Brokerages Set Enbridge Inc (NYSE:ENB) Target Price at $67.00

Enbridge Inc (NYSE:ENB) (TSE:ENB) has been given an average rating of “Hold” by the twelve research firms that are currently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $67.00.

A number of equities research analysts recently commented on ENB shares. Wolfe Research set a $50.00 target price on Enbridge in a report on Tuesday, August 4th. Wall Street Zen upgraded shares of Enbridge from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Scotiabank reiterated an “outperform” rating on shares of Enbridge in a report on Tuesday, July 21st. BMO Capital Markets reissued a “market perform” rating on shares of Enbridge in a research report on Monday, August 3rd. Finally, Raymond James Financial cut shares of Enbridge from an “outperform” rating to a “market perform” rating in a research note on Friday, July 31st.

More Enbridge News

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: US Capital Advisors upgraded Enbridge from “hold” to “moderate buy,” signaling improved confidence in the company’s risk-reward profile at recent valuation levels. Zacks.com
• Positive Sentiment: US Capital Advisors raised its earnings forecasts across several periods. Estimates increased to $0.43 per share for Q3 2026, $0.61 for Q4 2026, $0.48 for Q2 2027, $0.46 for Q3 2027 and $0.69 for Q4 2027. Its FY2027 forecast rose to $2.41 per share from $2.24, above the current full-year consensus of $2.11. These revisions suggest expectations for stronger earnings momentum. MarketBeat analyst estimates
• Positive Sentiment: Enbridge’s long dividend-growth record remains attractive to income investors. The company has increased its dividend for 31 consecutive years, and the recent share-price pullback may improve its yield and valuation appeal. Enbridge dividend analysis
• Neutral Sentiment: Some analysis suggests Enbridge is fairly valued after generating roughly a 93% total return over five years, limiting the potential for near-term multiple expansion despite its infrastructure cash flows. Enbridge valuation analysis
• Negative Sentiment: Risks include weaker second-quarter results, elevated leverage and competition. Enbridge has a roughly CAD 41 billion secured growth backlog, but competing egress pipelines could pressure volumes on its Mainline System, which contributes about one-third of EBITDA. Debt-to-EBITDA of approximately 5.1 times also exceeds the company’s preferred range and leaves earnings more exposed to interest costs. Enbridge growth backlog and Mainline risks

Enbridge Price Performance

NYSE ENB opened at $50.48 on Monday. The company has a market cap of $110.25 billion, a price-to-earnings ratio of 26.99 and a beta of 0.58. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.72 and a quick ratio of 0.66. The stock’s fifty day moving average price is $54.14 and its 200 day moving average price is $54.03. Enbridge has a 1 year low of $45.03 and a 1 year high of $58.45.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, July 31st. The pipeline company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $8.67 billion. Enbridge had a return on equity of 11.17% and a net margin of 7.20%.During the same quarter in the previous year, the firm posted $0.65 EPS. As a group, equities research analysts forecast that Enbridge will post 2.11 earnings per share for the current year.

Enbridge Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, August 14th. This represents a $3.88 dividend on an annualized basis and a yield of 7.7%. Enbridge’s payout ratio is currently 147.06%.

Institutional Investors Weigh In On Enbridge

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC purchased a new position in shares of Enbridge during the 2nd quarter valued at about $1,223,000. Kintra Wealth LLC boosted its stake in shares of Enbridge by 63.4% in the second quarter. Kintra Wealth LLC now owns 6,843 shares of the pipeline company’s stock worth $351,000 after buying an additional 2,654 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its stake in shares of Enbridge by 29.6% in the second quarter. Beaird Harris Wealth Management LLC now owns 2,813 shares of the pipeline company’s stock worth $152,000 after buying an additional 642 shares during the last quarter. HB Wealth Management LLC boosted its stake in shares of Enbridge by 2.8% in the second quarter. HB Wealth Management LLC now owns 29,571 shares of the pipeline company’s stock worth $1,603,000 after buying an additional 799 shares during the last quarter. Finally, NBH Bank acquired a new stake in Enbridge during the second quarter worth about $597,000. 54.60% of the stock is owned by institutional investors and hedge funds.

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.