Enbridge (NYSE:ENB) Upgraded to “Strong-Buy” at National Bank Financial

National Bank Financial upgraded shares of Enbridge (NYSE:ENB) (TSE:ENB) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday,Zacks reports.

Other research analysts also recently issued reports about the stock. TD Securities reissued a “hold” rating on shares of Enbridge in a research report on Thursday, July 16th. Wolfe Research set a $50.00 price objective on Enbridge in a report on Tuesday, August 4th. Scotiabank reissued an “outperform” rating on shares of Enbridge in a research report on Tuesday, July 21st. Canadian Imperial Bank of Commerce upgraded Enbridge from a “neutral” rating to a “sector outperform” rating in a research note on Thursday, August 27th. Finally, US Capital Advisors raised Enbridge from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.00.

Enbridge Stock Performance

Shares of Enbridge stock opened at $50.15 on Wednesday. The business’s fifty day simple moving average is $52.88 and its 200 day simple moving average is $53.94. 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 has a 12 month low of $45.03 and a 12 month high of $58.45. The firm has a market capitalization of $109.52 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 5.99 and a beta of 0.57.

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. The firm had revenue of $9.70 billion during the quarter, compared to analyst estimates of $8.67 billion. Enbridge had a return on equity of 11.17% and a net margin of 7.20%.During the same period last year, the firm posted $0.65 EPS. As a group, analysts anticipate that Enbridge will post 2.11 EPS for the current year.

Enbridge Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were issued a $0.97 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $3.88 annualized dividend and a yield of 7.7%. Enbridge’s dividend payout ratio (DPR) is 147.06%.

Institutional Investors Weigh In On Enbridge

Hedge funds and other institutional investors have recently bought and sold shares of the business. Deutsche Bank AG bought a new position in shares of Enbridge in the second quarter worth $1,850,502,000. Norges Bank purchased a new stake in Enbridge during the 4th quarter worth about $1,195,559,000. Geode Capital Management LLC lifted its holdings in Enbridge by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 21,421,826 shares of the pipeline company’s stock worth $1,045,172,000 after purchasing an additional 1,415,995 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Enbridge by 18.4% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,624,547 shares of the pipeline company’s stock worth $1,117,353,000 after purchasing an additional 3,205,322 shares during the period. Finally, Legal & General Group Plc boosted its stake in Enbridge by 4.6% in the 4th quarter. Legal & General Group Plc now owns 19,677,864 shares of the pipeline company’s stock worth $942,806,000 after purchasing an additional 858,323 shares during the period. Institutional investors own 54.60% of the company’s stock.

More Enbridge News

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge agreed to acquire Tallgrass Energy’s crude transportation business for approximately $2.55 billion. The deal includes a 75% interest in the Pony Express pipeline, which connects Rocky Mountain oil production with the Cushing, Oklahoma storage hub, as well as related storage assets. The acquisition expands Enbridge’s U.S. crude pipeline footprint and could add long-term, fee-based cash flow. Enbridge to acquire Tallgrass Energy’s crude transportation business for $2.55 billion
• Positive Sentiment: Enbridge Gas Ohio has begun a $33 million pipeline project in Jackson Township. Although modest relative to Enbridge’s overall business, the project supports system reliability and regulated utility investment. Enbridge Gas Ohio embarks on $33M pipeline project in Jackson Twp.
• Neutral Sentiment: President and CEO Greg Ebel will retire at the end of 2026, with insider Michele Harradence taking over on January 1, 2027. Harradence’s internal appointment reduces transition risk and suggests strategic continuity, though investors will monitor execution under the new leadership. Enbridge names insider Harradence CEO as Greg Ebel retires
• Negative Sentiment: Enbridge launched a roughly CA$2.6 billion bought-deal share offering to help fund the Tallgrass transaction. While the financing supports growth, the new shares may dilute existing shareholders and could increase concerns about leverage and capital-allocation discipline. Enbridge to Buy Tallgrass’ Crude Business for $2.55 Billion; Launches CA$2.6 Billion Bought-Deal Offering
• Negative Sentiment: Michigan Governor Gretchen Whitmer said the state is reconsidering permits for Enbridge’s Line 5 and again urged the company to shut the pipeline. Renewed regulatory and shutdown risk threatens one of Enbridge’s important cross-border energy assets. Whitmer says state is rethinking Line 5 permits

About Enbridge

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.