Enbridge (NYSE:ENB) Shares Cross Below Fifty Day Moving Average – What’s Next?

Enbridge Inc (NYSE:ENB) (TSE:ENB) passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $48.10 and traded as low as $46.38. Enbridge shares last traded at $46.8350, with a volume of 10,477,675 shares trading hands.

Enbridge News Roundup

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge reported third-quarter adjusted earnings of C$0.39 per share, above the C$0.36 consensus, with revenue also topping estimates. Profit rose substantially from a year earlier, supported in part by its natural gas businesses. Article: Enbridge Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: The company reaffirmed its 2026 financial guidance and said more than C$3 billion of gas transmission projects entered service, supporting its growth and earnings outlook. Article: Enbridge Reports Strong Third Quarter Results
• Neutral Sentiment: Enbridge is exploring a pipeline role in Canada’s Pathways carbon-capture network. It also plans to acquire Tallgrass Crude to expand its Rockies pipeline corridor; these opportunities could add growth, though the reports do not detail their financial impact. Article: Enbridge and the Pathways carbon-capture network
• Neutral Sentiment: CEO Greg Ebel is set to retire in January, with Michele Harradence stepping up. The planned transition could be worth watching, but no change in strategy is reported. Article: Enbridge CEO to Retire

Wall Street Analysts Forecast Growth

ENB has been the subject of a number of research reports. Wall Street Zen upgraded shares of Enbridge from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. BMO Capital Markets upgraded shares of Enbridge from a “market perform” rating to an “outperform” rating and set a $79.50 price target on the stock in a research report on Monday, September 14th. Raymond James Financial reaffirmed a “market perform” rating on shares of Enbridge in a research note on Tuesday, September 15th. Jefferies Financial Group reiterated a “hold” rating on shares of Enbridge in a research note on Monday, September 14th. Finally, US Capital Advisors raised Enbridge from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Enbridge currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.88.

Enbridge Stock Performance

The company has a market cap of $104.39 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 5.91 and a beta of 0.59. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.69. The firm has a 50-day simple moving average of $48.10 and a 200 day simple moving average of $52.18.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, November 6th. The pipeline company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $21.08 billion during the quarter, compared to analysts’ expectations of $9.62 billion. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. On average, sell-side analysts predict that Enbridge Inc will post 2.08 earnings per share for the current fiscal year.

Enbridge Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a dividend of C$0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Friday, November 13th. Enbridge’s dividend payout ratio (DPR) is currently 147.06%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Deutsche Bank AG bought a new position in Enbridge during the second quarter valued at $1,850,502,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Enbridge by 18.4% during 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 in the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Enbridge by 1.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 16,456,664 shares of the pipeline company’s stock worth $760,553,000 after purchasing an additional 266,866 shares during the last quarter. Amundi boosted its holdings in shares of Enbridge by 8.5% in the second quarter. Amundi now owns 11,948,497 shares of the pipeline company’s stock worth $647,728,000 after buying an additional 936,435 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Enbridge by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 11,079,469 shares of the pipeline company’s stock valued at $599,709,000 after purchasing an additional 268,800 shares during the period. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Company Profile

Enbridge Inc is a North American energy infrastructure company that transports and distributes energy. Its businesses include crude oil and liquids pipelines, natural gas transmission and storage, and natural gas utilities that serve homes and businesses.

Founded in 1949 as Interprovincial Pipe Line Company, Enbridge has grown into a cross-border operator serving customers and energy markets in Canada and the United States. Its infrastructure moves crude oil, natural gas and natural gas liquids, connecting producers with refineries, utilities and other markets.

Enbridge also invests in renewable power, including wind and solar projects, alongside its energy transportation and distribution operations.