter, HoldingsChannel.com reports. The firm owned 402,357 shares of the pipeline company’s stock after selling 37,606 shares during the quarter. NewEdge Advisors LLC’s holdings in Enbridge were worth $21,784,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. First Nebraska Trust Co purchased a new position in Enbridge during the 1st quarter valued at about $240,000. Keel Point LLC lifted its holdings in shares of Enbridge by 6.6% in the first quarter. Keel Point LLC now owns 4,458 shares of the pipeline company’s stock worth $241,000 after buying an additional 276 shares in the last quarter. Blue Fin Capital Inc. lifted its holdings in shares of Enbridge by 5.4% in the first quarter. Blue Fin Capital Inc. now owns 16,901 shares of the pipeline company’s stock worth $915,000 after buying an additional 873 shares in the last quarter. Summit Financial Wealth Advisors LLC boosted its position in shares of Enbridge by 3.8% in the first quarter. Summit Financial Wealth Advisors LLC now owns 6,309 shares of the pipeline company’s stock valued at $342,000 after acquiring an additional 230 shares during the period. Finally, Summitry LLC bought a new position in shares of Enbridge in the first quarter valued at approximately $26,717,000. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ENB shares. TD Securities reaffirmed a “hold” rating on shares of Enbridge in a report on Thursday, July 16th. Raymond James Financial downgraded shares of Enbridge from an “outperform” rating to a “market perform” rating in a report on Friday, July 31st. BMO Capital Markets reaffirmed a “market perform” rating on shares of Enbridge in a report on Monday. Wall Street Zen upgraded Enbridge from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Wolfe Research set a $50.00 price objective on Enbridge in a research note on Tuesday. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.67.

Enbridge Trading Down 0.7%

Shares of ENB opened at $51.35 on Friday. The firm’s 50 day simple moving average is $55.14 and its 200 day simple moving average is $53.78. The company has a market capitalization of $112.15 billion, a P/E ratio of 27.46 and a beta of 0.58. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.72 and a quick ratio of 0.73. Enbridge Inc has a 1-year low of $45.03 and a 1-year high of $58.45.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, July 31st. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. The business had revenue of $9.70 billion during the quarter, compared to analyst estimates of $8.67 billion. During the same period in the previous year, the business posted $0.65 earnings per share. Sell-side analysts forecast that Enbridge Inc will post 2.1 earnings per share for the current fiscal year.

Enbridge Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, August 14th. Enbridge’s payout ratio is currently 152.41%.

Key Stories Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge reported strong second-quarter results, with earnings of $0.46 per share versus the $0.43 analyst consensus and revenue of $9.70 billion, ahead of the $8.67 billion estimate. The results reinforce the company’s relatively resilient, fee-based infrastructure model. Enbridge Delivers Strong Q2 Results: Is the Stock Still a Buy?
• Positive Sentiment: Enbridge Gas Ohio is seeking a rate increase that could generate approximately $163 million in additional annual revenue. If approved, the request could improve the utility’s cost recovery and cash flow, although regulators and consumer advocates are challenging the proposal. Enbridge Wants $163M More From Ohio Gas Customers, Regulators Push Back
• Neutral Sentiment: Public hearings on the proposed Enbridge Gas Ohio rate increase are beginning, putting the size and timing of any customer-bill adjustments in the hands of regulators. Public hearings set to begin on proposed Enbridge Gas Ohio rate increase
• Neutral Sentiment: Analyst sentiment remains mixed: Scotiabank maintained an “Outperform” rating but trimmed its Enbridge EPS forecasts slightly to $2.10 for fiscal 2026 and $2.31 for fiscal 2027, signaling limited near-term earnings pressure rather than a fundamental downgrade. Analysts’ Opinions Are Mixed on These Energy Stocks
• Negative Sentiment: A federal appeals court reportedly found Enbridge trespassing on tribal lands and ordered removal of the Line 5 pipeline. The ruling could create major disruption, legal costs and uncertainty for a strategically important asset. Federal appeals court finds Enbridge trespassing on tribal lands, must remove Line 5
• Negative Sentiment: The Michigan Supreme Court vacated approval of Enbridge’s Line 5 tunnel project, sending the matter back to regulators and potentially delaying or complicating the company’s preferred risk-mitigation plan. Mich. Supreme Court Vacates Line 5 Tunnel Approval
• Negative Sentiment: Regulatory resistance to the Ohio rate request, combined with reports of local gas-line breaks, raises concerns about the timing of cost recovery, infrastructure reliability and potential reputational costs. Orange mayor working with Enbridge Gas to try to prevent future gas line breaks

About Enbridge

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.