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BABA   69.21 (-0.57%)
T   16.14 (+0.31%)
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Enbridge (ENB) Stock Price, News & Analysis

$33.18
+0.21 (+0.64%)
(As of 02:05 PM ET)
Today's Range
$32.86
$33.33
50-Day Range
$32.97
$36.18
52-Week Range
$31.03
$40.30
Volume
2.53 million shs
Average Volume
5.35 million shs
Market Capitalization
$70.54 billion
P/E Ratio
15.80
Dividend Yield
8.17%
Price Target
$55.20

Enbridge MarketRank™ Stock Analysis

Analyst Rating
Hold
2.09 Rating Score
Upside/​Downside
67.4% Upside
$55.20 Price Target
Short Interest
Healthy
1.16% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.37mentions of Enbridge in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.69%
From $2.13 to $2.23 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.75 out of 5 stars

Oils/Energy Sector

138th out of 237 stocks

Pipelines, Except Natural Gas Industry

5th out of 11 stocks

ENB stock logo

About Enbridge Stock (NYSE:ENB)

Enbridge Inc. is a Canadian multinational energy transportation and distribution company. Founded in 1949, the company has its headquarters in Calgary, Alberta, Canada. Enbridge is a North American leader in the transportation and distribution of energy and operates the world's most extended crude oil and liquids transportation system.

Enbridge's mission is to provide the energy that people need and want in a reliable, safe, and environmentally responsible manner. The company's services include transporting and distributing crude oil, natural gas, and renewable energy and storing and processing natural gas.

Enbridge has a diversified portfolio of assets, including pipelines, storage facilities, renewable energy assets, and natural gas distribution networks. The company serves many customers, including oil and gas producers, shippers, and consumers in Canada, the United States, and internationally.

Enbridge has achieved several key milestones recently, including completing the $9 billion Line 3 Replacement Project, which increased the pipeline's capacity and improved safety and reliability. The company has also invested heavily in renewable energy, including wind and solar power projects.

Enbridge's management team is led by Gregory Ebel, who assumed the role of Chief Executive Officer and President on January 1, 2023. Mr. Ebel brings more than 20 years of experience in the industry, having held several key positions with other energy-related organizations. The company's other key executives include Colin Gruending, Executive Vice President and Chief Financial Officer and Vern Yu, Executive Vice President and President of Liquids Pipelines. The management team brings a wealth of experience and expertise to Enbridge and is focused on delivering long-term value to shareholders.

Enbridge has delivered industry-leading financial results in recent years. The company's net income has increased, and Enbridge has a profit margin of around 10%. Enbridge also has a healthy balance sheet, with assets significant enough to cover all liabilities and a good record of cash flow in the recent past. 

Enbridge has a price-to-earnings (P/E) ratio below the industry average and a price-to-book (P/B) ratio below industry averages. This suggests that Enbridge is currently undervalued relative to its peers.

The factors driving Enbridge's valuation include the company's strong financial performance, diversified portfolio of assets, and long-term growth prospects. Enbridge's focus on renewable energy and commitment to environmental sustainability also contribute to its positive reputation among investors.

Enbridge's stock price has performed well in recent years, but as with all energy-related stocks, the price is very volatile, tending to stay in the $35 - $45 per share. The recent decline in Enbridge's stock price is likely due to concerns about regulatory and political risks and changing energy demands.

One significant factor contributing to Enbridge's strong performance is the recent increase in oil and gas prices. Enbridge's business relies heavily on the oil and gas industry, and the company's fortunes are closely tied to the performance of this sector. As oil and gas prices rebounded from their lows in 2020, Enbridge's financial results have improved, leading to increased investor confidence and a rising share price. 

Another factor that has contributed to Enbridge's financial performance is the company's commitment to shareholder value. Enbridge has a solid history of paying dividends to its shareholders and has increased its dividend payout for 26 consecutive years. This has helped attract income-seeking investors looking for stable, long-term returns.

The energy infrastructure sector is facing several challenges in today's environment. One of the primary concerns is the ongoing shift toward renewable energy sources and away from fossil fuels. This trend will likely impact the demand for traditional energy infrastructure, including pipelines and storage facilities.

Another issue facing the industry is the sector's increasing regulatory and political scrutiny. Governments worldwide are becoming more focused on reducing carbon emissions and transitioning to cleaner energy sources, which could lead to stricter regulations and higher costs for energy infrastructure companies.

Enbridge has several growth opportunities that could help to drive the company's future performance. One of the most significant opportunities is North America's increasing demand for natural gas. Enbridge is well-positioned to capitalize on this trend, given its extensive network of natural gas pipelines and storage facilities.

Another growth opportunity for Enbridge is its expanding presence in renewable energy. The company has made significant investments in wind and solar power and has announced plans to invest $10 billion in renewable energy projects by 2025. These investments could help offset any declines in traditional energy infrastructure and position Enbridge as a leader in the transition to cleaner energy sources.

Despite Enbridge's strong competitive position and growth opportunities, the company faces several significant risks and challenges. One of the primary concerns is the ongoing regulatory and political scrutiny of the energy infrastructure sector. Governments worldwide are becoming increasingly focused on reducing carbon emissions and transitioning to cleaner energy sources, which could lead to higher costs and stricter regulations for Enbridge.

Another significant risk facing Enbridge is the potential for environmental disasters, such as oil spills or pipeline leaks. These types of events can be highly damaging to the company's reputation and could result in significant legal and financial consequences.

Enbridge faces significant competition from other energy infrastructure companies. The sector is highly consolidated, with a few key players dominating the market. This competition could limit Enbridge's ability to grow and pressure the company's profitability.

ENB Stock Price History

ENB Stock News Headlines

Panel urged to move lawsuit to state court that seeks shutdown of part of aging pipeline in Michigan
Michigan attorneys have pressed a federal appellate panel in Cincinnati to move their lawsuit seeking to shut down a portion of an aging petroleum pipeline beneath the Straits of Mackinac from federal to state court
This company has increased its dividend every year for 54 years
There are three basic steps to building the Ultimate Dividend Portfolio. Step #1 is to Get The High Yields! So an index fund like the SPY, paying only 1.5% a year, isn’t going to cut it. But a company like Altria Group (MO) will.
7 Stable Stocks for 50% Returns by Early 2025
This company has increased its dividend every year for 54 years
There are three basic steps to building the Ultimate Dividend Portfolio. Step #1 is to Get The High Yields! So an index fund like the SPY, paying only 1.5% a year, isn’t going to cut it. But a company like Altria Group (MO) will.
Enbridge: North America's Biggest Midstream Star
2 Top Energy Stocks to Buy in April
See More Headlines
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Company Calendar

Last Earnings
2/09/2024
Ex-Dividend for 3/1 Dividend
2/14/2024
Dividend Payable
3/01/2024
Today
4/17/2024
Next Earnings (Confirmed)
5/10/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Employees
11,500
Year Founded
1949

Price Target and Rating

Average Stock Price Target
$55.20
High Stock Price Target
$64.00
Low Stock Price Target
$48.00
Potential Upside/Downside
+67.4%
Consensus Rating
Hold
Rating Score (0-4)
2.09
Research Coverage
11 Analysts

Profitability

Net Income
$4.59 billion
Pretax Margin
18.05%

Debt

Sales & Book Value

Annual Sales
$32.33 billion
Cash Flow
$3.53 per share
Book Value
$20.10 per share

Miscellaneous

Outstanding Shares
2,125,950,000
Free Float
2,117,025,000
Market Cap
$70.09 billion
Optionable
Optionable
Beta
0.84

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Key Executives

  • Mr. Gregory Lorne Ebel (Age 60)
    President, CEO & Director
    Comp: $4.73M
  • Mr. Patrick Robert Murray (Age 48)
    Executive VP & CFO
    Comp: $1.08M
  • Mr. Colin Kenneth Gruending (Age 54)
    Executive VP & President of Liquids Pipelines
    Comp: $1.76M
  • Ms. Cynthia Lynn Hansen (Age 59)
    Executive VP and President of Gas Transmission & Midstream
    Comp: $1.7M
  • Mr. Matthew A. Akman (Age 56)
    Executive VP of Corporate Strategy & President of Power
    Comp: $936.08k
  • Mr. David Wayne BrysonMr. David Wayne Bryson (Age 57)
    Senior Vice President of Operations, Engineering & Liquids Pipelines
  • Ms. Melissa M. LaForge (Age 38)
    Senior VP & Chief Accounting Officer
  • Mr. Bhushan N. Ivaturi
    Senior VP & Chief Information Officer
  • Ms. Laura J. Buss Sayavedra (Age 57)
    Senior VP of Safety, Projects & Chief Administrative Officer
  • Ms. Rebecca Morley CFA (Age 44)
    Director of Investor Relations

Should I Buy Enbridge Stock? ENB Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Enbridge Inc.:

  • Enbridge's recent joint venture to connect Permian Basin natural gas supply to growing LNG and USGC demand indicates strategic expansion into lucrative markets.
  • Acquiring a meaningful equity interest in the joint venture can lead to immediate, recurring, and growing cash flow with minimal commodity exposure, enhancing Enbridge's financial performance.
  • Optimizing the balance sheet by increasing EBITDA and reducing Enbridge's share of future Rio Bravo pipeline project capex can improve financial stability and profitability.
  • Embedded organic expansion opportunities provide attractive growth options, diversifying Enbridge's revenue streams and potentially increasing shareholder value.
  • Approximately 98% of capacity contracted under long-term, take-or-pay contracts with an average length greater than 10 years offers revenue visibility and stability for investors.

Cons

Investors should be bearish about investing in Enbridge Inc. for these reasons:

  • Market volatility and regulatory changes in the energy sector can impact Enbridge's operations and financial performance, potentially affecting investor returns.
  • Dependency on natural gas prices and demand fluctuations may expose Enbridge to commodity price risks, affecting profitability and shareholder value.
  • Environmental concerns and increasing focus on renewable energy sources could pose challenges to Enbridge's traditional energy infrastructure business model.
  • Geopolitical factors and global economic conditions can influence energy markets, affecting Enbridge's operations and financial results.
  • Investors should carefully consider Enbridge's current stock price and valuation metrics to assess the investment opportunity relative to market conditions and industry peers.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Enbridge pros and cons to contact@marketbeat.com.

ENB Stock Analysis - Frequently Asked Questions

Should I buy or sell Enbridge stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last year. There are currently 2 sell ratings, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ENB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ENB, but not buy additional shares or sell existing shares.
View ENB analyst ratings
or view top-rated stocks.

What is Enbridge's stock price target for 2024?

11 Wall Street analysts have issued 12 month price targets for Enbridge's shares. Their ENB share price targets range from $48.00 to $64.00. On average, they predict the company's stock price to reach $55.20 in the next twelve months. This suggests a possible upside of 67.4% from the stock's current price.
View analysts price targets for ENB
or view top-rated stocks among Wall Street analysts.

How have ENB shares performed in 2024?

Enbridge's stock was trading at $36.02 at the start of the year. Since then, ENB stock has decreased by 8.5% and is now trading at $32.97.
View the best growth stocks for 2024 here
.

Are investors shorting Enbridge?

Enbridge saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 25,210,000 shares, an increase of 8.8% from the February 29th total of 23,170,000 shares. Based on an average daily volume of 5,360,000 shares, the short-interest ratio is currently 4.7 days. Currently, 1.2% of the shares of the company are short sold.
View Enbridge's Short Interest
.

When is Enbridge's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024.
View our ENB earnings forecast
.

How can I listen to Enbridge's earnings call?

Enbridge will be holding an earnings conference call on Friday, May 10th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Enbridge's earnings last quarter?

Enbridge Inc. (NYSE:ENB) issued its quarterly earnings results on Friday, February, 9th. The pipeline company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.03. The pipeline company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $9.62 billion. Enbridge had a net margin of 13.97% and a trailing twelve-month return on equity of 10.23%.

How often does Enbridge pay dividends? What is the dividend yield for Enbridge?

Enbridge declared a quarterly dividend on Wednesday, November 29th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.659 per share on Friday, March 1st. This represents a $2.64 annualized dividend and a yield of 8.00%. The ex-dividend date is Wednesday, February 14th. This is an increase from the stock's previous quarterly dividend of $0.64.
Read our dividend analysis for ENB
.

Is Enbridge a good dividend stock?

Enbridge (NYSE:ENB) pays an annual dividend of $2.71 per share and currently has a dividend yield of 8.03%. ENB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 129.05%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ENB will have a dividend payout ratio of 121.52% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ENB.

What is Al Monaco's approval rating as Enbridge's CEO?

253 employees have rated Enbridge Chief Executive Officer Al Monaco on Glassdoor.com. Al Monaco has an approval rating of 71% among the company's employees.

What other stocks do shareholders of Enbridge own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Enbridge investors own include AT&T (T), Intel (INTC), Pfizer (PFE), Verizon Communications (VZ), AbbVie (ABBV), Enterprise Products Partners (EPD), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Exxon Mobil (XOM) and Chevron (CVX).

Who are Enbridge's major shareholders?

Enbridge's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Cardinal Capital Management Inc. (0.13%), Addenda Capital Inc. (0.08%), Nexus Investment Management ULC (0.04%), Miller Howard Investments Inc. NY (0.04%), Thomasville National Bank (0.03%) and Wealth Enhancement Advisory Services LLC (0.03%).
View institutional ownership trends
.

How do I buy shares of Enbridge?

Shares of ENB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Enbridge have any subsidiaries?
The following companies are subsidiares of Enbridge: Spectra Energy.
Read More
This page (NYSE:ENB) was last updated on 4/17/2024 by MarketBeat.com Staff

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