Enbridge Stock Forecast, Price & News

$39.60
-0.81 (-2.00 %)
(As of 06/18/2021 12:00 AM ET)
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Today's Range
$39.44
$40.11
50-Day Range
$36.73
$40.78
52-Week Range
$26.97
$41.13
Volume4.79 million shs
Average Volume4.76 million shs
Market Capitalization$80.22 billion
P/E Ratio16.85
Dividend Yield6.59%
Beta0.87
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Enbridge logo

About Enbridge

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.

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MarketRank

Overall MarketRank

2.57 out of 5 stars

Oils/Energy Sector

3rd out of 686 stocks

Pipelines, Except Natural Gas Industry

2nd out of 20 stocks

Analyst Opinion: 4.5Community Rank: 2.7Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 3.1 5 -4 -3 -2 -1 -
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Enbridge (NYSE:ENB) Frequently Asked Questions

Is Enbridge a buy right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last year. There are currently 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Enbridge stock.
View analyst ratings for Enbridge
or view top-rated stocks.

What stocks does MarketBeat like better than Enbridge?

Wall Street analysts have given Enbridge a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Enbridge wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Enbridge?

Enbridge saw a drop in short interest during the month of May. As of May 28th, there was short interest totaling 11,180,000 shares, a drop of 42.6% from the May 13th total of 19,480,000 shares. Based on an average trading volume of 4,090,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 0.6% of the company's shares are short sold.
View Enbridge's Short Interest
.

When is Enbridge's next earnings date?

Enbridge is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Enbridge
.

How were Enbridge's earnings last quarter?

Enbridge Inc. (NYSE:ENB) issued its earnings results on Friday, May, 7th. The pipeline company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.56 by $0.06. The pipeline company earned $9.35 billion during the quarter. Enbridge had a net margin of 16.77% and a trailing twelve-month return on equity of 8.68%.
View Enbridge's earnings history
.

How has Enbridge's stock price been impacted by Coronavirus?

Enbridge's stock was trading at $31.19 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ENB stock has increased by 27.0% and is now trading at $39.60.
View which stocks have been most impacted by COVID-19
.

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

Enbridge declared a quarterly dividend on Thursday, May 6th. Shareholders of record on Friday, May 14th will be given a dividend of $0.6778 per share on Tuesday, June 1st. This represents a $2.71 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date is Thursday, May 13th. This is an increase from Enbridge's previous quarterly dividend of $0.65.
View Enbridge's dividend history
.

Is Enbridge a good dividend stock?

Enbridge pays an annual dividend of $2.61 per share and currently has a dividend yield of 6.59%. ENB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Enbridge does not yet have a strong track record of dividend growth. The dividend payout ratio of Enbridge is 144.20%. 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 102.76% in the coming year. This indicates that Enbridge may not be able to sustain their current dividend.
View Enbridge's dividend history.

What price target have analysts set for ENB?

12 analysts have issued twelve-month price targets for Enbridge's stock. Their forecasts range from $43.00 to $57.00. On average, they expect Enbridge's stock price to reach $52.73 in the next year. This suggests a possible upside of 33.1% from the stock's current price.
View analysts' price targets for Enbridge
or view top-rated stocks among Wall Street analysts.

Who are Enbridge's key executives?

Enbridge's management team includes the following people:
  • Mr. Al Monaco, Pres, CEO & Director (Age 61, Pay $3.99M)
  • Mr. Colin Kenneth Gruending, Exec. VP & CFO (Age 51, Pay $1.13M)
  • Mr. Robert R. Rooney Q.C., LLB, QC, Exec. VP & Chief Legal Officer (Age 64, Pay $1M)
  • Mr. Dai-Chung Yu, Exec. VP & Pres of Liquids Pipelines (Age 54, Pay $1.11M)
  • Mr. William Turner Yardley, Exec. VP and Pres of Gas Transmission & Midstream (Age 56, Pay $1.31M)
  • Mr. Patrick Robert Murray, Sr. VP & Chief Accounting Officer (Age 45)
  • Mr. Bhushan N. Ivaturi, Sr. VP & Chief Information Officer
  • Jonathan Morgan, VP of Investor Relations
  • Mr. Tyler Wade Robinson, VP & Chief Compliance Officer
  • Roxanna Benoit, VP of Public Affairs, Communications & Sustainability

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.

Who are some of Enbridge's key competitors?

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 retail and institutional investors. Top institutional shareholders include Capital International Investors (3.32%), TD Asset Management Inc. (1.52%), Bank of Nova Scotia (1.09%), Caisse DE Depot ET Placement DU Quebec (1.03%), The Manufacturers Life Insurance Company (1.00%) and CIBC Asset Management Inc (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 Great West Life Assurance Co. Can, Capital International Investors, FIL Ltd, Price T Rowe Associates Inc. MD, Caisse DE Depot ET Placement DU Quebec, APG Asset Management N.V., BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, and CIBC Asset Management Inc.
View insider buying and selling activity for Enbridge
or view top insider-selling stocks.

Which major investors are buying Enbridge stock?

ENB stock was acquired by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Blackstone Group Inc., Blackstone Group Inc., Russell Investments Group Ltd., Clearbridge Investments LLC, JPMorgan Chase & Co., ClearBridge Investments Ltd, and Federated Hermes Inc..
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 $39.60.

How much money does Enbridge make?

Enbridge has a market capitalization of $80.22 billion and generates $29.18 billion in revenue each year. The pipeline company earns $2.51 billion in net income (profit) each year or $1.81 on an earnings per share basis.

How many employees does Enbridge have?

Enbridge employs 11,200 workers across the globe.

When was Enbridge founded?

Enbridge was founded in 1949.

What is Enbridge's official website?

The official website for Enbridge is www.enbridge.com.

Where are Enbridge's headquarters?

Enbridge is headquartered at 200 Fifth Avenue Place 425 1st Street S.W., CALGARY A0, T2P 3L8.

How can I contact Enbridge?

Enbridge's mailing address is 200 Fifth Avenue Place 425 1st Street S.W., CALGARY A0, T2P 3L8. The pipeline company can be reached via phone at 403-231-3900 or via email at [email protected]


This page was last updated on 6/21/2021 by MarketBeat.com Staff
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