Enbridge (ENB) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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.

7 brokers have issued 1 year target prices for Enbridge's stock. Their ENB share price forecasts range from C$52.00 to C$63.00. On average, they predict the company's stock price to reach C$57.36 in the next twelve months. This suggests a possible upside of 17.4% from the stock's current price.
View analysts price targets for ENB or view top-rated stocks among Wall Street analysts.

Enbridge's stock was trading at C$52.92 at the beginning of the year. Since then, ENB stock has decreased by 7.7% and is now trading at C$48.85.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our ENB earnings forecast.

Enbridge declared a quarterly dividend on Wednesday, May 3rd. Stockholders of record on Monday, May 15th will be paid a dividend of 0.89 per share on Thursday, June 1st. This represents a $3.56 annualized dividend and a dividend yield of 7.29%. The ex-dividend date of this dividend is Friday, May 12th. This is an increase from the stock's previous quarterly dividend of C$0.89.
Read our dividend analysis for ENB.

Enbridge (TSE:ENB) pays an annual dividend of C$3.55 per share and currently has a dividend yield of 7.10%. ENB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 300.85%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for ENB.

Based on aggregate information from My MarketBeat watchlists, some companies that other Enbridge investors own include Intact Financial (IFC), Constellation Software (CSU), Alimentation Couche-Tard (ATD.B), Toronto-Dominion Bank (TD), AutoCanada (ACQ), Bank of Nova Scotia (BNS), AbbVie (ABBV), Vermilion Energy (VET), BCE (BCE) and Suncor Energy (SU).

Enbridge trades on the Toronto Stock Exchange (TSX) under the ticker symbol "ENB."

Shares of ENB stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of ENB stock can currently be purchased for approximately C$48.85.

Enbridge (TSE:ENB) has a market capitalization of C$98.68 billion and generates C$50.29 billion in revenue each year. The company earns C$2.40 billion in net income (profit) each year or C$1.18 on an earnings per share basis.

The company employs 10,900 workers across the globe.

Enbridge's mailing address is East Tower-Fifth Avenue Place 200-425 1 St SW, CALGARY, AB T2P 3L8, Canada. The official website for the company is www.enbridge.com. The company can be reached via phone at +1-403-2313900.