Stock Traders Buy Large Volume of Put Options on Enbridge (NYSE:ENB)

Enbridge Inc (NYSE:ENB) (TSE:ENB) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 20,216 put options on the stock. This represents an increase of approximately 1,036% compared to the average volume of 1,779 put options.

Key Headlines Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Federal energy regulator recommends approval of an Enbridge pipeline expansion, which improves the outlook for future cash flow and capacity growth and reduces regulatory uncertainty around that project. Federal energy regulator recommends approval of Enbridge pipeline expansion
• Positive Sentiment: The U.S. Justice Department filed to weigh in on Line 5 litigation — a federal-level filing that could bolster Enbridge’s legal arguments (for example, federal preemption/interest) and increase the probability of a favorable outcome for continued operations or quicker resolution. U.S. Justice Department weighs in on Enbridge Line 5 litigation
• Positive Sentiment: Investor commentary is emphasizing Enbridge’s attractive yield and reiterated guidance (Adjusted EBITDA and DCF/share targets), reinforcing the income thesis and steady cash-flow expectations that support the dividend. This bull case is being highlighted in recent analyst/commentary pieces. Enbridge: The 6% Dividend Yield Is Still Very Attractive
• Positive Sentiment: Market-note coverage observed ENB rising while the broader market declined, signaling relative strength and short-term buying interest. That intra-day strength is consistent with the regulatory and dividend-positive headlines. Enbridge (ENB) Advances While Market Declines
• Neutral Sentiment: Analyst model update: US Capital Advisors trimmed FY2026 EPS slightly (from $2.15 to $2.14) — effectively a rounding change that leaves consensus intact and is unlikely to materially change the dividend/cash-flow story. MarketBeat ENB coverage (analyst note)
• Negative Sentiment: Legal risk remains: a Traverse City nonprofit filed a reply brief in the Michigan Supreme Court regarding the Line 5 tunnel permit, keeping state-level challenges and timing risk alive — this could delay approvals or create operational/legal costs if unfavorable rulings persist. Traverse City Nonprofit Files Reply Brief in Line 5 tunnel permit case

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on Enbridge from $67.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, November 10th. CIBC cut Enbridge from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 9th. Scotiabank upgraded shares of Enbridge from a “sector perform” rating to a “sector outperform” rating in a report on Friday, January 16th. Weiss Ratings lowered shares of Enbridge from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. Finally, Cibc World Mkts cut shares of Enbridge from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $63.00.

Institutional Trading of Enbridge

Several institutional investors have recently added to or reduced their stakes in ENB. Brighton Jones LLC bought a new position in shares of Enbridge during the fourth quarter valued at $261,000. AQR Capital Management LLC raised its position in Enbridge by 68.5% in the 1st quarter. AQR Capital Management LLC now owns 28,533 shares of the pipeline company’s stock worth $1,264,000 after buying an additional 11,599 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Enbridge by 22.5% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,189 shares of the pipeline company’s stock valued at $416,000 after acquiring an additional 1,689 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in shares of Enbridge by 11.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 14,082 shares of the pipeline company’s stock valued at $638,000 after acquiring an additional 1,463 shares during the last quarter. Finally, Belpointe Asset Management LLC boosted its holdings in shares of Enbridge by 5.6% during the 2nd quarter. Belpointe Asset Management LLC now owns 8,994 shares of the pipeline company’s stock valued at $408,000 after acquiring an additional 478 shares during the last quarter. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Price Performance

ENB opened at $50.15 on Thursday. The firm has a market cap of $109.41 billion, a PE ratio of 27.55 and a beta of 0.69. The stock has a 50-day moving average price of $47.52 and a 200-day moving average price of $47.66. Enbridge has a 1 year low of $39.73 and a 1 year high of $50.54. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.80 and a quick ratio of 0.68.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, November 7th. The pipeline company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06). The firm had revenue of $7 billion for the quarter, compared to analysts’ expectations of $8.45 billion. Enbridge had a net margin of 9.20% and a return on equity of 10.51%. During the same period last year, the company posted $0.55 earnings per share. Sell-side analysts predict that Enbridge will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Tuesday, February 17th will be given a dividend of $0.97 per share. 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. The ex-dividend date of this dividend is Tuesday, February 17th. Enbridge’s payout ratio is 147.80%.

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.