---
title: "Weekly Recap | Enbridge -4.65%, Tallgrass deal announced"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298801337.md"
description: "Enbridge dropped 4.65% to $47.76 this week, against a 0.8% decline in the S&P 500, underperforming by about 3.85 percentage points. Across the four trading days, the stock traded around $50 on Tuesday and Wednesday before gapping lower on Thursday with a 3.8% single-day decline, then eased further to around $47.64 on Friday. Weekly amplitude was 6.26%, while volume ran about 114% above the median, with selling pressure concentrated in the second half."
datetime: "2026-09-12T08:08:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298801337.md)
  - [en](https://longbridge.com/en/news/298801337.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298801337.md)
generator: "portal-rs"
---

# Weekly Recap | Enbridge -4.65%, Tallgrass deal announced

## The Week

Enbridge dropped 4.65% to $47.76 this week, against a 0.8% decline in the S&P 500, underperforming by about 3.85 percentage points. Across the four trading days, the stock traded around $50 on Tuesday and Wednesday before gapping lower on Thursday with a 3.8% single-day decline, then eased further to around $47.64 on Friday. Weekly amplitude was 6.26%, while volume ran about 114% above the median, with selling pressure concentrated in the second half.

## Key Events

This week’s story centred on a leadership transition and two acquisitions. On Tuesday, the company said President and CEO Ebel would retire, to be succeeded by Michele Harradence from 1 January 2027. Thursday saw a cluster of news: Bloomberg reported Enbridge was near a roughly $2 billion deal for Blackstone’s Pony Express crude pipeline; the company then announced a $2.55 billion acquisition of Tallgrass to expand the Rockies-to-Cushing crude network; and on the same day it priced a C$2.6 billion bought-deal share offering to fund the deal. On Friday, Enbridge confirmed the $2.6 billion investment in Tallgrass.

## Analyst Ratings

Among 21 institutions covering Enbridge, 10 rate it buy, 4 overweight, 10 hold and 1 sell. The consensus rating is buy, with a consensus target of $52.77, about 10.5% above spot. Targets range from $46.20 to $60.82, showing a wide spread. Enbridge ranks 5th out of 43 names in the oil and gas storage and transportation industry.

## The Week Ahead

Tuesday brings the New York Fed manufacturing index, with a prior reading of 20.6 and a forecast of 14.75. Wednesday is data-heavy: retail sales are seen at 0.9% after -0.6%, retail sales ex-autos at 0.6% after -0.3%, plus import prices, the NAHB housing market index, and EIA weekly crude and Cushing inventories. These macro and inventory prints will shape the directional cue for energy names.

## In Short

Enbridge fell this week amid management change and acquisition expansion. Broker ratings remain buy-biased, but nearly half of the 21 institutions sit at hold, and target dispersion is wide, from $46.20 to $60.82. On the latest trading day, large-lot flow leaned net selling, echoing the 114% above-median volume sell-off in the second half. Valuation stands near 25.6x P/E and 2.53x P/B, with a 5.83% dividend yield. The open angles are how acquisition integration and funding dilution feed into valuation, and whether next week’s retail data pulls energy demand along.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

### Related Stocks

- [ENB.US](https://longbridge.com/en/quote/ENB.US.md)

## Related News & Research

- [Enbridge (TSX:ENB) Could Be 17% Undervalued As Tallgrass Deal Tests Sentiment](https://longbridge.com/en/news/298919488.md)
- [Enbridge closes CDN$ 3 billion common share offering, issues 44,735,000 shares](https://longbridge.com/en/news/298917812.md)
- [This pipeline stock has raised its dividend for 31 straight years. Almost nobody talks about it.](https://longbridge.com/en/news/298636539.md)
- [Enbridge prices bought-deal share offering at CDN$ 2.6 billion](https://longbridge.com/en/news/298500146.md)
- [Enbridge Inc. (TSE:ENB) Receives Average Recommendation of "Moderate Buy" from Analysts](https://longbridge.com/en/news/298874867.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**