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DOW   31,500.68
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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NYSE:ENB

Enbridge Stock Forecast, Price & News

$41.78
+0.98 (+2.40%)
(As of 06/24/2022 06:40 PM ET)
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Today's Range
$40.93
$41.92
50-Day Range
$40.49
$47.53
52-Week Range
$36.21
$47.67
Volume
3.21 million shs
Average Volume
4.66 million shs
Market Capitalization
$84.66 billion
P/E Ratio
18.24
Dividend Yield
6.37%
Price Target
$57.42
30 days | 90 days | 365 days | Advanced Chart

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ENB Stock Forecast (MarketRank)

Overall MarketRank

2.22 out of 5 stars

Oils/Energy Sector

139th out of 374 stocks

Pipelines, Except Natural Gas Industry

8th out of 19 stocks

Analyst Opinion: 3.3Community Rank: 4.7Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -
Enbridge logo

About Enbridge (NYSE:ENB)

Enbridge Inc. operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines, and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution and energy transportation activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, and waste heat recovery facilities; and transmission assets in North America and Europe. The Energy Services segment provides energy marketing services to refiners, producers, and other customers; and physical commodity marketing and logistical services in Canada and the United States. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.

ENB Stock News Headlines

Downturn Gives These 3 Buys Juicy Dividend Yields (ENB)
Simply going after the highest yields isn't a winning strategy. Companies that have the long-term growth prospects to support those dividend payouts are ideal.
3 Outperforming Energy Stocks with More in the Tank (ENB)
The global energy sector climbed to new highs last week as crude oil and natural gas prices rose. Based on forward-looking earnings estimates and sell-side price targets, there appears to be a lot more in the tank for these three energy companies.
See More Headlines

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Employees
10,900
Year Founded
1949

Company Calendar

Last Earnings
5/06/2022
Ex-Dividend for 6/1 Dividend
5/12/2022
Dividend Payable
6/01/2022
Today
6/27/2022
Next Earnings (Estimated)
7/29/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$57.42
High Stock Price Forecast
$67.00
Low Stock Price Forecast
$43.00
Forecasted Upside/Downside
+37.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57142857142857
Research Coverage
14 Analysts

Profitability

Net Income
$4.94 billion
Pretax Margin
15.78%

Debt

Sales & Book Value

Annual Sales
$37.55 billion
Cash Flow
$3.70 per share
Book Value
$21.90 per share

Miscellaneous

Outstanding Shares
2,026,382,000
Free Float
2,017,871,000
Market Cap
$84.66 billion
Optionable
Optionable
Beta
0.77

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Enbridge Frequently Asked Questions

Should I buy or sell Enbridge stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last twelve months. There are currently 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Enbridge stock.
View analyst ratings for Enbridge
or view top-rated stocks.

What is Enbridge's stock price forecast for 2022?

14 Wall Street research analysts have issued 12-month price objectives for Enbridge's stock. Their ENB stock forecasts range from $43.00 to $67.00. On average, they predict Enbridge's share price to reach $57.42 in the next twelve months. This suggests a possible upside of 37.4% from the stock's current price.
View analysts' price targets for Enbridge
or view top-rated stocks among Wall Street analysts.

How has Enbridge's stock price performed in 2022?

Enbridge's stock was trading at $39.08 at the beginning of 2022. Since then, ENB stock has increased by 6.9% and is now trading at $41.78.
View the best growth stocks for 2022 here
.

Are investors shorting Enbridge?

Enbridge saw a decrease in short interest in the month of May. As of May 31st, there was short interest totaling 24,210,000 shares, a decrease of 62.0% from the May 15th total of 63,680,000 shares. Based on an average trading volume of 3,920,000 shares, the short-interest ratio is presently 6.2 days. Approximately 1.2% of the shares of the stock are sold short.
View Enbridge's Short Interest
.

When is Enbridge's next earnings date?

Enbridge is scheduled to release its next quarterly earnings announcement on Friday, July 29th 2022.
View our earnings forecast for Enbridge
.

How were Enbridge's earnings last quarter?

Enbridge Inc. (NYSE:ENB) announced its quarterly earnings results on Friday, May, 6th. The pipeline company reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.67 by $0.01. The pipeline company had revenue of $11.92 billion for the quarter, compared to analysts' expectations of $8.76 billion. Enbridge had a trailing twelve-month return on equity of 10.40% and a net margin of 12.20%. During the same period last year, the firm earned $0.62 earnings per share.
View Enbridge's earnings history
.

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

Enbridge announced a quarterly dividend on Wednesday, May 4th. Stockholders of record on Friday, May 13th will be paid a dividend of $0.669 per share on Wednesday, June 1st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date is Thursday, May 12th.
View Enbridge's dividend history
.

Is Enbridge a good dividend stock?

Enbridge(NYSE:ENB) pays an annual dividend of $2.66 per share and currently has a dividend yield of 6.37%. ENB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Enbridge is 116.16%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Enbridge will have a dividend payout ratio of 106.40% in the coming year. This indicates that Enbridge may not be able to sustain their current dividend.
View Enbridge's dividend history.

Who are Enbridge's key executives?

Enbridge's management team includes the following people:
  • Mr. Al Monaco, Pres, CEO & Director (Age 62, Pay $5.04M)
  • Mr. Dai-Chung Yu, Exec. VP of Corp. Devel. & CFO (Age 55, Pay $1.42M)
  • Mr. Robert R. Rooney Q.C., LLB, QC, Exec. VP & Chief Legal Officer (Age 65, Pay $1.15M)
  • Mr. Colin Kenneth Gruending, Exec. VP & Pres of Liquids Pipelines (Age 52, Pay $1.38M)
  • Ms. Cynthia Lynn Hansen, Exec. VP and Pres of Gas Transmission & Midstream (Age 57, Pay $1.06M)
  • Mr. David Wayne Bryson, Sr. VP and COO of Gas Transmission & Midstream (Age 55)
  • Mr. Patrick Robert Murray, Sr. VP & Chief Accounting Officer (Age 46)
  • Mr. Bhushan N. Ivaturi, Sr. VP & Chief Information Officer
  • Jonathan Morgan, VP of Investor Relations
  • Mr. Tyler Wade Robinson, VP & Chief Compliance Officer

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

253 employees have rated Enbridge CEO Al Monaco on Glassdoor.com. Al Monaco has an approval rating of 71% among Enbridge'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."

Who are Enbridge's major shareholders?

Enbridge's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (3.41%), GQG Partners LLC (2.35%), TD Asset Management Inc. (1.41%), 1832 Asset Management L.P. (1.11%), CIBC Asset Management Inc (1.01%) and The Manufacturers Life Insurance Company (0.99%).
View institutional ownership trends for Enbridge
.

Which major investors are selling Enbridge stock?

ENB stock was sold by a variety of institutional investors in the last quarter, including Bank of Nova Scotia, Cibc World Market Inc., Royal Bank of Canada, National Bank of Canada FI, Goldman Sachs Group Inc., Blackstone Inc., Toronto Dominion Bank, and Caisse DE Depot ET Placement DU Quebec.
View insider buying and selling activity for Enbridge
or view top insider-selling stocks.

Which major investors are buying Enbridge stock?

ENB stock was purchased by a variety of institutional investors in the last quarter, including GQG Partners LLC, The Manufacturers Life Insurance Company , JPMorgan Chase & Co., Connor Clark & Lunn Investment Management Ltd., Vanguard Group Inc., Bank of Montreal Can, Mackenzie Financial Corp, and Swiss National Bank.
View insider buying and selling activity for Enbridge
or or view top insider-buying stocks.

How do I buy shares of Enbridge?

Shares of ENB 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 $41.78.

How much money does Enbridge make?

Enbridge (NYSE:ENB) has a market capitalization of $84.66 billion and generates $37.55 billion in revenue each year. The pipeline company earns $4.94 billion in net income (profit) each year or $2.289990 on an earnings per share basis.

How many employees does Enbridge have?

Enbridge employs 10,900 workers across the globe.

When was Enbridge founded?

Enbridge was founded in 1949.

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 Enbridge is www.enbridge.com. The pipeline company can be reached via phone at (403) 231-3900, via email at [email protected], or via fax at 403-231-3920.

This page (NYSE:ENB) was last updated on 6/27/2022 by MarketBeat.com Staff

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