Columbus Macro LLC Sells 153,502 Shares of Enbridge Inc $ENB

Columbus Macro LLC cut its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 42.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 206,609 shares of the pipeline company’s stock after selling 153,502 shares during the quarter. Columbus Macro LLC’s holdings in Enbridge were worth $9,620,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ENB. Sanders Morris Harris LLC purchased a new position in Enbridge in the 3rd quarter valued at approximately $216,000. First Citizens Bank & Trust Co. raised its holdings in Enbridge by 18.0% during the third quarter. First Citizens Bank & Trust Co. now owns 7,964 shares of the pipeline company’s stock worth $370,000 after purchasing an additional 1,214 shares during the last quarter. Focus Financial Network Inc. boosted its position in Enbridge by 1.1% during the third quarter. Focus Financial Network Inc. now owns 27,206 shares of the pipeline company’s stock worth $1,265,000 after purchasing an additional 306 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in Enbridge by 0.5% during the third quarter. Salem Investment Counselors Inc. now owns 160,824 shares of the pipeline company’s stock worth $7,477,000 after purchasing an additional 820 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its position in Enbridge by 6.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 9,777 shares of the pipeline company’s stock worth $455,000 after purchasing an additional 568 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Price Performance

Shares of ENB traded down $0.11 during mid-day trading on Wednesday, reaching $47.35. 3,872,415 shares of the company’s stock were exchanged, compared to its average volume of 4,866,104. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.69. Enbridge Inc has a 52-week low of $45.03 and a 52-week high of $58.45. The company has a market cap of $105.54 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 5.57 and a beta of 0.60. The company has a 50-day simple moving average of $49.07 and a two-hundred day simple moving average of $52.87.

Enbridge (NYSE:ENB) (TSE:ENB) last posted 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. The firm had revenue of $9.70 billion for the quarter, compared to analyst estimates 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 prior year, the company earned $0.65 EPS. On average, sell-side analysts predict that Enbridge Inc will post 2.11 EPS for the current fiscal year.

Enbridge Announces Dividend

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

Key Headlines Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Sunrise Expansion adds a major growth catalyst. 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 increasing contracted natural-gas cash flow and long-term earnings visibility. How Investors May Respond To Enbridge Sunrise Expansion And Reaffirmed 2026 Dividend Outlook
• Positive Sentiment: Dividend and 2026 outlook were reaffirmed. Management’s confirmation of its guidance and dividend outlook reinforces the investment case for Enbridge’s contracted, relatively predictable cash flows. The company’s large secured capital backlog and investment-grade credit profile also prompted at least one analyst to restore a “Buy” rating. Enbridge Now Back To A Buy Rating Upgrade
• Neutral Sentiment: Valuation is dividing investors. Enbridge has delivered strong multiyear returns, but some commentary argues the shares are now fully priced relative to earnings. Recent momentum has cooled despite positive year-to-date and one-year total returns, creating a debate between the stock’s income appeal and its valuation. Enbridge Stock Looks Fully Priced After Its 83% Run
• Negative Sentiment: Line 5 faces renewed regulatory and operational risks. Wisconsin regulators reportedly notified Enbridge of alleged water-protection violations related to the Line 5 reroute. Separately, another fire reportedly destroyed equipment at the project site. The developments could increase costs, delay construction, and intensify legal or permitting uncertainty. Wisconsin DNR Notifies Enbridge of Alleged Line 5 Violations

Analysts Set New Price Targets

ENB has been the topic of several research reports. Scotiabank raised Enbridge to a “strong-buy” rating in a report on Thursday, September 17th. BMO Capital Markets raised Enbridge from a “market perform” rating to an “outperform” rating and set a $79.50 price target for the company in a research note on Monday, September 14th. Jefferies Financial Group reiterated a “hold” rating on shares of Enbridge in a research report on Monday, September 14th. Canadian Imperial Bank of Commerce upgraded shares of Enbridge from a “neutral” rating to a “sector outperform” rating in a research report on Thursday, August 27th. Finally, Wolfe Research set a $50.00 price objective on shares of Enbridge in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.88.

Enbridge Profile

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.