Enbridge Inc (NYSE:ENB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Enbridge Inc (NYSE:ENB) (TSE:ENB) has been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $71.1667.

A number of analysts have recently issued reports on the stock. Wolfe Research set a $50.00 price objective on shares of Enbridge in a report on Tuesday, August 4th. Raymond James Financial restated a “market perform” rating on shares of Enbridge in a report on Tuesday. TD Securities began coverage on shares of Enbridge in a research report on Monday. They issued a “buy” rating for the company. Royal Bank Of Canada lifted their price target on shares of Enbridge from $79.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, National Bank Financial raised shares of Enbridge from a “sector perform” rating to an “outperform” rating in a research report on Tuesday.

Trending Headlines about Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Orderly CEO succession: Enbridge announced that Michele Harradence will become president and CEO on January 1, 2027, succeeding retiring CEO Greg Ebel. Harradence’s extensive internal experience may reassure investors that the transition is part of a deliberate, multi-year succession plan. Enbridge Names Michele Harradence CEO Effective January 1, 2027
• Positive Sentiment: Line 5 has resumed operations: Enbridge restarted the Line 5 pipeline using a temporary bypass after a Wisconsin incident. The restart reduces the risk of prolonged disruption and preserves energy flows to Midwest and Great Lakes refineries, although regulatory and environmental scrutiny remains. ENB Restarts Line 5 With Temporary Bypass
• Positive Sentiment: Growth opportunity in West Texas: Enbridge launched an open season for a proposed 150-mile natural-gas pipeline, potentially expanding its fee-based infrastructure footprint and future cash flow. Enbridge Launches Open Season for West Texas Pipeline
• Positive Sentiment: Analyst support: TD upgraded Enbridge to Buy, while Scotiabank and ATB Cormark maintained Buy ratings. A separate report said analysts’ consensus view is Moderate Buy, providing a supportive backdrop for the stock. Enbridge Upgraded to Buy at TD
• Neutral Sentiment: Mixed investment case: Commentary describes Enbridge as a solid, income-oriented company but argues that other stocks may offer greater upside. This could limit enthusiasm despite the company’s defensive pipeline and utility exposure. Enbridge Is Solid, But This Stock Offers More Upside
• Negative Sentiment: Leverage and rate concerns: Bearish analysis highlights Enbridge’s high debt burden, rising interest rates and exposure to Venezuelan oil-related risks. Higher financing costs could pressure cash flow and valuation, particularly given the company’s debt-to-equity ratio. Enbridge: High Leverage, Rising Rates, and More Venezuelan Oil
• Negative Sentiment: Environmental and regulatory risk: Tribes and environmental groups are calling for state action following an Enbridge spill in Iron County. Continued scrutiny could increase remediation costs, regulatory constraints or reputational pressure. Tribes and Environmentalists Call for State Action After Enbridge Spill

Enbridge Stock Up 0.8%

NYSE:ENB opened at $48.73 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market cap of $108.60 billion, a PE ratio of 26.06, a PEG ratio of 5.69 and a beta of 0.57. Enbridge has a 52-week low of $45.03 and a 52-week high of $58.45. The stock has a 50-day simple moving average of $52.14 and a 200 day simple moving average of $53.76.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, July 31st. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, beating 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 business had revenue of $9.70 billion for the quarter, compared to analyst estimates of $8.67 billion. During the same quarter last year, the firm earned $0.65 EPS. On average, sell-side analysts expect that Enbridge will post 2.13 EPS for the current fiscal year.

Enbridge Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were given a $0.97 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 8.0%. Enbridge’s payout ratio is currently 147.06%.

Institutional Trading of Enbridge

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Altus USA Inc. increased its position in shares of Enbridge by 10.2% during the 2nd quarter. Wellington Altus USA Inc. now owns 14,768 shares of the pipeline company’s stock worth $848,000 after purchasing an additional 1,367 shares during the last quarter. Smith Chas P & Associates PA Cpas increased its holdings in Enbridge by 11.2% during the second quarter. Smith Chas P & Associates PA Cpas now owns 5,289 shares of the pipeline company’s stock worth $287,000 after buying an additional 532 shares during the last quarter. Core Capital Management & Research inc. bought a new stake in Enbridge during the second quarter worth $66,000. The Manufacturers Life Insurance Company lifted its stake in 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 acquiring an additional 268,800 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in Enbridge by 25.0% in the second quarter. Tidal Investments LLC now owns 37,463 shares of the pipeline company’s stock valued at $2,031,000 after acquiring an additional 7,489 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.

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.