NYSE:ENB

Enbridge Stock Forecast, Price & News

$29.20

-0.35 (-1.18 %)

(As of 09/30/2020 12:00 AM ET)

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Today's Range

$29.19

Now: $29.20▼

$29.80

50-Day Range

$29.51

MA: $31.69▼

$33.98

52-Week Range

$22.57

Now: $29.20▼

$43.15

Volume3.59 million shs

Average Volume4.24 million shs

Market Capitalization$59.13 billion

P/E Ratio41.71

Dividend Yield8.29%

Beta0.83

Enbridge Inc. operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. The Gas Transmission and Midstream segment owns interests in natural gas pipelines, and gathering and processing facilities. The Gas Distribution segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as in Quebec and New Brunswick. The Green Power and Transmission segment operates renewable energy assets, such as wind, solar, geothermal, and waste heat recovery facilities; and transmission facilities in the provinces of Alberta, Ontario, and Quebec, Canada; and in Colorado, Texas, Indiana, and West Virginia, the United States. The Energy Services segment provides energy marketing services to refiners, producers, and other customers; transportation, storage, supply management, and product exchange services; crude oil, natural gas, NGL, and power marketing services; and physical commodity marketing and logistical services. 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.

Beat the Market (BTM) Rank^™

4.4 Analyst's Opinion

Consensus Rating
Enbridge has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 16 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $51.50, Enbridge has a forecasted upside of 76.4% from its current price of $29.20.
Amount of Analyst Coverage
Enbridge has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.7 Community Rank

Outperform Votes
Enbridge has received 728 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Enbridge has received 627 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Enbridge has received 53.73% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Enbridge and other stocks. Vote “Outperform” if you believe ENB will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ENB will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Enbridge is a leading dividend payer. It pays a dividend yield of 8.29%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Enbridge has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Enbridge is 122.50%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Enbridge will have a dividend payout ratio of 117.22% in the coming year. This indicates that Enbridge may not be able to sustain their current dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Enbridge insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.42% of the stock of Enbridge is held by insiders.
Percentage Held by Institutions
52.27% of the stock of Enbridge is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Enbridge are expected to grow by 5.56% in the coming year, from $1.98 to $2.09 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Enbridge is 41.71, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of Enbridge is 41.71, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.23.
Price to Earnings Growth Ratio
Enbridge has a PEG Ratio of 1.62. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Enbridge has a P/B Ratio of 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.07 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Pipelines, except natural gas

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNYSE:ENB

Previous Symbol

CUSIPN/A

CIK895728

Webwww.enbridge.com

Phone403-231-3900

Debt

Debt-to-Equity Ratio1.02

Current Ratio0.61

Quick Ratio0.52

Price-To-Earnings

Trailing P/E Ratio41.71

Forward P/E Ratio14.75

P/E Growth1.62

Sales & Book Value

Annual Sales$37.73 billion

Price / Sales1.57

Cash Flow$3.21 per share

Price / Cash Flow9.11

Book Value$22.95 per share

Price / Book1.27

Profitability

EPS (Most Recent Fiscal Year)$2.00

Net Income$4.30 billion

Net Margins5.17%

Return on Equity8.61%

Return on Assets3.28%

Miscellaneous

Employees11,300

Outstanding Shares2,025,000,000

Market Cap$59.13 billion

Next Earnings Date11/13/2020 (Estimated)

OptionableOptionable

$29.20

-0.35 (-1.18 %)

(As of 09/30/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Enbridge (NYSE:ENB) Frequently Asked Questions

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 shares have decreased by 6.4% and is now trading at $29.20.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Enbridge?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last year. There are currently 1 sell rating, 3 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Enbridge.

When is Enbridge's next earnings date?

Enbridge is scheduled to release its next quarterly earnings announcement on Friday, November 13th 2020.
View our earnings forecast for Enbridge.

How were Enbridge's earnings last quarter?

Enbridge Inc (NYSE:ENB) announced its quarterly earnings data on Wednesday, July, 29th. The pipeline company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.15. The pipeline company earned $5.78 billion during the quarter, compared to the consensus estimate of $8.54 billion. Enbridge had a net margin of 5.17% and a return on equity of 8.61%. During the same period last year, the company posted $0.67 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 Thursday, July 23rd. Investors of record on Friday, August 14th will be given a dividend of $0.6021 per share on Tuesday, September 1st. This represents a $2.41 annualized dividend and a yield of 8.25%. The ex-dividend date is Thursday, August 13th. This is a boost from Enbridge's previous quarterly dividend of $0.57.
View Enbridge's dividend history.

What price target have analysts set for ENB?

20 brokerages have issued twelve-month target prices for Enbridge's shares. Their forecasts range from $44.00 to $61.00. On average, they expect Enbridge's share price to reach $51.50 in the next year. This suggests a possible upside of 76.4% from the stock's current price.
View analysts' price targets for Enbridge.

Are investors shorting Enbridge?

Enbridge saw a drop in short interest in September. As of September 15th, there was short interest totaling 6,110,000 shares, a drop of 15.0% from the August 31st total of 7,190,000 shares. Based on an average trading volume of 2,780,000 shares, the short-interest ratio is presently 2.2 days. Currently, 0.3% of the shares of the stock are short sold.
View Enbridge's Short Interest.

Who are some of Enbridge's key competitors?

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), NuStar Energy (NS), Plains GP (PAGP), BP Midstream Partners (BPMP), Delek Logistics Partners (DKL), Noble Midstream Partners (NBLX), Noble Midstream Partners (NBLX), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP).
View all 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), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Exxon Mobil (XOM) and Chevron (CVX).

Who are Enbridge's key executives?

Enbridge's management team includes the following people:

Mr. Al Monaco, Pres, CEO & Director (Age 59)
Mr. John K. Whelen, Exec. VP & CFO (Age 59)
Mr. Robert R. Rooney Q.C., LLB, QC, Exec. VP & Chief Legal Officer (Age 62)
Mr. D. Guy Jarvis, Exec. VP & Pres of Liquids Pipelines (Age 55)
Mr. William Turner Yardley, Exec. VP and Pres of Gas Transmission & Midstream (Age 54)

What is Enbridge's stock symbol?

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

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Enbridge's stock price today?

One share of ENB stock can currently be purchased for approximately $29.20.

How big of a company is Enbridge?

Enbridge has a market capitalization of $59.13 billion and generates $37.73 billion in revenue each year. The pipeline company earns $4.30 billion in net income (profit) each year or $2.00 on an earnings per share basis. Enbridge employs 11,300 workers across the globe.

What is Enbridge's official website?

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

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 9/30/2020 by MarketBeat.com Staff

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