Thrivent Financial for Lutherans Buys 11,460 Shares of Enbridge Inc $ENB

Thrivent Financial for Lutherans raised its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 21.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,167 shares of the pipeline company’s stock after purchasing an additional 11,460 shares during the period. Thrivent Financial for Lutherans’ holdings in Enbridge were worth $3,238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Enbridge by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 96,404,986 shares of the pipeline company’s stock worth $4,371,580,000 after acquiring an additional 3,217,961 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Enbridge by 1.6% in the second quarter. TD Asset Management Inc now owns 39,883,394 shares of the pipeline company’s stock worth $1,804,913,000 after purchasing an additional 617,577 shares during the period. Norges Bank acquired a new position in shares of Enbridge during the 2nd quarter worth about $1,113,368,000. Legal & General Group Plc boosted its stake in Enbridge by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 18,861,475 shares of the pipeline company’s stock valued at $853,669,000 after purchasing an additional 207,243 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Enbridge by 20.2% in the 2nd quarter. Geode Capital Management LLC now owns 17,785,430 shares of the pipeline company’s stock valued at $818,620,000 after buying an additional 2,989,992 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge News Roundup

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Federal regulator recommended approval for an Enbridge pipeline expansion, supporting future volume and cash flow growth if finalized. Federal energy regulator recommends approval of Enbridge pipeline expansion
• Positive Sentiment: Analyst updates: US Capital Advisors nudged Q4 FY2026 EPS higher (from $0.57 to $0.59), a modest signal that some coverage sees upside to near-term earnings. Free Report (MarketBeat)
• Positive Sentiment: Dividend story: coverage highlights Enbridge’s high yield (~5.9%) and resilient business mix, which can attract income-focused investors. AI? Venezuela? This 5.9% Divvie Is in the Thick of It All (and Thriving)
• Positive Sentiment: Recent session strength: ENB outperformed a weaker market in the prior session, showing short-term relative strength. Enbridge Advances While Market Declines
• Neutral Sentiment: Earnings calendar: ENB is scheduled to report soon; investors are positioning ahead of the print. Timing of the release and guidance will matter more than the event itself. Enbridge (ENB) to Release Earnings on Friday
• Neutral Sentiment: Consensus view: Wall Street forecasts earnings growth into the upcoming report, but expectations are mixed—keep an eye on consensus vs. reported results. Enbridge Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Market write-ups: recent coverage weighs Enbridge’s attractiveness versus peers (TC Energy) and after multi-year gains—useful for long-term allocation decisions but mixed for near-term price action. Best Stock to Buy Right Now: Enbridge or TC Energy? Is Enbridge (TSX:ENB) Still Attractive After Strong Multi Year Share Price Gains
• Negative Sentiment: Legal risk: the U.S. Justice Department has weighed in on Line 5 litigation — any adverse legal developments or rulings could materially affect operations and sentiment. U.S. Justice Department weighs in on Enbridge Line 5 litigation
• Negative Sentiment: Options flow: unusually large put purchases (over 20k contracts) signal some traders are hedging or speculating on a downside move — a short-term bearish indicator. Stock Traders Buy Large Volume of Put Options on Enbridge (NYSE:ENB)
• Negative Sentiment: Earnings beat odds: at least one preview notes ENB lacks the characteristics that often produce an earnings beat, raising the risk of a negative market reaction if results or guidance disappoint. Enbridge Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Small analyst cuts: US Capital Advisors trimmed a near-term quarterly estimate (Q2) slightly, reflecting some uncertainty around short-term volumes or earnings drivers. Free Report (MarketBeat)

Enbridge Trading Down 0.3%

Shares of ENB stock opened at $50.33 on Monday. The firm has a fifty day moving average of $47.60 and a 200-day moving average of $47.76. The stock has a market cap of $109.81 billion, a price-to-earnings ratio of 27.65 and a beta of 0.69. Enbridge Inc has a 52-week low of $39.73 and a 52-week high of $50.95. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.68 and a current ratio of 0.80.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Friday, November 7th. The pipeline company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.06). Enbridge had a net margin of 9.20% and a return on equity of 10.51%. The business had revenue of $7 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same quarter last year, the firm posted $0.55 earnings per share. On average, equities research analysts forecast that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Tuesday, February 17th will be paid a $0.97 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $3.88 annualized dividend and a dividend yield of 7.7%. This is an increase from Enbridge’s previous quarterly dividend of $0.94. Enbridge’s dividend payout ratio is currently 147.80%.

Analyst Ratings Changes

ENB has been the subject of a number of research analyst reports. Zacks Research upgraded Enbridge from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. BMO Capital Markets reissued a “market perform” rating on shares of Enbridge in a report on Monday, November 10th. JPMorgan Chase & Co. lowered shares of Enbridge from an “overweight” rating to a “neutral” rating in a research report on Tuesday, January 27th. Scotiabank raised shares of Enbridge from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, January 16th. Finally, Weiss Ratings downgraded Enbridge from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $63.00.

Enbridge Company 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.