Short Interest in Enbridge Inc. (NYSE:ENB) Expands By 49.8%

Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 30,700,000 shares, a growth of 49.8% from the March 15th total of 20,490,000 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average trading volume of 4,170,000 shares, the days-to-cover ratio is presently 7.4 days.

Enbridge Stock Performance

• 3 Top-Performing Non-Leveraged ETFs From 2024 and Into 2025

Shares of NYSE ENB opened at $45.32 on Friday. The stock has a market cap of $98.76 billion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 3.92 and a beta of 0.80. The stock's 50-day moving average is $43.15 and its 200 day moving average is $42.75. Enbridge has a 1-year low of $33.35 and a 1-year high of $46.12. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The firm had revenue of $11.59 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same period in the previous year, the firm earned $0.64 earnings per share. On average, sell-side analysts anticipate that Enbridge will post 2.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

• 3 Best Dividend Stocks to Buy as Interest Rates Fall

Several equities research analysts have commented on ENB shares. TD Securities assumed coverage on shares of Enbridge in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. Royal Bank of Canada upped their price objective on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. CIBC restated an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Finally, Citigroup began coverage on shares of Enbridge in a report on Friday, April 4th. They set a "buy" rating for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $67.00.

Check Out Our Latest Analysis on ENB

Hedge Funds Weigh In On Enbridge

• Refiners, transporters surge: Niche energy markets defy oil slump

Several institutional investors have recently made changes to their positions in ENB. Inscription Capital LLC bought a new position in shares of Enbridge during the first quarter worth $685,000. QRG Capital Management Inc. lifted its stake in shares of Enbridge by 21.1% during the 1st quarter. QRG Capital Management Inc. now owns 9,118 shares of the pipeline company's stock worth $404,000 after purchasing an additional 1,590 shares during the last quarter. Sagespring Wealth Partners LLC lifted its holdings in shares of Enbridge by 14.9% during the 1st quarter. Sagespring Wealth Partners LLC now owns 19,203 shares of the pipeline company's stock valued at $851,000 after purchasing an additional 2,490 shares during the last quarter. Sowell Financial Services LLC boosted its stake in Enbridge by 9.1% in the 1st quarter. Sowell Financial Services LLC now owns 13,188 shares of the pipeline company's stock worth $584,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Enbridge by 12.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,013,110 shares of the pipeline company's stock valued at $44,891,000 after purchasing an additional 113,744 shares during the last quarter. Institutional investors own 54.60% of the company's stock.

About Enbridge

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.

Read More

• Five stocks we like better than Enbridge
• Do ETFs Pay Dividends? What You Need to Know
• Tariff Exemptions Set the Stage for a Taiwan Semiconductor Rally
• How the NYSE and NASDAQ are Different, Why That Matters to Investors
• Mitigating Tariffs: 3 Stocks to Gain From a Weaker U.S. Dollar
• What is a Stock Market Index and How Do You Use Them?
• Broadcom’s Apple Relationship: AI Opportunity Meets Tariff Risk

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Enbridge Right Now?

Before you consider Enbridge, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enbridge wasn't on the list.

While Enbridge currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here