ENBRIDGE INC.
In the published model solve dated 2026-Q2, anchored at $50.09, ENBRIDGE INC. (ENB) is priced for +3.7% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 26, 2026 from SEC EDGAR filings.
• This is a toll road for hydrocarbons, with liquids pipelines at roughly 68% of revenue, and the mainline averaged 3.2 million barrels a day in the first quarter of 2026 while running apportioned for the whole year, meaning more oil wanted space than the system could carry [Source: Q1 2026 results release, May 8, 2026]. • What holds the equity story together is the secured project book, which reached 40 billion Canadian dollars by the first quarter, because for a regulated toll operator today's
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1,450 institutional managers reported holding ENB in 13F filings for the quarter ended 2026-03-31. Together they hold about 47% of the company; the top 10 hold 23%. 134 opened new positions that quarter. Held by Vanguard Group, GQG Partners, Geode Capital, among others. On the short side, 19.1M shares were sold short as of the 2026-06-15 count, about 0.9% of shares outstanding (5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ENB's share count grew 7.8% over the past five years even with $202.94M spent on repurchases. It pays a dividend, and has paid one every year in our records (13 and counting), raised 7 years straight; the current rate is $2.77 a share annually. Cash returned over the past three years: $16.10B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at ENB over the trailing three years. Absence is a fact about the company, not a signal.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ENB's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | -0.1% | -11.5% |
| 2023-11-04 | +0.9% | +8.5% |
| 2024-02-10 | -0.3% | -0.1% |
| 2024-05-11 | +1.2% | -4.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ENB's latest 8-K filings: 2026-09-08 (items 5.02, 7.01, 9.01); 2026-07-31 (items 2.02, 9.01); 2026-05-08 (items 2.02, 9.01); 2026-05-07 (items 1.01, 3.03, 5.07, 9.01); 2026-03-27 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.