Short Interest in Enbridge Inc (NYSE:ENB) Decreases By 47.0%

Enbridge Inc (NYSE:ENB) (TSE:ENB) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 36,983,779 shares, a drop of 47.0% from the August 15th total of 69,771,404 shares. Based on an average daily trading volume, of 4,411,912 shares, the days-to-cover ratio is currently 8.4 days. Currently, 1.7% of the shares of the company are sold short.

Enbridge News Summary

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge reopened Line 5 using a temporary bypass after an August Wisconsin incident. The restart helps preserve deliveries to Midwest and Great Lakes refineries and limits potential cash-flow disruption. ENB Restarts Line 5 With Temporary Bypass Following Wisconsin Incident
• Positive Sentiment: The company launched an open season for a proposed 150-mile natural-gas pipeline in West Texas. Securing customer commitments could improve Enbridge’s long-term growth visibility and expand its fee-based infrastructure earnings. Enbridge launches open season for new 150-mile natural gas pipeline in West Texas
• Positive Sentiment: Analyst sentiment has improved following Enbridge’s pullback. TD upgraded the shares to Buy, BMO moved to Outperform, and Scotiabank maintained its Buy rating; the broader analyst consensus is Moderate Buy. These calls cite valuation and improving growth visibility. Enbridge Upgraded to Buy at TD
• Neutral Sentiment: Enbridge announced that Michele Harradence will succeed Greg Ebel as president and CEO on January 1, 2027. Harradence is an internal executive with experience in gas utilities and operations, while Ebel’s retirement follows a board-supervised succession process, reducing immediate transition risk. Enbridge Names Michele Harradence CEO Effective January 1, 2027
• Negative Sentiment: Critics continue to highlight Enbridge’s high leverage and sensitivity to rising interest rates, which can increase financing costs and pressure valuation for a capital-intensive pipeline operator. Concerns about exposure to Venezuelan oil add reputational and regulatory risk. Enbridge: High Leverage, Rising Rates, And More Venezuelan Oil
• Negative Sentiment: Tribes and environmental groups are urging Wisconsin officials to take action over the Line 5 spill, keeping cleanup, legal, and potential regulatory costs in focus even after service resumed. Tribes, environmentalists call for state action in response to Enbridge spill

Hedge Funds Weigh In On Enbridge

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arlington Trust Co LLC boosted its stake in Enbridge by 114.6% during the second quarter. Arlington Trust Co LLC now owns 500 shares of the pipeline company’s stock valued at $27,000 after buying an additional 267 shares in the last quarter. City Holding Co. lifted its holdings in 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 acquiring an additional 356 shares during the last quarter. Steigerwald Gordon & Koch Inc. lifted its holdings in Enbridge by 99.7% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 691 shares of the pipeline company’s stock valued at $37,000 after acquiring an additional 345 shares during the last quarter. Tucker Asset Management LLC bought a new position in shares of Enbridge during the 4th quarter valued at about $38,000. Finally, Nalls Sherbakoff Group LLC bought a new position in shares of Enbridge during the 4th quarter valued at about $39,000. 54.60% of the stock is owned by institutional investors.

Enbridge Price Performance

ENB stock traded up $0.43 during trading on Thursday, hitting $48.80. The company had a trading volume of 2,773,878 shares, compared to its average volume of 4,925,650. The firm has a market capitalization of $108.76 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 5.69 and a beta of 0.57. The business has a 50 day moving average of $52.26 and a 200 day moving average of $53.79. Enbridge has a fifty-two week low of $45.03 and a fifty-two week high of $58.45. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.69.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, July 31st. The pipeline company reported $0.46 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 firm had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $8.67 billion. During the same quarter last year, the company earned $0.65 EPS. As a group, research analysts predict that Enbridge will post 2.12 earnings per share for the current year.

Enbridge Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date was Friday, August 14th. Enbridge’s dividend payout ratio (DPR) is currently 147.06%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ENB shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Enbridge in a research note on Wednesday, August 19th. Wall Street Zen raised shares of Enbridge from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Scotiabank reissued an “outperform” rating on shares of Enbridge in a research note on Tuesday, July 21st. BMO Capital Markets upgraded shares of Enbridge from a “market perform” rating to an “outperform” rating and set a $79.50 price target on the stock in a research note on Monday. Finally, Canadian Imperial Bank of Commerce raised Enbridge from a “neutral” rating to a “sector outperform” rating in a report on Thursday, August 27th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Enbridge currently has a consensus rating of “Moderate Buy” and an average target price of $71.17.

Enbridge Company Profile

Enbridge Inc is a Canadian energy infrastructure company headquartered in Calgary, Alberta. Founded in 1949 as Interprovincial Pipe Line, the company has grown into one of North America’s largest energy delivery businesses, operating primarily in Canada and the United States.

Enbridge’s operations include crude oil and liquids pipelines, natural gas transmission and storage, and natural gas distribution and utility services. Its pipeline systems transport energy products from producing regions to refineries, export facilities, utilities and other customers.