Connor Clark & Lunn Investment Management Ltd. Buys 3,205,322 Shares of Enbridge Inc $ENB

Connor Clark & Lunn Investment Management Ltd. grew its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 18.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 20,624,547 shares of the pipeline company’s stock after buying an additional 3,205,322 shares during the quarter. Enbridge accounts for approximately 2.1% of Connor Clark & Lunn Investment Management Ltd.’s portfolio, making the stock its 4th biggest position. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.94% of Enbridge worth $1,117,353,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ENB. Empowered Funds LLC boosted its holdings in 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 purchasing an additional 21,442 shares in the last quarter. SCS Capital Management LLC acquired a new stake in Enbridge during the second quarter worth approximately $9,204,000. Vanguard Group Inc. lifted its position in shares of Enbridge by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 100,364,993 shares of the pipeline company’s stock worth $4,802,766,000 after buying an additional 2,067,516 shares during the last quarter. RNC Capital Management LLC lifted its position in shares of Enbridge by 1.6% during the 4th quarter. RNC Capital Management LLC now owns 1,446,697 shares of the pipeline company’s stock worth $69,196,000 after buying an additional 22,637 shares during the last quarter. Finally, Western Wealth Management LLC lifted its position in shares of Enbridge by 346.8% during the 1st quarter. Western Wealth Management LLC now owns 36,190 shares of the pipeline company’s stock worth $1,959,000 after buying an additional 28,091 shares during the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: US Capital Advisors upgraded Enbridge from “hold” to “moderate buy,” signaling improved confidence in the company’s risk-reward profile at recent valuation levels. Zacks.com
• Positive Sentiment: US Capital Advisors raised its earnings forecasts across several periods. Estimates increased to $0.43 per share for Q3 2026, $0.61 for Q4 2026, $0.48 for Q2 2027, $0.46 for Q3 2027 and $0.69 for Q4 2027. Its FY2027 forecast rose to $2.41 per share from $2.24, above the current full-year consensus of $2.11. These revisions suggest expectations for stronger earnings momentum. MarketBeat analyst estimates
• Positive Sentiment: Enbridge’s long dividend-growth record remains attractive to income investors. The company has increased its dividend for 31 consecutive years, and the recent share-price pullback may improve its yield and valuation appeal. Enbridge dividend analysis
• Neutral Sentiment: Some analysis suggests Enbridge is fairly valued after generating roughly a 93% total return over five years, limiting the potential for near-term multiple expansion despite its infrastructure cash flows. Enbridge valuation analysis
• Negative Sentiment: Risks include weaker second-quarter results, elevated leverage and competition. Enbridge has a roughly CAD 41 billion secured growth backlog, but competing egress pipelines could pressure volumes on its Mainline System, which contributes about one-third of EBITDA. Debt-to-EBITDA of approximately 5.1 times also exceeds the company’s preferred range and leaves earnings more exposed to interest costs. Enbridge growth backlog and Mainline risks

Enbridge Stock Performance

NYSE ENB opened at $50.48 on Monday. The firm has a market cap of $110.25 billion, a P/E ratio of 26.99 and a beta of 0.58. Enbridge Inc has a 52-week low of $45.03 and a 52-week high of $58.45. The business’s 50-day moving average price is $54.14 and its 200 day moving average price is $54.03. 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 (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, July 31st. The pipeline company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. Enbridge had a return on equity of 11.17% and a net margin of 7.20%.The firm had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $8.67 billion. During the same period in the prior year, the business earned $0.65 EPS. On average, equities research analysts expect that Enbridge Inc will post 2.11 earnings per share for the current year.

Enbridge Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Friday, August 14th. Enbridge’s dividend payout ratio is 147.06%.

Analysts Set New Price Targets

ENB has been the topic of a number of recent analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Enbridge in a research report on Tuesday, July 21st. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Enbridge in a research report on Monday, May 11th. Raymond James Financial downgraded shares of Enbridge from an “outperform” rating to a “market perform” rating in a research note on Friday, July 31st. Royal Bank Of Canada raised their price objective on Enbridge from $79.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Finally, Wall Street Zen raised Enbridge from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $67.00.

Enbridge Profile

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.