Enbridge Inc $ENB Shares Acquired by Hennessy Advisors Inc.

Hennessy Advisors Inc. lifted its holdings in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 8.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 491,665 shares of the pipeline company’s stock after acquiring an additional 37,100 shares during the quarter. Hennessy Advisors Inc.’s holdings in Enbridge were worth $22,858,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Retirement Planning Group LLC grew its stake in Enbridge by 3.6% in the first quarter. Retirement Planning Group LLC now owns 5,357 shares of the pipeline company’s stock worth $290,000 after purchasing an additional 187 shares during the period. Bank & Trust Co lifted its position in Enbridge by 0.6% during the second quarter. Bank & Trust Co now owns 33,276 shares of the pipeline company’s stock valued at $1,804,000 after buying an additional 193 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in shares of Enbridge by 0.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 31,543 shares of the pipeline company’s stock valued at $1,710,000 after buying an additional 194 shares in the last quarter. PFG Investments LLC grew its position in shares of Enbridge by 0.9% in the 1st quarter. PFG Investments LLC now owns 22,208 shares of the pipeline company’s stock worth $1,202,000 after buying an additional 202 shares during the period. Finally, Clearwave Capital LLC grew its position in shares of Enbridge by 0.9% in the 2nd quarter. Clearwave Capital LLC now owns 22,033 shares of the pipeline company’s stock worth $1,194,000 after buying an additional 204 shares during the period. 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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Enbridge in a research note on Wednesday, September 30th. They issued a “neutral” rating and a $50.00 price target on the stock. TD Securities reaffirmed a “buy” rating on shares of Enbridge in a report on Friday, October 16th. US Capital Advisors upgraded shares of Enbridge from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. Wall Street Zen raised shares of Enbridge from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Scotiabank upgraded shares of Enbridge to a “strong-buy” rating in a report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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 stock has a market cap of $110.17 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 5.94 and a beta of 0.59. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.66 and a current ratio of 0.72. Enbridge Inc has a one year low of $45.03 and a one year high of $58.45. The stock has a fifty day moving average of $48.28 and a 200 day moving average of $52.15.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, July 31st. The pipeline company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The business had revenue of $9.70 billion for 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 previous year, the company earned $0.65 EPS. As a group, sell-side analysts predict that Enbridge Inc will post 2.08 EPS for the current year.

About Enbridge

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.