Enbridge - ENB Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.
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6 Wall Street analysts have issued 1 year price targets for Enbridge's stock. Their ENB share price forecasts range from $52.00 to $65.00. On average, they expect the company's stock price to reach $58.90 in the next year. This suggests a possible upside of 45.2% from the stock's current price.
View analysts price targets for ENB or view top-rated stocks among Wall Street analysts.

Enbridge's stock was trading at $39.10 at the start of the year. Since then, ENB shares have increased by 3.8% and is now trading at $40.57.
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Enbridge saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 38,360,000 shares, a decline of 24.4% from the December 31st total of 50,730,000 shares. Based on an average daily trading volume, of 3,520,000 shares, the short-interest ratio is currently 10.9 days. Currently, 1.9% of the company's shares are short sold.
View Enbridge's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 10th 2023.
View our ENB earnings forecast.

Enbridge will be holding an earnings conference call on Friday, February 10th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Enbridge Inc. (NYSE:ENB) released its quarterly earnings results on Friday, November, 5th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The pipeline company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.68 billion. Enbridge had a net margin of 11.07% and a trailing twelve-month return on equity of 10.60%. During the same quarter in the previous year, the company posted $0.36 earnings per share.

Enbridge declared 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 yield of 6.45%. 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.

Enbridge (NYSE:ENB) pays an annual dividend of $2.59 per share and currently has a dividend yield of 6.38%. ENB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 122.75%. 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 113.60% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ENB.

Enbridge issued an update on its FY23 earnings guidance on Wednesday, November, 30th. The company provided earnings per share guidance of $3.44-3.55 for the period, compared to the consensus estimate of $3.10.

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.

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 a number of retail and institutional investors. Top institutional shareholders include National Bank of Canada FI (0.84%), Sumitomo Mitsui Trust Holdings Inc. (0.26%), Montrusco Bolton Investments Inc. (0.15%), Bank of Montreal Can (0.00%), Cardinal Capital Management Inc. (0.12%) and DAVENPORT & Co LLC (0.10%).
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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.
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One share of ENB stock can currently be purchased for approximately $40.57.

Enbridge (NYSE:ENB) has a market capitalization of $82.15 billion and generates $37.55 billion in revenue each year. The pipeline company earns $4.94 billion in net income (profit) each year or $2.11 on an earnings per share basis.

The company employs 10,900 workers across the globe.

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.