Enbridge Inc (NYSE:ENB) Stock Has Average Target Price of $65.88 According to Brokerages

Enbridge Inc (NYSE:ENB) (TSE:ENB) has been assigned an average rating of “Moderate Buy” from the fifteen analysts that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $65.88.

A number of equities analysts have weighed in on the stock. BMO Capital Markets raised shares of Enbridge from a “market perform” rating to an “outperform” rating and set a $79.50 price objective for the company in a research report on Monday, September 14th. Wall Street Zen upgraded Enbridge from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Jefferies Financial Group reissued a “hold” rating on shares of Enbridge in a research report on Monday, September 14th. US Capital Advisors upgraded Enbridge from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 20th. Finally, TD raised shares of Enbridge to a “buy” rating in a research report on Tuesday, September 15th.

Key Stories Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge reported third-quarter adjusted earnings of C$0.39 per share, above the C$0.36 consensus, with revenue also topping estimates. Profit rose substantially from a year earlier, supported in part by its natural gas businesses. Article: Enbridge Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: The company reaffirmed its 2026 financial guidance and said more than C$3 billion of gas transmission projects entered service, supporting its growth and earnings outlook. Article: Enbridge Reports Strong Third Quarter Results
• Neutral Sentiment: Enbridge is exploring a pipeline role in Canada’s Pathways carbon-capture network. It also plans to acquire Tallgrass Crude to expand its Rockies pipeline corridor; these opportunities could add growth, though the reports do not detail their financial impact. Article: Enbridge and the Pathways carbon-capture network
• Neutral Sentiment: CEO Greg Ebel is set to retire in January, with Michele Harradence stepping up. The planned transition could be worth watching, but no change in strategy is reported. Article: Enbridge CEO to Retire

Institutional Trading of Enbridge

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG bought a new stake in Enbridge during the second quarter valued at $1,850,502,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Enbridge by 18.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,624,547 shares of the pipeline company’s stock valued at $1,117,353,000 after purchasing an additional 3,205,322 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Enbridge by 1.6% in the third quarter. TD Waterhouse Canada Inc. now owns 16,456,664 shares of the pipeline company’s stock valued at $760,553,000 after purchasing an additional 266,866 shares in the last quarter. Amundi raised its stake in Enbridge by 8.5% in the second quarter. Amundi now owns 11,948,497 shares of the pipeline company’s stock valued at $647,728,000 after buying an additional 936,435 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Enbridge by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,079,469 shares of the pipeline company’s stock worth $599,709,000 after buying an additional 268,800 shares in the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Performance

NYSE:ENB opened at $46.84 on Friday. The firm has a market capitalization of $104.39 billion, a P/E ratio of 25.05, a P/E/G ratio of 5.91 and a beta of 0.59. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.69. The company has a fifty day moving average of $48.10 and a 200-day moving average of $52.18. Enbridge has a twelve month low of $45.03 and a twelve month high of $58.45.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings results on Friday, November 6th. The pipeline company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $21.08 billion for the quarter, compared to analysts’ expectations of $9.62 billion. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. As a group, sell-side analysts anticipate that Enbridge will post 2.08 EPS for the current year.

Enbridge Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a C$0.97 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $3.88 annualized dividend and a dividend yield of 8.3%. Enbridge’s dividend payout ratio is presently 147.06%.

Enbridge Company Profile

Enbridge Inc is a North American energy infrastructure company that transports and distributes energy. Its businesses include crude oil and liquids pipelines, natural gas transmission and storage, and natural gas utilities that serve homes and businesses.

Founded in 1949 as Interprovincial Pipe Line Company, Enbridge has grown into a cross-border operator serving customers and energy markets in Canada and the United States. Its infrastructure moves crude oil, natural gas and natural gas liquids, connecting producers with refineries, utilities and other markets.

Enbridge also invests in renewable power, including wind and solar projects, alongside its energy transportation and distribution operations.