Enbridge Inc. (TSE:ENB) Receives Average Recommendation of “Moderate Buy” from Brokerages

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$76.00.

A number of equities research analysts recently weighed in on ENB shares. National Bank Financial lifted their price objective on shares of Enbridge from C$73.00 to C$81.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. Royal Bank Of Canada upped their target price on Enbridge from C$76.00 to C$79.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Barclays increased their price target on shares of Enbridge from C$68.00 to C$73.00 in a research report on Tuesday, April 7th. Scotiabank increased their price objective on Enbridge from C$78.00 to C$84.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 21st. Finally, Raymond James Financial raised their price objective on Enbridge from C$78.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th.

Enbridge Stock Performance

ENB stock opened at C$76.28 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 171.59. The business’s fifty day simple moving average is C$78.04 and its two-hundred day simple moving average is C$74.15. Enbridge has a twelve month low of C$61.99 and a twelve month high of C$80.65. The firm has a market cap of C$166.57 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 1.72 and a beta of 0.73.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its earnings results on Friday, July 31st. The company reported C$0.63 earnings per share (EPS) for the quarter. The firm had revenue of C$29.32 billion during the quarter. Enbridge had a net margin of 7.28% and a return on equity of 10.01%. Analysts predict that Enbridge will post 3.511912 earnings per share for the current year.

Enbridge Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st will be paid a $0.97 dividend. The ex-dividend date is Friday, August 14th. This represents a $3.88 dividend on an annualized basis and a yield of 5.1%. Enbridge’s dividend payout ratio (DPR) is 128.73%.

Insider Activity

In other Enbridge news, Director Mayank Mulraj Ashar sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of C$78.87, for a total value of C$236,610.00. Following the completion of the sale, the director owned 42,000 shares of the company’s stock, valued at approximately C$3,312,540. This trade represents a 6.67% decrease in their ownership of the stock. Also, insider Melissa Marie Laforge sold 855 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$80.16, for a total value of C$68,536.80. Following the sale, the insider owned 7,904 shares in the company, valued at C$633,584.64. The trade was a 9.76% decrease in their position. In the last three months, insiders sold 8,855 shares of company stock valued at $695,547. Corporate insiders own 0.10% of the company’s stock.

Key Enbridge News

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Strong second-quarter performance: Enbridge reported C$0.63 in quarterly EPS and C$29.32 billion in revenue, surpassing analysts’ expectations. Reported earnings beat estimates by 6.98%, while revenue exceeded estimates by 95.21%. The company also reaffirmed its 2026 guidance. Enbridge Reports Strong Second Quarter Results Enbridge Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Backlog reached $41 billion: Management’s update highlighted growth in secured projects, supporting the outlook for relatively predictable future cash flow and potential long-term earnings growth.
• Positive Sentiment: Dividend remains attractive: Enbridge declared a quarterly dividend of C$0.97 per share, equivalent to approximately C$3.88 annually and a yield of about 5.1%. The payment reinforces the company’s appeal to income-focused investors.
• Positive Sentiment: Analysts modestly raised forecasts: US Capital Advisors increased its EPS estimates for several 2026–2028 periods, including FY2027 to $3.15 from $3.11 and FY2028 to $3.38 from $3.33. These revisions indicate slightly improved expectations for future earnings.
• Negative Sentiment: Pipeline relocation ruling creates risk: A U.S. appeals court ruled that an Enbridge pipeline must be moved from Wisconsin tribal land. The decision could lead to additional costs, operational disruption, permitting complexity and delays, partially offsetting the positive earnings news. Enbridge Pipeline Relocation Ruling

Enbridge Company Profile

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.