16,908 Shares in Enbridge Inc $ENB Bought by Evanson Financial LLC

Evanson Financial LLC bought a new stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,908 shares of the pipeline company’s stock, valued at approximately $917,000.

A number of other large investors have also added to or reduced their stakes in ENB. Norges Bank purchased a new position in shares of Enbridge in the 4th quarter worth about $1,195,559,000. Auto Owners Insurance Co raised its holdings in shares of Enbridge by 4,683.0% during the 4th quarter. Auto Owners Insurance Co now owns 8,566,831 shares of the pipeline company’s stock valued at $40,975,000 after buying an additional 8,387,721 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Enbridge by 787.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,196,000 shares of the pipeline company’s stock valued at $173,189,000 after buying an additional 2,836,000 shares in the last quarter. Alberta Investment Management Corp bought a new stake in Enbridge in the 4th quarter worth approximately $132,705,000. Finally, Vanguard Group Inc. lifted its position in Enbridge by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 100,364,993 shares of the pipeline company’s stock worth $4,802,766,000 after buying an additional 2,067,516 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Key Enbridge News

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

Enbridge Trading Down 0.7%

NYSE ENB opened at $51.35 on Friday. The stock has a 50-day moving average of $55.14 and a 200-day moving average of $53.78. The company has a current ratio of 0.72, a quick ratio of 0.73 and a debt-to-equity ratio of 1.69. Enbridge Inc has a 1-year low of $45.03 and a 1-year high of $58.45. The firm has a market cap of $112.15 billion, a PE ratio of 27.46 and a beta of 0.58.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, July 31st. The pipeline company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $8.67 billion. Enbridge had a return on equity of 11.17% and a net margin of 7.20%.During the same period in the previous year, the firm earned $0.65 EPS. As a group, sell-side analysts forecast that Enbridge Inc will post 2.1 EPS for the current year.

Enbridge Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a $0.97 dividend. The ex-dividend date is Friday, August 14th. This represents a $3.88 annualized dividend and a dividend yield of 7.6%. Enbridge’s dividend payout ratio (DPR) is currently 152.41%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. BMO Capital Markets reiterated a “market perform” rating on shares of Enbridge in a research report on Monday. Wolfe Research set a $50.00 price objective on shares of Enbridge in a report on Tuesday. Raymond James Financial cut shares of Enbridge from an “outperform” rating to a “market perform” rating in a research note on Friday, July 31st. Wall Street Zen raised shares of Enbridge from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Scotiabank reiterated an “outperform” rating on shares of Enbridge in a research report on Tuesday, July 21st. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.67.

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.