Enbridge Inc $ENB Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,779,631 shares of the pipeline company’s stock after selling 493,300 shares during the quarter. Swiss National Bank’s holdings in Enbridge were worth $277,135,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Triumph Capital Management acquired a new position in Enbridge in the third quarter valued at approximately $26,000. Turning Point Benefit Group Inc. acquired a new position in Enbridge in the third quarter valued at approximately $28,000. Garner Asset Management Corp acquired a new position in Enbridge in the fourth quarter valued at approximately $30,000. Imprint Wealth LLC acquired a new position in Enbridge in the third quarter valued at approximately $31,000. Finally, Tucker Asset Management LLC acquired a new position in Enbridge in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ENB shares. Weiss Ratings reissued a “buy (b)” rating on shares of Enbridge in a report on Friday, May 22nd. Royal Bank Of Canada boosted their price target on Enbridge from $76.00 to $79.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Scotiabank reissued an “outperform” rating on shares of Enbridge in a report on Monday, May 11th. BMO Capital Markets reissued a “market perform” rating on shares of Enbridge in a report on Tuesday, February 17th. Finally, Raymond James Financial raised Enbridge to a “moderate buy” rating in a report on Tuesday, February 17th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Enbridge currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

Enbridge News Summary

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge and its pipeline subsidiary received noteholder approval for a debt-exchange transaction, a step that simplifies the company’s debt structure and may support a cleaner long-term infrastructure financing strategy. Enbridge Inc. and Enbridge Pipelines Inc. Announce Noteholder Approval of Proposed Debt Exchange Transaction
• Positive Sentiment: A market report said ENB stock rose and outperformed the broader market, reinforcing that recent trading momentum has been favorable. Enbridge Inc. stock rises Wednesday, outperforms market
• Neutral Sentiment: Several articles simply flagged Enbridge as a trending stock, which suggests elevated investor attention but does not by itself change the fundamentals. Here is What to Know Beyond Why Enbridge Inc (ENB) is a Trending Stock
• Neutral Sentiment: Analyst and comparison pieces highlighted Enbridge’s dividend growth history and compared it with peers, but these were largely review articles rather than new catalysts. Enbridge Vs. TC Energy Vs. Pembina Pipeline: How I Rank Canada’s 3 Pipeline Giants
• Neutral Sentiment: Other coverage was mostly informational or unrelated to Enbridge’s core operating outlook, including a pension settlement report and a third-party board appointment involving an Enbridge executive. Ontario court approves $826,836 Enbridge pension settlement

Enbridge Stock Up 0.1%

Enbridge stock opened at $56.49 on Friday. The stock has a market capitalization of $123.35 billion, a PE ratio of 26.52 and a beta of 0.58. Enbridge Inc has a 12 month low of $43.59 and a 12 month high of $58.45. The business has a 50 day simple moving average of $54.77 and a 200-day simple moving average of $51.61. 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 quarterly earnings data on Friday, May 8th. The pipeline company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $8.49 billion. Enbridge had a return on equity of 11.21% and a net margin of 9.83%.During the same period in the previous year, the business earned $1.03 earnings per share. On average, analysts anticipate that Enbridge Inc will post 2.17 EPS for the current fiscal year.

Enbridge Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were given a $0.97 dividend. The ex-dividend date was Friday, May 15th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 6.9%. Enbridge’s payout ratio is 133.80%.

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.