Enbridge (NYSE:ENB) Downgraded to Market Perform Rating by Raymond James Financial

Enbridge (NYSE:ENB) (TSE:ENB) was downgraded by investment analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a report released on Friday, Marketbeat.com reports.

Other research analysts have also issued research reports about the stock. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Enbridge in a research report on Monday, May 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Enbridge in a research report on Friday, May 22nd. Scotiabank reiterated an “outperform” rating on shares of Enbridge in a research note on Tuesday, July 21st. Wall Street Zen raised Enbridge from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Royal Bank Of Canada raised their price objective on Enbridge from $76.00 to $79.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Enbridge presently has a consensus rating of “Hold” and a consensus price target of $66.50.

Enbridge Stock Performance

ENB traded down $1.03 during trading on Friday, hitting $54.40. The stock had a trading volume of 3,268,508 shares, compared to its average volume of 4,660,018. The company has a 50 day moving average price of $55.59 and a 200-day moving average price of $53.57. The firm has a market cap of $118.81 billion, a price-to-earnings ratio of 25.54 and a beta of 0.58. Enbridge has a one year low of $44.80 and a one year high of $58.45. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.81 and a quick ratio of 0.73.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, May 8th. The pipeline company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Enbridge had a return on equity of 11.21% and a net margin of 9.83%.The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $8.49 billion. During the same quarter last year, the firm earned $1.03 earnings per share. As a group, research analysts predict that Enbridge will post 2.13 EPS for the current year.

Hedge Funds Weigh In On Enbridge

A number of institutional investors have recently modified their holdings of ENB. Arlington Trust Co LLC raised 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 worth $27,000 after acquiring an additional 267 shares in the last quarter. Triumph Capital Management acquired a new position in shares of Enbridge in the third quarter valued at approximately $26,000. Turning Point Benefit Group Inc. bought a new position in Enbridge in the 3rd quarter valued at approximately $28,000. Inspire Investing LLC acquired a new stake in Enbridge during the 4th quarter worth approximately $29,000. Finally, Imprint Wealth LLC bought a new stake in Enbridge during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Trending Headlines about Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Second-quarter results exceeded expectations. Enbridge reported earnings above consensus estimates, with figures varying by reporting measure: Zacks cited $0.46 per share versus $0.43 expected, while MarketBeat reported $0.63 versus $0.44. Results were broadly consistent with the prior-year quarter. Enbridge Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management reaffirmed its 2026 financial guidance and said its secured project backlog increased to approximately $41 billion. This supports visibility into future infrastructure-related growth and cash flow. Enbridge Reports Strong Second Quarter Results
• Neutral Sentiment: Analysts made mixed estimate revisions: some quarterly forecasts increased, while US Capital Advisors trimmed estimates for first-quarter 2027 and fiscal 2028 earnings. The changes suggest limited near-term impact but modest caution about longer-term earnings growth.
• Negative Sentiment: Enbridge postponed the second phase of its Mainline oil pipeline expansion, which would have added 250,000 barrels per day. The delay reflects insufficient commitments from Canadian producers to increase output, reducing near-term expansion potential and signaling weaker demand for additional capacity. Enbridge Postpones Mainline Pipeline Expansion
• Negative Sentiment: A U.S. appeals court found an Enbridge pipeline trespassed on Wisconsin tribal land and ordered it to be moved, while also requiring damages to be recalculated. The ruling creates potential relocation costs, financial liabilities and operational uncertainty. Enbridge Wisconsin Pipeline Trespass Ruling

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.