The Globe and Mail reports in its Tuesday, Sept. 12, edition that BMO Capital Markets analyst Ben Pham has resumed coverage of Enbridge following its $19-billion acquisition of three natural gas distribution utilities from Dominion Energy. The Globe's David Leeder writes that Mr. Pham rates the shares "market perform." He cut his share target back by $2 to $52. Analysts on average target the shares at $56.16. Mr. Pham says in a note, "The $14-billion (U.S.) acquisition of three high-growth U.S. gas utilities from Dominion Energy comes with several positive strategic benefits (notably the big pivot to perpetual utility assets), but the accretion is not expected to be meaningful (at least initially), and funding and regulatory uncertainty could persist through most of 2024 (as in past U.S. utility acquisitions we have observed)." The Globe reported on Feb. 9 that Credit Suisse analyst Andrew Kuske had cut Enbridge to "underperform." It was then worth $52.90. The Globe reported on March 30 that Mr. Kuske upgraded his recommendation for Enbridge to "neutral" from "underperform." The shares could then be had for $51.52. The Globe reported on Aug. 9 that RBC rated Enbridge "outperform." It was then worth $48.29.