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NYSE:ENB

Enbridge - ENB Stock Forecast, Price & News

$36.73
-0.09 (-0.24%)
(As of 03/28/2023 12:00 AM ET)
Add
Compare
Today's Range
$36.63
$37.05
50-Day Range
$36.45
$41.88
52-Week Range
$35.02
$47.67
Volume
4.92 million shs
Average Volume
3.71 million shs
Market Capitalization
$74.38 billion
P/E Ratio
36.37
Dividend Yield
7.21%
Price Target
$59.00

Enbridge MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
60.6% Upside
$59.00 Price Target
Short Interest
Healthy
2.13% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.43mentions of Enbridge in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

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

2.13 out of 5 stars

Oils/Energy Sector

155th out of 247 stocks

Pipelines, Except Natural Gas Industry

7th out of 11 stocks


ENB stock logo

About Enbridge (NYSE:ENB) Stock

Enbridge Inc. is a leading energy infrastructure company headquartered in Calgary, Canada, and the company's operations span the United States and Canada. Enbridge Inc. primarily operates through its primary business segments: Liquid Pipelines, Gas Transmission and Midstream.

The Liquids Pipelines segment is responsible for transporting crude oil and other liquid hydrocarbons, while the Gas Transmission and Midstream segment handles the transportation and storage of natural gas. The midstream sector of their business is the most intensive, comprising long transmission pipelines, storage systems, compressor systems, pump stations and terminals.

The company's management team is led by Gregory L Ebel, who assumed the CEO role in Q1 of 2023. Previously Mr. Ebel served as the CEO of Spectra Energy for eight years and President of Union Gas Limited for two years. He is a Harvard Business School graduate with a history of working in mergers and acquisitions. Other notable executive leadership team members include Colin Gruending, the President of Liquid Pipelines, directly overseeing a series of pipelines that supply 25% of North America's crude oil.

Also, Laura Sayavedra, the Vice President of Projects, Safety and Reliability, has a history of working in mergers and acquisitions and business standardization. 

Enbridge Inc. has a strong financial track record, with solid revenue and earnings growth over the past few years. The company is reporting increased revenue generation and increased net income. The company maintains healthy profit margins, with a net average profit margin of around 6%. The company's debt levels have remained manageable, with a debt ratio in line with industry peers. In terms of valuation, Enbridge Inc. is currently trading at a price-to-earnings ratio that is slightly lower than the industry average.

The company's price-to-book ratio is below the industry average, indicating that the stock may be undervalued relative to its peers. Enbridge Inc.'s dividend yield is also attractive, currently standing at around 7%, making it an attractive investment for income-seeking investors. Enbridge Inc.'s stock performance has been relatively stable over the past few years, with the stock price experiencing some volatility due to fluctuations in oil and gas prices. However, the company's stock price has primarily followed a positive trend, with the stock price consistently increasing. The company has also maintained a healthy trading volume, with an average daily trading volume of around 4 million shares.

Enbridge Inc. operates in the energy infrastructure industry, subject to significant regulatory and political issues in recent years. The industry has faced increasing scrutiny due to concerns over climate change and the environmental impact of fossil fuels. In addition, competition within the industry has intensified, with new players entering the market and existing players expanding their operations. Enbridge Inc. faces significant competition from other energy infrastructure companies like Kinder Morgan and TC Energy.

Enbridge Inc. has identified several growth opportunities, including expanding its pipeline network and developing new infrastructure projects. The company is involved in several large-scale projects, including the Line 3 Replacement Program and the Texas Eastern Appalachian Lease Project. In addition, Enbridge Inc. is exploring opportunities in renewable energy, focusing on developing wind and solar projects.

Despite its strong financial performance and growth prospects, Enbridge Inc. faces several risks and challenges. The increasing regulatory and political pressure on the energy industry is one of the company's most significant risks. This could increase costs and regulatory hurdles, impacting Enbridge Inc.'s operations and profitability. Another challenge facing the company is the potential for changes in consumer preferences as more individuals and businesses shift towards renewable energy sources. This could impact demand for Enbridge Inc.'s traditional fossil fuel-based infrastructure, and the company will need to adapt and diversify its offerings to remain competitive.

Enbridge Inc. also faces the risk of supply chain disruptions, which could impact the company's ability to transport and store oil and gas. This risk was highlighted during the COVID-19 pandemic, which led to a decline in oil and gas demand and disruptions in supply chains, negatively affecting the company. Enbridge Inc. will need to ensure that it has appropriate contingency plans to manage any supply chain disruptions that may arise.

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ENB Stock News Headlines

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There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Investors Buy High Volume of Enbridge Put Options (NYSE:ENB)
Enbridge (NYSE:ENB) Coverage Initiated at StockNews.com
A strange force is brewing…
An economic force with the potential to be bigger than the 1880s railroad boom, the 1920s automobile boom, the baby boom of the 1960s, or the Dotcom boom of the ‘90s. And while Biden has nothing to do with it… he’ll take full credit. pixel
Upgrading Health Care in the Heart of North Dakota
From Wasted Food to Carbon-Neutral Fuel
The Case for Canadian Liquefied Natural Gas
Enbridge Inc. (NYSE:ENB) Q4 2022 Earnings Call Transcript
Enbridge (ENB) Q4 2022 Earnings Call Transcript
Enbridge Files 2022 Year End Disclosure Documents
Could Enbridge Be a Big Winner in 2023?
See More Headlines
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ENB Company Calendar

Last Earnings
11/05/2021
Ex-Dividend for 3/1 Dividend
2/14/2023
Dividend Payable
3/01/2023
Today
3/28/2023
Next Earnings (Estimated)
5/05/2023
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
$59.00
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$52.00
Forecasted Upside/Downside
+60.3%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$2.31 billion
Pretax Margin
8.52%

Debt

Sales & Book Value

Annual Sales
$41.00 billion
Cash Flow
$3.97 per share
Book Value
$21.49 per share

Miscellaneous

Outstanding Shares
2,024,930,000
Free Float
2,016,422,000
Market Cap
$74.52 billion
Optionable
Optionable
Beta
0.83

Social Links


Key Executives

  • Gregory Lorne Ebel
    President, Chief Executive Officer & Director
  • David Bryson
    Senior VP, COO-Gas Transmission & Midstream
  • Vern D. Yu
    Chief Financial Officer & Executive Vice President
  • Bhushan N. Ivaturi
    Chief Information Officer & Senior Vice President
  • Lisa D Wilson
    Chief Compliance Officer & Vice President













ENB Stock - Frequently Asked Questions

Should I buy or sell Enbridge stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last twelve months. There are currently 1 sell rating, 3 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?

6 analysts have issued 1-year target prices for Enbridge's shares. Their ENB share price forecasts range from $52.00 to $65.00. On average, they anticipate the company's share price to reach $59.00 in the next year. This suggests a possible upside of 60.6% 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 beginning of the year. Since then, ENB shares have decreased by 6.1% and is now trading at $36.73.
View the best growth stocks for 2023 here
.

Are investors shorting Enbridge?

Enbridge saw a decline in short interest in March. As of March 15th, there was short interest totaling 43,060,000 shares, a decline of 29.6% from the February 28th total of 61,150,000 shares. Based on an average trading volume of 3,590,000 shares, the days-to-cover ratio is presently 12.0 days. Currently, 2.1% of the company's shares are sold short.
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 5th 2023.
View our ENB earnings forecast
.

How were Enbridge's earnings last quarter?

Enbridge Inc. (NYSE:ENB) announced its quarterly earnings data on Friday, November, 5th. The pipeline company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The pipeline company earned $9.11 billion during the quarter, compared to the consensus estimate of $9.68 billion. Enbridge had a net margin of 5.67% and a trailing twelve-month return on equity of 10.30%. During the same quarter in the prior year, the company earned $0.36 EPS.

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

Enbridge announced a quarterly dividend on Wednesday, November 30th. Shareholders of record on Wednesday, February 15th will be paid a dividend of $0.6538 per share on Wednesday, March 1st. This represents a $2.62 annualized dividend and a dividend yield of 7.12%. The ex-dividend date of this dividend is Tuesday, February 14th. This is an increase from the stock's previous quarterly dividend of $0.63.
Read our dividend analysis for ENB
.

What ETFs hold Enbridge's stock?
Is Enbridge a good dividend stock?

Enbridge (NYSE:ENB) pays an annual dividend of $2.65 per share and currently has a dividend yield of 7.20%. ENB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 262.38%. 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 116.74% 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."

Who are Enbridge's major shareholders?

Enbridge's stock is owned by a variety of institutional and retail investors. Top institutional investors include Moneta Group Investment Advisors LLC (2.39%), Deutsche Bank AG (2.03%), TD Asset Management Inc (1.44%), 1832 Asset Management L.P. (1.21%), The Manufacturers Life Insurance Company (1.00%) and Mackenzie Financial Corp (0.96%).
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 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 $36.73.

How much money does Enbridge make?

Enbridge (NYSE:ENB) has a market capitalization of $74.38 billion and generates $41.00 billion in revenue each year. The pipeline company earns $2.31 billion in net income (profit) each year or $1.01 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 3/28/2023 by MarketBeat.com Staff