NYSE:ENB

Enbridge - ENB Stock Forecast, Price & News

$42.72

-0.79 (-1.82%)

(As of 08/15/2022 12:00 AM ET)

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Today's Range: $42.42
▼
$42.89
50-Day Range: $40.49
▼
$47.53
52-Week Range: $36.21
▼
$47.67

Volume: 2.93 million shs
Average Volume: 4.30 million shs
Market Capitalization: $86.50 billion

P/E Ratio: 22.48
Dividend Yield: 6.11%
Price Target: $58.46

Enbridge MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 36.8% Upside
$58.46 Price Target
Short Interest: Bearish
1.96% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.06
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 5.17%
From $2.32 to $2.44 Per Share

Overall MarketRank^™

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

2.21 out of 5 stars

Oils/Energy Sector

130th out of 261 stocks

Pipelines, Except Natural Gas Industry

5th out of 14 stocks

3.3

Analyst's Opinion

Consensus Rating
Enbridge has received a consensus rating of Buy. The company's average rating score is 2.57, and is based on 8 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $58.46, Enbridge has a forecasted upside of 36.8% from its current price of $42.72.
Amount of Analyst Coverage
Enbridge has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
1.96% of the float of Enbridge has been sold short.
Short Interest Ratio / Days to Cover
Enbridge has a short interest ratio ("days to cover") of 10.6, which indicates bearish sentiment.
Change versus previous month
Short interest in Enbridge has recently increased by 54.36%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
Enbridge is a leading dividend payer. It pays a dividend yield of 6.11%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Enbridge does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Enbridge is 140.00%. 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 109.02% in the coming year. This indicates that Enbridge may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ENB.

2.8

News and Social Media Coverage

News Sentiment
Enbridge has a news sentiment score of 0.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Enbridge this week, compared to 6 articles on an average week.
Search Interest
137 people have searched for ENB on MarketBeat in the last 30 days. This is an increase of 9% compared to the previous 30 days.
MarketBeat Follows
75 people have added Enbridge to their MarketBeat watchlist in the last 30 days. This is an increase of 39% compared to the previous 30 days.

0.8

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
53.23% of the stock of Enbridge is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Enbridge are expected to grow by 5.17% in the coming year, from $2.32 to $2.44 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Enbridge is 22.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.90.
Price to Earnings Ratio vs. Sector
The P/E ratio of Enbridge is 22.48, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 36.70.
Price to Earnings Growth Ratio
Enbridge has a PEG Ratio of 3.12. 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 1.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Enbridge (NYSE:ENB) Stock

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.

Enbridge Stock Down 1.6 %

ENB traded down $0.71 on Monday, hitting $42.80. 100,061 shares of the company were exchanged, compared to its average volume of 4,280,203. Enbridge has a 12 month low of $36.21 and a 12 month high of $47.67. The company has a market cap of $86.66 billion, a PE ratio of 22.44, a PEG ratio of 3.12 and a beta of 0.78. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.49 and a current ratio of 0.58. The stock's fifty day moving average is $43.08 and its 200-day moving average is $43.94.

Enbridge (NYSE:ENB - Get Rating) (TSE:ENB) last released its earnings results on Friday, July 29th. The pipeline company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.10. Enbridge had a return on equity of 10.46% and a net margin of 9.98%. During the same quarter last year, the firm earned $0.55 EPS. Equities research analysts predict that Enbridge will post 2.32 EPS for the current fiscal year.

Enbridge Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be paid a $0.668 dividend. The ex-dividend date of this dividend is Friday, August 12th. This represents a $2.67 annualized dividend and a yield of 6.24%. Enbridge's dividend payout ratio is 140.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ENB. Morgan Stanley boosted their target price on Enbridge from C$60.00 to C$67.00 in a research report on Tuesday, April 26th. US Capital Advisors cut Enbridge from an "overweight" rating to a "hold" rating in a research note on Tuesday, July 26th. Royal Bank of Canada lifted their price objective on Enbridge from C$60.00 to C$65.00 in a research note on Monday, May 9th. Industrial Alliance Securities raised Enbridge from a "hold" rating to a "buy" rating and set a C$60.00 target price for the company in a research note on Wednesday, August 3rd. Finally, Raymond James boosted their target price on Enbridge from C$55.00 to C$57.00 in a research note on Tuesday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $58.46.

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ENB Stock News Headlines

August 4, 2022 | marketbeat.com

Energy Transfer Is A Value Among High-Yield Energy Infrastructure (ENB)

Energy Transfer LP offers a value compared to its peers and the dividend is on track for a robust double-digit growth over the next two years.

August 2, 2022 | marketbeat.com

Market Fundamentals Drive Results For The Williams Companies (ENB)

The Williams Companies is on track to increase its already large dividend and could bring it in line with competitors like Enbridge and Kinder Morgan.

August 13, 2022 | nasdaq.com

3 Stocks Still Thriving Even as Oil Prices Cool Off - Nasdaq

August 12, 2022 | americanbankingnews.com

Enbridge Inc. (NYSE:ENB) Short Interest Up 54.4% in July

August 11, 2022 | nasdaq.com

Enbridge (ENB) Stock Dips 2% Since Q2 Earnings Miss Estimates - Nasdaq

August 10, 2022 | theglobeandmail.com

Canada missed its first LNG opportunity. Don't squander a second chance, Enbridge CEO Al Monaco urges - The Globe and Mail

August 8, 2022 | marketwatch.com

Canada and U.S. Making Progress on Enbridge Line 5 Pipeline, Canadian Ambassador Says - MarketWatch

August 6, 2022 | fool.com

3 No-Brainer Energy Stocks to Buy in August - The Motley Fool

August 6, 2022 | fool.com

Enbridge Sees Huge Growth Ahead for This Carbon Fuel - The Motley Fool

August 6, 2022 | americanbankingnews.com

National Bank Financial Boosts Enbridge (NYSE:ENB) Price Target to C$61.00

August 6, 2022 | americanbankingnews.com

Enbridge (NYSE:ENB) PT Raised to C$57.00

August 5, 2022 | americanbankingnews.com

FY2022 EPS Estimates for Enbridge Inc. (NYSE:ENB) Cut by Analyst

August 4, 2022 | finance.yahoo.com

Enbridge's Solar Self-Power Projects Charging Forward

August 4, 2022 | americanbankingnews.com

Enbridge (NYSE:ENB) Upgraded to "Buy" by Industrial Alliance Securities

August 3, 2022 | fool.com

This Nearly 6%-Yielding Dividend Stock Has More Fuel to Keep Growing - The Motley Fool

August 2, 2022 | finance.yahoo.com

Setting Ourselves Up for Success: Meeting Our 2050 Emission Goals Through Innovation at Enbridge

July 30, 2022 | fool.ca

TFSA Passive Income: 1 Top TSX Dividend Stock for New Pensioners - The Motley Fool Canada

July 29, 2022 | finance.yahoo.com

Enbridge (ENB) Q2 2022 Earnings Call Transcript

July 29, 2022 | fool.ca

1 Canadian Stock to Buy While the Dividend Yields More Than 6% - The Motley Fool Canada

July 29, 2022 | seekingalpha.com

Enbridge to take 30% stake in Canada's Woodfibre LNG export project (NYSE:ENB) - Seeking Alpha

July 29, 2022 | finance.yahoo.com

UPDATE 3-Canada's Enbridge to invest $1.5 bln in Pacific Energy's Woodfibre LNG project

July 29, 2022 | americanbankingnews.com

Enbridge Target of Unusually High Options Trading (NYSE:ENB)

July 29, 2022 | benzinga.com

A Preview Of Enbridge's Earnings - Benzinga

July 29, 2022 | americanbankingnews.com

Analysts Issue Forecasts for Enbridge Inc.'s Q2 2022 Earnings (NYSE:ENB)

July 28, 2022 | americanbankingnews.com

US Capital Advisors Lowers Enbridge (NYSE:ENB) to Hold

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30 days | 90 days | 365 days | Advanced Chart

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ENB Company Calendar

Ex-Dividend for 6/1 Dividend: 5/12/2022
Dividend Payable: 6/01/2022
Last Earnings: 7/29/2022
Ex-Dividend for 9/1 Dividend: 8/12/2022
Today: 8/15/2022
Dividend Payable: 9/01/2022
Next Earnings (Estimated): 11/04/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Pipelines, except natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:ENB
CUSIP: N/A
CIK: 895728
Web: www.enbridge.com
Phone: (403) 231-3900
Fax: 403-231-3920
Employees: 10,900
Year Founded: 1949

Price Target and Rating

Average Stock Price Forecast: $58.46
High Stock Price Forecast: $67.00
Low Stock Price Forecast: $43.00
Forecasted Upside/Downside: +36.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.57
Research Coverage: 14 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.90
Trailing P/E Ratio: 22.48
Forward P/E Ratio: 18.41
P/E Growth: 3.12
Net Income: $4.94 billion
Net Margins: 9.98%
Pretax Margin: 13.10%
Return on Equity: 10.46%
Return on Assets: 3.52%

Debt

Debt-to-Equity Ratio: 1.21
Current Ratio: 0.58
Quick Ratio: 0.49

Sales & Book Value

Annual Sales: $37.55 billion
Price / Sales: 2.30
Cash Flow: $3.64 per share
Price / Cash Flow: 11.75
Book Value: $21.90 per share
Price / Book: 1.95

Miscellaneous

Outstanding Shares: 2,024,787,000
Free Float: 2,016,283,000
Market Cap: $86.50 billion
Optionable: Optionable
Beta: 0.78

Social Links

Key Executives

Mr. Al Monaco (Age 62)
Pres, CEO & Director
Comp: $4.88M
Mr. Dai-Chung Yu (Age 55)
Exec. VP of Corp. Devel. & CFO
Comp: $1.37M
Mr. Robert R. Rooney Q.C. (Age 65)
LLB, QC, Exec. VP & Chief Legal Officer
Comp: $1.12M
Mr. Colin Kenneth Gruending (Age 52)
Exec. VP & Pres of Liquids Pipelines
Comp: $1.34M
Ms. Cynthia Lynn Hansen (Age 57)
Exec. VP and Pres of Gas Transmission & Midstream
Comp: $1.02M
Mr. David Wayne Bryson (Age 55)
Sr. VP and COO of Gas Transmission & Midstream
Mr. Patrick Robert Murray (Age 46)
Sr. VP & Chief Accounting Officer
Mr. Bhushan N. Ivaturi
Sr. VP & Chief Information Officer
Jonathan Morgan
VP of Investor Relations
Mr. Tyler Wade Robinson
VP & Chief Compliance Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ENB Stock - Frequently Asked Questions

Should I buy or sell Enbridge stock right now?: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last twelve months. There are currently 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ENB shares.
View ENB analyst ratings or view top-rated stocks.
What is Enbridge's stock price forecast for 2022?: 14 equities research analysts have issued 1-year price targets for Enbridge's shares. Their ENB share price forecasts range from $43.00 to $67.00. On average, they predict the company's share price to reach $58.46 in the next year. This suggests a possible upside of 36.8% 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 2022?: Enbridge's stock was trading at $39.08 on January 1st, 2022. Since then, ENB shares have increased by 9.3% and is now trading at $42.72.
View the best growth stocks for 2022 here.
Are investors shorting Enbridge?: Enbridge saw a increase in short interest in July. As of July 31st, there was short interest totaling 39,500,000 shares, an increase of 54.4% from the July 15th total of 25,590,000 shares. Based on an average daily volume of 3,740,000 shares, the days-to-cover ratio is presently 10.6 days. Approximately 2.0% of the shares of the stock are short sold.
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, November 4th 2022.
View our ENB earnings forecast.
How were Enbridge's earnings last quarter?: Enbridge Inc. (NYSE:ENB) announced its quarterly earnings data on Friday, July, 29th. The pipeline company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.10. Enbridge had a net margin of 9.98% and a trailing twelve-month return on equity of 10.46%. During the same quarter in the prior year, the business posted $0.55 EPS.
How often does Enbridge pay dividends? What is the dividend yield for Enbridge?: Enbridge declared a quarterly dividend on Tuesday, July 26th. Stockholders of record on Monday, August 15th will be given a dividend of $0.668 per share on Thursday, September 1st. This represents a $2.67 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend is Friday, August 12th.
Read our dividend analysis for ENB.
Is Enbridge a good dividend stock?: Enbridge (NYSE:ENB) pays an annual dividend of $2.66 per share and currently has a dividend yield of 6.11%. ENB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 140.00%. 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 109.02% 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 many different institutional and retail investors. Top institutional investors include GQG Partners LLC (2.56%), Deutsche Bank AG (2.08%), TD Asset Management Inc. (1.41%), Bank of Nova Scotia (1.23%), Mackenzie Financial Corp (0.94%) and Clearbridge Investments LLC (0.74%).
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 $42.72.
How much money does Enbridge make?: Enbridge (NYSE:ENB) has a market capitalization of $86.50 billion and generates $37.55 billion in revenue each year. The pipeline company earns $4.94 billion in net income (profit) each year or $1.90 on an earnings per share basis.
How many employees does Enbridge have?: The company employs 10,900 workers across the globe.
When was Enbridge founded?: Enbridge was founded in 1949.
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 8/15/2022 by MarketBeat.com Staff

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Enbridge - ENB Stock Forecast, Price & News

Enbridge MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month