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TSE:ENB

Enbridge (ENB) Stock Price, News & Analysis

C$46.53
-0.54 (-1.15%)
(As of 04:29 PM ET)
Today's Range
C$46.36
C$47.32
50-Day Range
C$45.14
C$48.95
52-Week Range
C$42.75
C$54.05
Volume
9.26 million shs
Average Volume
6.70 million shs
Market Capitalization
C$99.11 billion
P/E Ratio
16.38
Dividend Yield
7.87%
Price Target
C$53.65

Enbridge MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
15.6% Upside
C$53.65 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.13mentions of Enbridge in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
C$2,055 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.07 out of 5 stars

ENB stock logo

About Enbridge Stock (TSE:ENB)

Enbridge Inc., together with its subsidiaries, 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 activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, waste heat recovery, and transmission assets in North America. The Energy Services segment provides physical commodity marketing and logistical services to refiners, producers, and other customers 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.

ENB Stock Price History

ENB Stock News Headlines

AI “wealth window” is closing soon!
Today, I’m making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry.
AI “wealth window” is closing soon!
Today, I’m making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry.
Closing Bell: Enbridge Pr down on Monday (ENB-PR-A)
Enbridge: Vast Upside Potential And Compelling Yield
See More Headlines
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Company Calendar

Last Earnings
2/09/2024
Ex-Dividend for 3/1 Dividend
2/14/2024
Dividend Payable
3/01/2024
Today
4/15/2024
Next Earnings (Confirmed)
5/10/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas Midstream
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
11,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$53.65
High Stock Price Target
C$63.00
Low Stock Price Target
C$50.00
Potential Upside/Downside
+15.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
12 Analysts

Profitability

Net Income
C$5.84 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$43.65 billion
Cash Flow
C$0.49 per share
Book Value
C$25.71 per share

Miscellaneous

Outstanding Shares
2,130,000,000
Free Float
N/A
Market Cap
C$98.87 billion
Optionable
Not Optionable
Beta
0.89
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Key Executives

  • Mr. Gregory Lorne Ebel (Age 60)
    President, CEO & Director
    Comp: $6.44M
  • Mr. Patrick Robert Murray (Age 48)
    Executive VP & CFO
    Comp: $1.47M
  • Mr. Colin Kenneth Gruending (Age 54)
    Executive VP & President of Liquids Pipelines
    Comp: $2.39M
  • Ms. Cynthia Lynn Hansen (Age 59)
    Executive VP and President of Gas Transmission & Midstream
    Comp: $2.31M
  • Mr. Matthew A. Akman (Age 56)
    Executive VP of Corporate Strategy & President of Power
    Comp: $1.28M
  • Mr. David Wayne Bryson (Age 57)
    Senior Vice President of Operations, Engineering & Liquids Pipelines
  • Ms. Melissa M. LaForge (Age 38)
    Senior VP & Chief Accounting Officer
  • Mr. Bhushan N. Ivaturi
    Senior VP & Chief Information Officer
  • Ms. Laura J. Buss Sayavedra (Age 57)
    Senior VP of Safety, Projects & Chief Administrative Officer
  • Ms. Rebecca Morley CFA (Age 44)
    Director of Investor Relations

Should I Buy Enbridge Stock? ENB Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Enbridge Inc.:

  • Enbridge's stock price has shown resilience during market downturns, providing stability for investors.
  • Enbridge has a strong track record of consistent dividend payments, making it an attractive option for income-focused investors.
  • Recent developments indicate favorable regulatory decisions that support Enbridge's operations and growth prospects.
  • Enbridge's strategic investments in renewable energy projects position the company well for the transition to a greener economy.
  • Enbridge's diversified business model across multiple energy sectors helps mitigate risks associated with fluctuations in specific markets.

Cons

Investors should be bearish about investing in Enbridge Inc. for these reasons:

  • Uncertainties surrounding environmental regulations could impact Enbridge's future projects and profitability.
  • Dependency on oil and gas transportation exposes Enbridge to risks associated with commodity price volatility.
  • Legal challenges related to pipeline operations, such as the recent court orders, could lead to operational disruptions and financial penalties.
  • Potential changes in government policies regarding energy infrastructure could affect Enbridge's long-term growth prospects.
  • Market competition and technological advancements in the energy sector may pose challenges to Enbridge's market position and profitability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Enbridge pros and cons to contact@marketbeat.com.

ENB Stock Analysis - Frequently Asked Questions

Should I buy or sell Enbridge stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ENB shares.
View ENB analyst ratings
or view top-rated stocks.

What is Enbridge's stock price target for 2024?

12 Wall Street research analysts have issued 1-year target prices for Enbridge's shares. Their ENB share price targets range from C$50.00 to C$63.00. On average, they anticipate the company's stock price to reach C$53.65 in the next twelve months. This suggests a possible upside of 15.6% 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 2024?

Enbridge's stock was trading at C$47.70 at the start of the year. Since then, ENB shares have decreased by 2.7% and is now trading at C$46.42.
View the best growth stocks for 2024 here
.

When is Enbridge's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024.
View our ENB earnings forecast
.

How were Enbridge's earnings last quarter?

Enbridge Inc. (TSE:ENB) posted its quarterly earnings data on Friday, February, 9th. The company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by $0.04. The company earned $11.30 billion during the quarter, compared to the consensus estimate of $12.99 billion. Enbridge had a net margin of 14.18% and a trailing twelve-month return on equity of 9.47%.

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

Enbridge declared a quarterly dividend on Wednesday, February 14th. Investors of record on Friday, March 1st will be given a dividend of 0.915 per share on Friday, March 1st. This represents a $3.66 annualized dividend and a dividend yield of 7.88%. The ex-dividend date is Wednesday, February 14th. This is a positive change from the stock's previous quarterly dividend of C$0.89.
Read our dividend analysis for ENB
.

Is Enbridge a good dividend stock?

Enbridge (TSE:ENB) pays an annual dividend of C$3.66 per share and currently has a dividend yield of 7.78%. ENB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 128.87%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for ENB.

What other stocks do shareholders of Enbridge own?

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).

How do I buy shares of Enbridge?

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.
Compare Top Brokerages Here.

This page (TSE:ENB) was last updated on 4/15/2024 by MarketBeat.com Staff

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