Enbridge - ENB Stock Forecast, Price & News

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.
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14 Wall Street research analysts have issued twelve-month price targets for Enbridge's stock. 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 34.4% from the stock's current price.
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Enbridge's stock was trading at $39.08 at the beginning of 2022. Since then, ENB shares have increased by 11.3% and is now trading at $43.51.
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Enbridge saw a increase in short interest in 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 volume of 3,740,000 shares, the days-to-cover ratio is presently 10.6 days. Currently, 2.0% of the company's stock are short sold.
View Enbridge's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our ENB earnings forecast.

Enbridge Inc. (NYSE:ENB) announced its earnings results on Friday, July, 29th. The pipeline company reported $0.67 EPS for the quarter, beating analysts' consensus estimates 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 quarter last year, the firm posted $0.55 earnings per share.

Enbridge declared 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 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date of this dividend is Friday, August 12th.
Read our dividend analysis for ENB.

Enbridge (NYSE:ENB) pays an annual dividend of $2.66 per share and currently has a dividend yield of 6.00%. 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.

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 many different institutional and retail investors. Top institutional shareholders 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.

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 $43.51.

Enbridge (NYSE:ENB) has a market capitalization of $88.10 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.

The company employs 10,900 workers across the globe.

Enbridge was founded in 1949.

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.