Enbridge - ENB Stock Forecast, Price & News

6 Wall Street 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 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.
View ENB analyst ratings or view top-rated stocks.

6 equities research analysts have issued 1-year target prices for Enbridge's shares. Their ENB share price forecasts range from $56.00 to $65.00. On average, they predict the company's share price to reach $60.22 in the next year. This suggests a possible upside of 45.9% from the stock's current price.
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Enbridge's stock was trading at $39.08 at the beginning of the year. Since then, ENB stock has increased by 5.7% and is now trading at $41.29.
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Enbridge saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 107,610,000 shares, an increase of 40.7% from the October 31st total of 76,500,000 shares. Based on an average daily trading volume, of 3,610,000 shares, the days-to-cover ratio is presently 29.8 days. Approximately 5.3% of the company's stock are sold short.
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 Inc. (NYSE:ENB) announced its quarterly earnings data on Friday, November, 5th. The pipeline company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The pipeline company had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $9.68 billion. Enbridge had a trailing twelve-month return on equity of 10.60% and a net margin of 11.07%. During the same period in the previous year, the company earned $0.36 EPS.

Enbridge declared a quarterly dividend on Friday, February 11th. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.631 per share on Thursday, December 1st. This represents a $2.52 annualized dividend and a yield of 6.11%. The ex-dividend date is Monday, November 14th.
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 6.34%. ENB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 112.61% 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 updated its FY23 earnings guidance on Wednesday, November, 30th. The company provided EPS 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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (3.62%), TD Asset Management Inc. (1.45%), The Manufacturers Life Insurance Company (1.00%), Mackenzie Financial Corp (0.94%), CIBC Asset Management Inc (0.91%) and Toronto Dominion Bank (0.79%).
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 $41.29.

Enbridge (NYSE:ENB) has a market capitalization of $83.60 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.