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NYSE:ENB

Enbridge - ENB Stock Forecast, Price & News

$43.38
-0.90 (-2.03%)
(As of 08/12/2022 10:57 AM ET)
Add
Compare
Today's Range
$43.25
$43.66
50-Day Range
$40.49
$47.53
52-Week Range
$36.21
$47.67
Volume
85,309 shs
Average Volume
2.73 million shs
Market Capitalization
$87.84 billion
P/E Ratio
22.83
Dividend Yield
6.05%
Price Target
$58.46

Enbridge MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
34.3% 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
0.15mentions of Enbridge in the last 14 days
Based on 13 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.

2.22 out of 5 stars

Oils/Energy Sector

138th out of 256 stocks

Pipelines, Except Natural Gas Industry

5th out of 13 stocks

ENB stock logo

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.

Analysts Set New Price Targets

ENB has been the subject of a number of recent research reports. Raymond James increased their price objective on Enbridge from C$55.00 to C$57.00 in a report on Tuesday, August 2nd. US Capital Advisors downgraded Enbridge from an "overweight" rating to a "hold" rating in a report on Tuesday, July 26th. Morgan Stanley increased their price objective on Enbridge from C$60.00 to C$67.00 in a report on Tuesday, April 26th. Industrial Alliance Securities upgraded Enbridge from a "hold" rating to a "buy" rating and set a C$60.00 price objective for the company in a report on Wednesday, August 3rd. Finally, TD Securities increased their price objective on Enbridge from C$61.00 to C$62.00 in a report on Monday, May 9th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Enbridge has a consensus rating of "Moderate Buy" and an average price target of $58.46.

Enbridge Price Performance

ENB Stock opened at $44.28 on Friday. The stock has a market capitalization of $89.66 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 3.11 and a beta of 0.78. The company's 50-day moving average is $43.20 and its 200-day moving average is $43.86. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.49. Enbridge has a 1 year low of $36.21 and a 1 year high of $47.67.

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

Enbridge Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be given a dividend of $0.668 per share. The ex-dividend date is Friday, August 12th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 6.03%. Enbridge's dividend payout ratio (DPR) is presently 140.00%.

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ENB Stock News Headlines

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.
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.
Enbridge Inc. (NYSE:ENB) Short Interest Up 54.4% in July
Enbridge (NYSE:ENB) PT Raised to C$57.00
Enbridge's Solar Self-Power Projects Charging Forward
Enbridge (ENB) Q2 2022 Earnings Call Transcript
Enbridge Target of Unusually High Options Trading (NYSE:ENB)
A Preview Of Enbridge's Earnings - Benzinga
US Capital Advisors Lowers Enbridge (NYSE:ENB) to Hold
See More Headlines
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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
Today
8/12/2022
Ex-Dividend for 9/1 Dividend
8/12/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
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
+34.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
14 Analysts

Profitability

Net Income
$4.94 billion
Pretax Margin
13.10%

Debt

Sales & Book Value

Annual Sales
$37.55 billion
Cash Flow
$3.66 per share
Book Value
$22.32 per share

Miscellaneous

Outstanding Shares
2,024,790,000
Free Float
2,016,283,000
Market Cap
$87.84 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













ENB Stock - Frequently Asked Questions

Should I buy or sell Enbridge stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last year. There are currently 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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 Wall Street analysts have issued 12 month target prices for Enbridge's shares. Their ENB share price forecasts range from $43.00 to $67.00. On average, they anticipate the company's share price to reach $58.46 in the next year. This suggests a possible upside of 32.0% 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 stock has increased by 13.3% and is now trading at $44.28.
View the best growth stocks for 2022 here
.

Are investors shorting Enbridge?

Enbridge saw a increase in short interest during the month of 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 trading volume, of 3,740,000 shares, the short-interest ratio is presently 10.6 days. Approximately 2.0% of the company's 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) issued its quarterly earnings data on Friday, July, 29th. The pipeline company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.10. Enbridge had a trailing twelve-month return on equity of 10.46% and a net margin of 9.98%. During the same period last year, the firm posted $0.55 EPS.

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

Enbridge announced a quarterly dividend on Tuesday, July 26th. Investors of record on Monday, August 15th will be paid a dividend of $0.668 per share on Thursday, September 1st. This represents a $2.67 annualized dividend and a dividend yield of 6.03%. 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 6.06%. 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 Deutsche Bank AG (2.08%), TD Asset Management Inc. (1.41%), Bank of Nova Scotia (1.23%), Mackenzie Financial Corp (0.94%), Clearbridge Investments LLC (0.74%) and Toronto Dominion Bank (0.69%).
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 $44.28.

How much money does Enbridge make?

Enbridge (NYSE:ENB) has a market capitalization of $89.66 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 8/12/2022 by MarketBeat.com Staff

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