Enbridge Stock Forecast, Price & News

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.

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.
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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.

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

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.

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.
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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.

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.

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.

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

Some companies that are related to Enbridge include Mplx (MPLX), Magellan Midstream Partners (MMP), Phillips 66 Partners (PSXP), Plains All American Pipeline (PAA), Shell Midstream Partners (SHLX), Holly Energy Partners (HEP), Plains GP (PAGP), NuStar Energy (NS), Delek Logistics Partners (DKL), BP Midstream Partners (BPMP), Genesis Energy (GEL), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP).
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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).

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

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.

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.

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.

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.
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One share of ENB stock can currently be purchased for approximately $39.60.

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.

Enbridge employs 11,200 workers across the globe.

Enbridge was founded in 1949.

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

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

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]