Enbridge Inc. (TSE:ENB) Receives C$76.00 Average Target Price from Brokerages

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$76.00.

A number of brokerages recently commented on ENB. Barclays increased their price target on shares of Enbridge from C$68.00 to C$73.00 in a report on Tuesday, April 7th. Raymond James Financial boosted their price objective on Enbridge from C$78.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Royal Bank Of Canada upped their price objective on Enbridge from C$76.00 to C$79.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Scotiabank raised their price objective on Enbridge from C$78.00 to C$84.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 21st. Finally, National Bank Financial lifted their target price on Enbridge from C$73.00 to C$81.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st.

Enbridge Price Performance

ENB stock opened at C$77.68 on Friday. Enbridge has a 52 week low of C$61.99 and a 52 week high of C$80.65. The company has a quick ratio of 0.44, a current ratio of 0.81 and a debt-to-equity ratio of 168.58. The company has a fifty day simple moving average of C$78.12 and a two-hundred day simple moving average of C$74.13. The firm has a market capitalization of C$169.63 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 1.72 and a beta of 0.73.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings data on Friday, May 8th. The company reported C$0.98 EPS for the quarter. Enbridge had a net margin of 9.43% and a return on equity of 11.11%. The business had revenue of C$22.36 billion during the quarter. Analysts anticipate that Enbridge will post 3.511912 earnings per share for the current fiscal year.

Enbridge Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, June 1st were given a $0.97 dividend. The ex-dividend date was Friday, May 15th. This represents a $3.88 dividend on an annualized basis and a yield of 5.0%. Enbridge’s dividend payout ratio (DPR) is currently 128.73%.

Insider Buying and Selling at Enbridge

In other Enbridge news, Director Mayank Mulraj Ashar sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of C$78.08, for a total transaction of C$390,400.00. Following the transaction, the director owned 45,000 shares in the company, valued at C$3,513,600. The trade was a 10.00% decrease in their ownership of the stock. Also, insider Melissa Marie Laforge sold 855 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$80.16, for a total transaction of C$68,536.80. Following the completion of the sale, the insider directly owned 7,904 shares in the company, valued at approximately C$633,584.64. This represents a 9.76% decrease in their position. Insiders have sold 8,855 shares of company stock valued at $695,547 over the last ninety days. 0.10% of the stock is owned by insiders.

Key Stories Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Analysts raised multiple earnings forecasts. US Capital Advisors increased its estimates for Enbridge’s third quarter and fourth quarter of 2026, all four quarters of 2027, and fiscal 2028. The firm now expects EPS of $3.15 in 2027 and $3.38 in 2028, compared with previous estimates of $3.11 and $3.33, respectively. The revisions suggest somewhat stronger expectations for the company’s future operating performance. MarketBeat Enbridge analyst estimates
• Positive Sentiment: Enbridge’s dividend profile remains an important investment attraction. The company has increased its dividend for 31 consecutive years. Its contracted relationships, including business with Meta Platforms, and more than 50 potential natural-gas growth opportunities could support cash-flow generation and additional dividend increases. This reinforces Enbridge’s appeal to income-focused investors, although the stock is more oriented toward dependable income than significant capital appreciation. Enbridge dividend growth article
• Positive Sentiment: The dividend supports a steady-income investment case. Investors seeking approximately $1,000 in annual passive income can use Enbridge’s sizable dividend yield to estimate the required share investment. The focus on reliable and growing payouts may provide support for ENB among income-oriented shareholders. Enbridge passive income article
• Neutral Sentiment: Investors are awaiting Enbridge’s second-quarter 2026 earnings report. The earnings preview places attention on the upcoming results and management commentary, particularly whether operating performance and guidance justify the recent upward analyst revisions. No actual quarterly results were included in the preview. Enbridge Q2 2026 earnings preview

About Enbridge

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.