HBW Advisory Services LLC Sells 11,895 Shares of Enbridge Inc $ENB

HBW Advisory Services LLC reduced its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 23.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,304 shares of the pipeline company’s stock after selling 11,895 shares during the quarter. HBW Advisory Services LLC’s holdings in Enbridge were worth $1,827,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in Enbridge by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,844,716 shares of the pipeline company’s stock valued at $208,427,000 after acquiring an additional 26,591 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Enbridge by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,079,469 shares of the pipeline company’s stock worth $599,709,000 after acquiring an additional 268,800 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Enbridge by 24.2% in the 1st quarter. Empowered Funds LLC now owns 110,014 shares of the pipeline company’s stock worth $5,956,000 after acquiring an additional 21,442 shares during the last quarter. SCS Capital Management LLC purchased a new position in shares of Enbridge during the 2nd quarter worth about $9,204,000. Finally, BlackRock Inc. purchased a new position in shares of Enbridge during the 2nd quarter worth about $183,623,000. 54.60% of the stock is owned by institutional investors.

Enbridge Stock Performance

ENB stock opened at $47.35 on Thursday. 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 business’s fifty day simple moving average is $48.98 and its two-hundred day simple moving average is $52.82. Enbridge Inc has a twelve month low of $45.03 and a twelve month high of $58.45. The firm has a market cap of $105.54 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 5.63 and a beta of 0.60.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, July 31st. The pipeline company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The business 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. Analysts predict that Enbridge Inc will post 2.11 earnings per share for the current year.

Enbridge Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were issued a dividend of C$0.97 per share. The ex-dividend date was Friday, August 14th. This represents a $3.88 dividend on an annualized basis and a yield of 8.2%. Enbridge’s dividend payout ratio (DPR) is presently 147.06%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Royal Bank Of Canada upped their price target on shares of Enbridge from $79.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. BMO Capital Markets raised shares of Enbridge from a “market perform” rating to an “outperform” rating and set a $79.50 price objective for the company in a research note on Monday, September 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Enbridge in a research note on Wednesday, August 19th. The Goldman Sachs Group assumed coverage on Enbridge in a research report on Wednesday, September 30th. They set a “neutral” rating and a $50.00 target price for the company. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Enbridge in a research note on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Enbridge has a consensus rating of “Moderate Buy” and an average target price of $65.88.

Key Headlines Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge began construction on the approximately C$4 billion Sunrise Expansion in British Columbia. The project is expected to add about 87 miles of pipeline and 300 million cubic feet per day of capacity to the Westcoast system, potentially strengthening contracted cash-flow growth. How Investors May Respond To Enbridge Sunrise Expansion And Reaffirmed 2026 Dividend Outlook
• Positive Sentiment: The company reaffirmed its 2026 guidance and dividend outlook, providing reassurance about expected earnings visibility and payout coverage. Enbridge’s large secured capital backlog and stable BBB+ credit rating also support the long-term investment case. Enbridge: Now Back To A Buy
• Neutral Sentiment: Analyst commentary is divided on valuation. Some investors view the recent decline as an opportunity for a high-yield infrastructure business, while others believe much of Enbridge’s long-term earnings potential is already reflected in the stock after an approximately 83% three-year return. Enbridge Stock Looks Fully Priced After Its 83% Run
• Negative Sentiment: Wisconsin regulators issued notices alleging water-protection violations related to the Line 5 reroute. Environmental and tribal concerns around the Bad River reservation could increase compliance costs, delay the project, or create additional legal and permitting uncertainty. Wisconsin DNR Notifies Enbridge of Alleged Violations
• Negative Sentiment: A fire reportedly destroyed another drill rig used for the Line 5 reroute. Although the financial impact is not yet clear, the incident adds to execution and schedule risks for an already controversial project. Another Fire Destroys Drill Rig on Line 5 Project

About Enbridge

Enbridge Inc (NYSE: ENB) is a Canadian energy infrastructure company that transports and distributes oil, natural gas and renewable energy across North America. Its operations include crude oil and liquids pipelines, natural gas transmission and storage, natural gas distribution and utility services, and renewable power generation. The company serves customers and communities in Canada and the United States.

Enbridge’s liquids pipeline network transports crude oil and other liquid hydrocarbons to refineries, export terminals and market hubs.