Enbridge (NYSE:ENB) Rating Increased to Strong-Buy at National Bank Financial

Enbridge (NYSE:ENB) (TSE:ENB) was upgraded by National Bank Financial from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday, Zacks reports.

Several other equities research analysts have also recently issued reports on ENB. Wolfe Research set a $50.00 price target on shares of Enbridge in a research note on Tuesday, August 4th. Canadian Imperial Bank of Commerce raised shares of Enbridge from a “neutral” rating to a “sector outperform” rating in a research report on Thursday, August 27th. Wall Street Zen raised shares of Enbridge from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. BMO Capital Markets restated a “market perform” rating on shares of Enbridge in a research report on Monday, August 3rd. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Enbridge in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Enbridge presently has an average rating of “Moderate Buy” and a consensus price target of $67.00.

Enbridge Stock Down 0.7%

ENB opened at $50.15 on Wednesday. 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 market cap of $109.52 billion, a P/E ratio of 26.82, a PEG ratio of 5.99 and a beta of 0.57. Enbridge has a 52 week low of $45.03 and a 52 week high of $58.45. The business’s fifty day simple moving average is $52.88 and its 200 day simple moving average is $53.94.

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

Institutional Investors Weigh In On Enbridge

A number of institutional investors have recently bought and sold shares of the stock. Retirement Planning Group LLC raised its stake in Enbridge by 3.6% during the first quarter. Retirement Planning Group LLC now owns 5,357 shares of the pipeline company’s stock worth $290,000 after purchasing an additional 187 shares during the period. Bank & Trust Co boosted its holdings in shares of Enbridge by 0.6% in the 2nd quarter. Bank & Trust Co now owns 33,276 shares of the pipeline company’s stock valued at $1,804,000 after purchasing an additional 193 shares during the last quarter. Cornerstone Wealth Management LLC grew its stake in shares of Enbridge by 0.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 31,543 shares of the pipeline company’s stock valued at $1,710,000 after buying an additional 194 shares during the period. PFG Investments LLC grew its stake in shares of Enbridge by 0.9% during the 1st quarter. PFG Investments LLC now owns 22,208 shares of the pipeline company’s stock valued at $1,202,000 after buying an additional 202 shares during the period. Finally, MIdWestOne Financial Group Inc. increased its holdings in shares of Enbridge by 4.3% during the 4th quarter. MIdWestOne Financial Group Inc. now owns 4,906 shares of the pipeline company’s stock worth $235,000 after buying an additional 203 shares during the last quarter. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge News Roundup

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge agreed to acquire Tallgrass Energy’s crude transportation business for approximately $2.55 billion. The deal includes a 75% interest in the Pony Express pipeline, which connects Rocky Mountain oil production with the Cushing, Oklahoma storage hub, as well as related storage assets. The acquisition expands Enbridge’s U.S. crude pipeline footprint and could add long-term, fee-based cash flow. Enbridge to acquire Tallgrass Energy’s crude transportation business for $2.55 billion
• Positive Sentiment: Enbridge Gas Ohio has begun a $33 million pipeline project in Jackson Township. Although modest relative to Enbridge’s overall business, the project supports system reliability and regulated utility investment. Enbridge Gas Ohio embarks on $33M pipeline project in Jackson Twp.
• Neutral Sentiment: President and CEO Greg Ebel will retire at the end of 2026, with insider Michele Harradence taking over on January 1, 2027. Harradence’s internal appointment reduces transition risk and suggests strategic continuity, though investors will monitor execution under the new leadership. Enbridge names insider Harradence CEO as Greg Ebel retires
• Negative Sentiment: Enbridge launched a roughly CA$2.6 billion bought-deal share offering to help fund the Tallgrass transaction. While the financing supports growth, the new shares may dilute existing shareholders and could increase concerns about leverage and capital-allocation discipline. Enbridge to Buy Tallgrass’ Crude Business for $2.55 Billion; Launches CA$2.6 Billion Bought-Deal Offering
• Negative Sentiment: Michigan Governor Gretchen Whitmer said the state is reconsidering permits for Enbridge’s Line 5 and again urged the company to shut the pipeline. Renewed regulatory and shutdown risk threatens one of Enbridge’s important cross-border energy assets. Whitmer says state is rethinking Line 5 permits

About Enbridge

Enbridge Inc is a Canadian energy infrastructure company headquartered in Calgary, Alberta. Founded in 1949 as Interprovincial Pipe Line, the company has grown into one of North America’s largest energy delivery businesses, operating primarily in Canada and the United States.

Enbridge’s operations include crude oil and liquids pipelines, natural gas transmission and storage, and natural gas distribution and utility services. Its pipeline systems transport energy products from producing regions to refineries, export facilities, utilities and other customers.