Viking Fund Management LLC Acquires 61,500 Shares of Enbridge Inc $ENB

Viking Fund Management LLC increased its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 35.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,000 shares of the pipeline company’s stock after acquiring an additional 61,500 shares during the quarter. Enbridge accounts for approximately 1.3% of Viking Fund Management LLC’s portfolio, making the stock its 23rd largest position. Viking Fund Management LLC’s holdings in Enbridge were worth $11,288,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Thrive Wealth Management LLC bought a new stake in Enbridge in the fourth quarter valued at $202,000. Gilman Hill Asset Management LLC boosted its position in shares of Enbridge by 6.3% during the 4th quarter. Gilman Hill Asset Management LLC now owns 147,711 shares of the pipeline company’s stock worth $7,065,000 after purchasing an additional 8,695 shares in the last quarter. Focus Financial Network Inc. grew its stake in shares of Enbridge by 6.7% in the 4th quarter. Focus Financial Network Inc. now owns 17,938 shares of the pipeline company’s stock valued at $858,000 after buying an additional 1,124 shares during the period. Chickasaw Capital Management LLC grew its stake in shares of Enbridge by 1.1% in the 4th quarter. Chickasaw Capital Management LLC now owns 177,280 shares of the pipeline company’s stock valued at $8,479,000 after buying an additional 1,969 shares during the period. Finally, Silverlake Wealth Management LLC increased its position in Enbridge by 3.4% in the 4th quarter. Silverlake Wealth Management LLC now owns 16,716 shares of the pipeline company’s stock valued at $800,000 after buying an additional 551 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. BMO Capital Markets reiterated a “market perform” rating on shares of Enbridge in a report on Tuesday, February 17th. JPMorgan Chase & Co. downgraded Enbridge from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 27th. Wall Street Zen raised Enbridge from a “sell” rating to a “hold” rating in a research report on Saturday. TD Securities cut Enbridge from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Scotiabank reissued an “outperform” rating on shares of Enbridge in a research report on Tuesday, February 17th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

Key Headlines Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: US Capital Advisors raised several near‑ and medium‑term estimates for Enbridge — boosting FY2027 to $2.30 and FY2028 to $2.43, and lifting multiple quarterly EPS targets (e.g., Q1 2026 to $0.72, Q4 2026 to $0.64). Those upgrades suggest analysts see improving fundamentals and could support higher valuation.
• Positive Sentiment: US Capital Advisors also increased FY2026 and several 2026–2027 quarterly forecasts (small raises to Q3/Q4 2026 and Q1 2027), reinforcing a trend of upward revisions from the same shop.
• Positive Sentiment: Enbridge’s crude‑oil team told CERAWeek that Gulf Coast re‑exports of Canadian heavy crude will surge with approved and proposed pipeline projects — a volume thesis that benefits Enbridge’s toll‑like cash flows. CERAWeek: Canadian crude re-exports
• Positive Sentiment: CEO Gregory Ebel emphasized infrastructure’s role in energy affordability and signaled openness to a new Canadian west‑coast oil pipeline — comments that point to management focus on growth and capacity options. Bloomberg: CEO open to west-coast pipeline
• Positive Sentiment: Media and influencers highlighted Enbridge’s midstream resilience and attractive yield (MarketBeat feature and Jim Cramer mention), which can attract income‑seeking flows during an energy rally. Yahoo: Jim Cramer on Enbridge
• Neutral Sentiment: Operational note: Enbridge’s Straits Maritimes operations center recorded its 10,000th vessel observation — a milestone on operations monitoring but not material to near‑term earnings. Mining Journal: 10,000th vessel observation
• Neutral Sentiment: Some small trims: US Capital Advisors cut its Q2 2026 estimate slightly (from $0.45 to $0.44). The revision is minor but worth monitoring for quarterly volatility.
• Neutral Sentiment: Analyst write‑ups (e.g., Seeking Alpha, MarketBeat sector pieces) remain broadly bullish on midstream exposure but note macro risks (oil price volatility, geopolitics) that could swing sentiment. Seeking Alpha: Enbridge analysis

Enbridge Stock Up 0.4%

Shares of NYSE:ENB opened at $54.40 on Wednesday. The business’s 50 day moving average is $51.35 and its 200 day moving average is $49.10. Enbridge Inc has a 12-month low of $39.73 and a 12-month high of $55.11. The stock has a market cap of $118.68 billion, a price-to-earnings ratio of 23.65 and a beta of 0.67. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 1.70.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, February 13th. The pipeline company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Enbridge had a return on equity of 11.19% and a net margin of 11.30%.The business had revenue of $17.18 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the prior year, the firm posted $0.75 EPS. On average, sell-side analysts forecast that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

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.