Enbridge Inc $ENB Shares Purchased by Northwestern Mutual Wealth Management Co.

by · The Markets Daily

Northwestern Mutual Wealth Management Co. raised its position in Enbridge Inc (NYSE:ENB – Free Report) (TSE:ENB) by 6.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,911 shares of the pipeline company’s stock after purchasing an additional 11,392 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Enbridge were worth $10,187,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ENB. Retirement Planning Group LLC raised its stake in shares of Enbridge by 3.6% in the first quarter. Retirement Planning Group LLC now owns 5,357 shares of the pipeline company’s stock valued at $290,000 after acquiring an additional 187 shares in the last quarter. Bank & Trust Co boosted its holdings in Enbridge by 0.6% in the second quarter. Bank & Trust Co now owns 33,276 shares of the pipeline company’s stock valued at $1,804,000 after purchasing an additional 193 shares during the period. Cornerstone Wealth Management LLC grew its stake in Enbridge by 0.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 31,543 shares of the pipeline company’s stock worth $1,710,000 after purchasing an additional 194 shares in the last quarter. PFG Investments LLC grew its stake in Enbridge by 0.9% during the 1st quarter. PFG Investments LLC now owns 22,208 shares of the pipeline company’s stock worth $1,202,000 after purchasing an additional 202 shares in the last quarter. Finally, MIdWestOne Financial Group Inc. increased its holdings in Enbridge by 4.3% during the 4th quarter. MIdWestOne Financial Group Inc. now owns 4,906 shares of the pipeline company’s stock worth $235,000 after purchasing an additional 203 shares during the period. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Stock Up 0.0%

Shares of NYSE ENB opened at $50.48 on Monday. The company has a market capitalization of $110.25 billion, a price-to-earnings ratio of 26.99 and a beta of 0.58. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.72 and a quick ratio of 0.66. The business has a 50-day moving average of $54.14 and a two-hundred day moving average of $54.03. Enbridge Inc has a 1 year low of $45.03 and a 1 year high of $58.45.

Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last released its quarterly earnings data on Friday, July 31st. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $8.67 billion. During the same period in the prior year, the firm posted $0.65 EPS. On average, analysts forecast that Enbridge Inc will post 2.11 earnings per share for the current fiscal year.

Enbridge Dividend Announcement

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

Key Headlines 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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. US Capital Advisors upgraded Enbridge from a “hold” rating to a “moderate buy” rating in a research note on Thursday. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Enbridge in a research note on Monday, May 11th. Wolfe Research set a $50.00 target price on shares of Enbridge in a report on Tuesday, August 4th. TD Securities reiterated a “hold” rating on shares of Enbridge in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada boosted their price target on shares of Enbridge from $79.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $67.00.

Read Our Latest Stock Report on Enbridge

About Enbridge

(Free Report)

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.

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