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Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's (Ad)
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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Federal student loan payments are starting again. Here's what you need to know
66,000% upside on tiny biotech? (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is averted
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's (Ad)
Facing increasing pressure from customers, some miners are switching to renewable energy
Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's (Ad)
Grant program for Black women entrepreneurs blocked by federal appeals court
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Federal student loan payments are starting again. Here's what you need to know
66,000% upside on tiny biotech? (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is averted
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's (Ad)
Facing increasing pressure from customers, some miners are switching to renewable energy
Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's (Ad)
Grant program for Black women entrepreneurs blocked by federal appeals court
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Federal student loan payments are starting again. Here's what you need to know
66,000% upside on tiny biotech? (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is averted
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's (Ad)
Facing increasing pressure from customers, some miners are switching to renewable energy
Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's (Ad)
Grant program for Black women entrepreneurs blocked by federal appeals court
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
NYSE:ENB

Enbridge (ENB) Stock Forecast, Price & News

$33.19
-0.35 (-1.04%)
(As of 09/29/2023 08:52 PM ET)
Compare
Today's Range
$33.16
$33.85
50-Day Range
$33.19
$37.72
52-Week Range
$32.90
$42.12
Volume
5.03 million shs
Average Volume
4.12 million shs
Market Capitalization
$70.55 billion
P/E Ratio
23.71
Dividend Yield
7.92%
Price Target
$55.68

Enbridge MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
67.8% Upside
$55.68 Price Target
Short Interest
Bearish
1.77% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.54mentions of Enbridge in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.42%
From $2.11 to $2.08 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.30 out of 5 stars

Oils/Energy Sector

105th out of 245 stocks

Pipelines, Except Natural Gas Industry

3rd out of 11 stocks


ENB stock logo

About Enbridge (NYSE:ENB) Stock

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 Price History

ENB Stock News Headlines

MarketBeat Week in Review – 9/11 - 9/15 (ENB)
Markets continue to trade in a defined range, and some analysts believe something has to change; that may come next week after the Fed meeting
Is Enbridge Stock Too Cheap to Pass Up Now?
Based out of Canada, Enbridge Inc. (NYSE: ENB) operates the world's longest crude oil and liquids transportation system, totaling 17,809 miles of active
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video)
“Hi, I’m Teeka Tiwari...I’m about to get in this Tesla and drive up to a facility just a few miles from here to show you what could be the secret behind Elon Musk’s new AI project… What happens next will shock you…”
Closing Bell: Enbridge Inc Pref Ser H flat on Friday (ENB-PR-H)
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video)
“Hi, I’m Teeka Tiwari...I’m about to get in this Tesla and drive up to a facility just a few miles from here to show you what could be the secret behind Elon Musk’s new AI project… What happens next will shock you…”
Encouraging Young Families To Shoot for the ‘Stars’
E Split Corp.: Leveraged Return On Enbridge
Enbridge Inc. stock rises Wednesday, outperforms market
Why I've Owned Enbridge Stock for 6 Years Straight
Is Enbridge Stock a Buy for its Big Dividend?
Enbridge (ENB) Gets a Hold from National Bank
See More Headlines
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ENB Company Calendar

Last Earnings
8/04/2023
Ex-Dividend for 9/1 Dividend
8/14/2023
Dividend Payable
9/01/2023
Today
10/02/2023
Next Earnings (Estimated)
11/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Employees
11,100
Year Founded
1949

Price Target and Rating

Average Stock Price Forecast
$55.68
High Stock Price Forecast
$64.00
Low Stock Price Forecast
$35.75
Forecasted Upside/Downside
+67.8%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$2.31 billion
Pretax Margin
12.56%

Debt

Sales & Book Value

Annual Sales
$41.00 billion
Cash Flow
$3.96 per share
Book Value
$21.49 per share

Miscellaneous

Outstanding Shares
2,125,570,000
Free Float
2,116,647,000
Market Cap
$70.55 billion
Optionable
Optionable
Beta
0.85

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Key Executives

  • Mr. Gregory Lorne Ebel (Age 59)
    Pres, CEO & Director
    Comp: $271.55k
  • Mr. Robert R. Rooney Q.C. (Age 66)
    LLB, QC, Exec. VP & Chief Legal Officer
    Comp: $1M
  • Mr. Colin Kenneth Gruending (Age 53)
    Exec. VP & Pres of Liquids Pipelines
    Comp: $1.24M
  • Ms. Cynthia Lynn Hansen (Age 58)
    Exec. VP and Pres of Gas Transmission & Midstream
    Comp: $1.43M
  • Mr. Patrick Robert Murray (Age 48)
    Exec. VP & CFO
  • Mr. David Wayne BrysonMr. David Wayne Bryson (Age 56)
    Sr. VP and COO of Gas Transmission & Midstream
  • Ms. Melissa M. LaForge (Age 38)
    Sr. VP & Chief Accounting Officer
  • Mr. Bhushan N. Ivaturi
    Sr. VP & Chief Information Officer
  • Mr. Byron C. Neiles (Age 57)
    Exec. VP & Chief Admin. Officer
  • Ms. Rebecca Morley CFA (Age 43)
    Director of Investor Relations













ENB Stock - Frequently Asked Questions

Should I buy or sell Enbridge stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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 forecast for 2023?

7 equities research analysts have issued 12-month price targets for Enbridge's stock. Their ENB share price forecasts range from $35.75 to $64.00. On average, they anticipate the company's share price to reach $55.68 in the next year. This suggests a possible upside of 67.8% 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 2023?

Enbridge's stock was trading at $39.10 at the start of the year. Since then, ENB stock has decreased by 15.1% and is now trading at $33.19.
View the best growth stocks for 2023 here
.

Are investors shorting Enbridge?

Enbridge saw a increase in short interest in September. As of September 15th, there was short interest totaling 37,360,000 shares, an increase of 20.5% from the August 31st total of 31,010,000 shares. Based on an average daily volume of 5,230,000 shares, the short-interest ratio is currently 7.1 days. Approximately 1.8% of the shares of the stock 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, November 3rd 2023.
View our ENB earnings forecast
.

How were Enbridge's earnings last quarter?

Enbridge Inc. (NYSE:ENB) issued its quarterly earnings results on Friday, August, 4th. The pipeline company reported $0.51 earnings per share for the quarter, meeting analysts' consensus estimates of $0.51. The pipeline company earned $7.77 billion during the quarter, compared to the consensus estimate of $7.49 billion. Enbridge had a net margin of 8.58% and a trailing twelve-month return on equity of 10.20%.

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

Enbridge announced a quarterly dividend on Tuesday, August 1st. Investors of record on Tuesday, August 15th will be paid a dividend of $0.67 per share on Friday, September 1st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.07%. The ex-dividend date of this dividend is Monday, August 14th. This is a positive change from the stock's previous quarterly dividend of $0.66.
Read our dividend analysis for ENB
.

Is Enbridge a good dividend stock?

Enbridge (NYSE:ENB) pays an annual dividend of $2.63 per share and currently has a dividend yield of 7.93%. ENB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 187.86%. 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 126.44% 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).

What is Enbridge's stock symbol?

Enbridge trades on the New York Stock Exchange (NYSE) under the ticker symbol "ENB."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Enbridge's stock price today?

One share of ENB stock can currently be purchased for approximately $33.19.

How much money does Enbridge make?

Enbridge (NYSE:ENB) has a market capitalization of $70.55 billion and generates $41.00 billion in revenue each year. The pipeline company earns $2.31 billion in net income (profit) each year or $1.40 on an earnings per share basis.

How many employees does Enbridge have?

The company employs 11,100 workers across the globe.

Does Enbridge have any subsidiaries?
The following companies are subsidiares of Enbridge: Spectra Energy.
Read More
How can I contact Enbridge?

Enbridge's mailing address is 200 Fifth Avenue Place 425 1st Street S.W., CALGARY A0, T2P 3L8. The official website for the company is www.enbridge.com. The pipeline company can be reached via phone at (403) 231-3900, via email at investor.relations@enbridge.com, or via fax at 403-231-3920.

This page (NYSE:ENB) was last updated on 10/2/2023 by MarketBeat.com Staff

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