Jacobs & Co. CA Has $13.34 Million Stake in Enbridge Inc $ENB

Jacobs & Co. CA reduced its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,172 shares of the pipeline company’s stock after selling 10,652 shares during the period. Enbridge makes up approximately 1.1% of Jacobs & Co. CA’s investment portfolio, making the stock its 28th biggest position. Jacobs & Co. CA’s holdings in Enbridge were worth $13,344,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Triumph Capital Management acquired a new position in Enbridge in the 3rd quarter valued at $26,000. Arlington Trust Co LLC grew its holdings in shares of Enbridge by 114.6% during the 2nd quarter. Arlington Trust Co LLC now owns 500 shares of the pipeline company’s stock worth $27,000 after purchasing an additional 267 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new stake in shares of Enbridge during the 3rd quarter worth $28,000. Inspire Investing LLC bought a new position in shares of Enbridge in the fourth quarter worth $29,000. Finally, Garner Asset Management Corp bought a new position in shares of Enbridge in the fourth quarter worth $30,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Trading Down 0.7%

Shares of ENB stock opened at $51.35 on Friday. Enbridge Inc has a twelve month low of $45.03 and a twelve month high of $58.45. The stock’s fifty day simple moving average is $55.14 and its 200 day simple moving average is $53.78. The company has a quick ratio of 0.73, a current ratio of 0.72 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $112.15 billion, a P/E ratio of 27.46 and a beta of 0.58.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, July 31st. The pipeline company reported $0.46 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 the consensus estimate 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 company earned $0.65 earnings per share. As a group, sell-side analysts predict that Enbridge Inc will post 2.1 EPS for the current fiscal year.

Enbridge Announces Dividend

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

Key Headlines Impacting Enbridge

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of Enbridge from $79.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. BMO Capital Markets reissued a “market perform” rating on shares of Enbridge in a report on Monday, August 3rd. TD Securities restated a “hold” rating on shares of Enbridge in a research report on Thursday, July 16th. Raymond James Financial cut shares of Enbridge from an “outperform” rating to a “market perform” rating in a research report on Friday, July 31st. Finally, Wolfe Research set a $50.00 price target on shares of Enbridge in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.67.

Enbridge 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.