--- title: "Weekly Recap | Enbridge -0.88%, most brokers rate it buy" type: "News" locale: "en" url: "https://longbridge.com/en/news/296674473.md" description: "Enbridge (ENB) edged 0.88% lower this week, closing at $50.46. The S&P 500 fell 1.43%, meaning the stock outperformed the broader market by roughly 0.55 percentage points. The week traced a rally-and-fade pattern: the stock opened at $50.80 on Monday and slipped to $50.58; Tuesday and early Wednesday saw buyers push the price up to $51.66, the week’s second-highest level, but selling pressure resurfaced midweek as Wednesday closed down 2.2% at $50." datetime: "2026-08-22T06:58:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296674473.md) - [en](https://longbridge.com/en/news/296674473.md) - [zh-HK](https://longbridge.com/zh-HK/news/296674473.md) generator: "portal-rs" --- # Weekly Recap | Enbridge -0.88%, most brokers rate it buy ## The Week Enbridge (ENB) edged 0.88% lower this week, closing at $50.46. The S&P 500 fell 1.43%, meaning the stock outperformed the broader market by roughly 0.55 percentage points. The week traced a rally-and-fade pattern: the stock opened at $50.80 on Monday and slipped to $50.58; Tuesday and early Wednesday saw buyers push the price up to $51.66, the week’s second-highest level, but selling pressure resurfaced midweek as Wednesday closed down 2.2% at $50.25 — the lowest in nearly 60 trading days. Thursday brought a rebound to $50.99, yet Friday settled back at $50.46, just below the Monday open. The weekly range was 3.81%, with average daily volume of about 4.3m shares, roughly 15% above the median, pointing to a moderately active week. ## Key Events Most of the week’s headlines centred on institutional positioning and rating updates. Empowered Funds LLC disclosed an increased stake in Enbridge on Monday, a routine filing within the quarter-end window. The same day, UBS reiterated its buy rating on the stock, backing the firm’s cash-flow stability. On Tuesday, industry coverage flagged proposed Canadian crude oil pipeline projects, underscoring Enbridge’s role as a core operator tied to North America’s structural energy infrastructure demand. Thursday’s spotlight turned to the Toronto-listed shares, where the consensus analyst recommendation stood at ‘hold’, reflecting a split between the stock’s yield appeal and modest growth expectations. On Friday, US Capital Advisors lifted its earnings forecast for Enbridge and upgraded the stock from hold to buy, citing the potential for improved earnings ahead. Separately, a commentary piece highlighted Enbridge as a high-yield dividend play capable of generating substantial annual cash payouts. ## Analyst Ratings As of this week, 23 analysts cover Enbridge: 5 rate it buy, 4 rate it overweight, 13 rate it hold, and 1 rates it sell, with no underweight or no-opinion ratings. The consensus recommendation is buy, and the consensus target price sits at $52.29, implying about 3.6% upside from the week’s close of $50.46. The target range runs from $45.43 to $59.80, a wide spread that suggests differing views on the stock’s valuation drivers. Enbridge ranks 6th out of 43 companies in the oil and gas storage and transportation industry, placing it in the upper tier of its peer group. ## The Week Ahead Attention shifts to US housing data next week. On Tuesday (25 August), the FHFA house price index, the Case-Shiller 20-city composite, and new home sales are all due. These readings will offer a fresh pulse check on the US economy’s resilience under the current rate backdrop and could sway appetite for utilities and energy infrastructure names. For Enbridge, a high-yield, asset-heavy stock, shifts in macro sentiment and rate expectations remain the key external drivers of near-term price swings. ## In Short Enbridge posted a modest weekly decline but still beat the broader market. The rating picture is supportive: the majority of analysts rate the stock buy or overweight, and the consensus target sits above spot. That said, the wide target range suggests the market has yet to settle on a unified valuation case. On the flow side, the latest session saw large-lot money turn net buyer while small and medium orders were net sellers, leaving the tug-of-war intact. Valuation adds another layer of tension: a ~27x P/E multiple and a dividend yield above 5.5% appeal to income-oriented capital, but the multiple requires earnings delivery to justify. The key going forward is whether macro sentiment stabilises and the company continues to deliver steady cash flows and a reliable dividend in the coming quarter. *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 - [I own Enbridge for the yield, not the growth story. Here's why this quarter didn't change my mind.](https://longbridge.com/en/news/296246579.md) - [Empowered Funds LLC Boosts Stock Holdings in Enbridge Inc $ENB](https://longbridge.com/en/news/296070517.md) - [Enbridge (TSE:ENB) Stock Rating Upgraded by US Capital Advisors](https://longbridge.com/en/news/296615818.md) - [US Capital Advisors Predicts Increased Earnings for Enbridge](https://longbridge.com/en/news/296613073.md) - [Enbridge Inc. (TSE:ENB) Receives Average Recommendation of "Hold" from Analysts](https://longbridge.com/en/news/296444340.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**