Enbridge Inc $ENB Stock: Hennessy Advisors Inc. Boosts Holdings

Hennessy Advisors Inc. lifted its position in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 8.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 491,665 shares of the pipeline company’s stock after acquiring an additional 37,100 shares during the period. Hennessy Advisors Inc.’s holdings in Enbridge were worth $22,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in shares of Enbridge by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,844,716 shares of the pipeline company’s stock worth $208,427,000 after buying an additional 26,591 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in 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 purchasing an additional 268,800 shares during the period. Empowered Funds LLC increased its position in shares of Enbridge by 24.2% in the first quarter. Empowered Funds LLC now owns 110,014 shares of the pipeline company’s stock valued at $5,956,000 after buying an additional 21,442 shares in the last quarter. SCS Capital Management LLC purchased a new stake in shares of Enbridge in the second quarter valued at approximately $9,204,000. Finally, BlackRock Inc. acquired a new position in shares of Enbridge during the 2nd quarter worth approximately $183,623,000. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge News Summary

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge’s essential pipeline and utility infrastructure, recent acquisitions, and double-digit revenue growth provide a more stable profile than many energy producers. Its dividend has increased for 31 consecutive years, supporting the stock’s appeal to income-focused investors. Enbridge’s Earnings Slipped Last Quarter. Its Dividend Didn’t.
• Positive Sentiment: Recent comparison articles continue to identify Enbridge as a potentially attractive value and income investment, particularly because its regulated and fee-based operations can be less sensitive to oil-price volatility than an integrated producer such as Chevron. Chevron vs. Enbridge: Which Energy Giant Makes More Money Off the Iran War Oil Price Shock?
• Neutral Sentiment: Enbridge is scheduled to report earnings soon, with Wall Street expecting year-over-year earnings growth. The report could become the next major catalyst, particularly for updates on cash flow, acquisition integration, and dividend coverage. Enbridge Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Despite the expected earnings growth, Zacks noted that Enbridge lacks the combination of estimate revisions and earnings-surprise momentum that typically supports a likely earnings beat. That may be limiting upside ahead of the report. Enbridge Earnings Expectations
• Negative Sentiment: US Capital Advisors reduced its EPS forecasts for the upcoming quarter and several 2027 periods, including lowering its FY2027 estimate to $2.35 from $2.41. The firm maintained a “Moderate Buy” rating, but the cuts signal softer near-term expectations. US Capital Advisors Forecasts Enbridge FY2028 Earnings

Analyst Ratings Changes

A number of research firms have recently commented on ENB. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Enbridge in a research note on Thursday, October 22nd. National Bank Financial raised shares of Enbridge from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, September 15th. BMO Capital Markets upgraded Enbridge from a “market perform” rating to an “outperform” rating and set a $79.50 price objective on the stock in a report on Monday, September 14th. Jefferies Financial Group reiterated a “hold” rating on shares of Enbridge in a research note on Monday, September 14th. Finally, US Capital Advisors raised Enbridge from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Enbridge currently has an average rating of “Moderate Buy” and an average price target of $65.88.

Enbridge Stock Down 0.1%

Enbridge stock opened at $49.43 on Monday. The firm has a market capitalization of $110.17 billion, a P/E ratio of 26.43, a P/E/G ratio of 5.94 and a beta of 0.59. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.69. Enbridge Inc has a twelve month low of $45.03 and a twelve month high of $58.45. The stock’s fifty day simple moving average is $48.28 and its 200-day simple moving average is $52.15.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Friday, July 31st. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. The business had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $8.67 billion. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. During the same quarter in the prior year, the business posted $0.65 EPS. As a group, equities analysts expect that Enbridge Inc will post 2.08 earnings per share for the current fiscal year.

Enbridge Company Profile

Enbridge Inc is a Canadian energy infrastructure company that operates one of the largest pipeline and energy delivery networks in North America. Its businesses transport crude oil and other liquid hydrocarbons, move and store natural gas, and deliver natural gas to residential, commercial and industrial customers.

The company’s operations span Canada and the United States, including extensive pipeline systems serving major producing regions, refineries and population centers. Enbridge also develops and operates renewable power assets, including offshore and onshore wind projects, solar facilities and other lower-carbon energy infrastructure.

Enbridge traces its history to the Interprovincial Pipe Line Company, founded in 1949 to transport Canadian crude oil.