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TSE:ENB

Enbridge - ENB Stock Forecast, Price & News

C$55.13
-0.42 (-0.76%)
(As of 08/15/2022 02:39 PM ET)
Add
Compare
Today's Range
C$54.82
C$55.31
50-Day Range
C$52.71
C$59.55
52-Week Range
C$46.88
C$59.69
Volume
5.10 million shs
Average Volume
9.63 million shs
Market Capitalization
C$111.63 billion
P/E Ratio
22.88
Dividend Yield
6.19%
Price Target
C$58.83
ENB stock logo

About Enbridge (TSE: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.

Analyst Ratings Changes

A number of research firms have recently issued reports on ENB. Raymond James lifted their price objective on shares of Enbridge from C$55.00 to C$57.00 and gave the company a "market perform" rating in a research note on Tuesday, August 2nd. Scotiabank lifted their price objective on shares of Enbridge from C$58.00 to C$62.00 in a research note on Tuesday, April 19th. CSFB dropped their price objective on shares of Enbridge from C$62.00 to C$58.00 in a research note on Friday, July 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Enbridge from C$61.00 to C$62.00 in a research note on Wednesday, May 25th. Finally, National Bankshares lifted their price target on shares of Enbridge from C$60.00 to C$61.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 2nd. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Enbridge presently has a consensus rating of "Moderate Buy" and an average price target of C$58.83.

Enbridge Price Performance

Enbridge stock traded down C$0.33 during midday trading on Monday, hitting C$55.22. The company's stock had a trading volume of 3,670,959 shares, compared to its average volume of 9,619,791. The stock's 50-day moving average price is C$55.46 and its 200-day moving average price is C$56.09. The company has a quick ratio of 0.46, a current ratio of 0.58 and a debt-to-equity ratio of 122.20. The company has a market capitalization of C$111.81 billion and a PE ratio of 23.05. Enbridge has a 12 month low of C$46.88 and a 12 month high of C$59.69.

Enbridge (TSE:ENB - Get Rating) (NYSE:ENB) last posted its quarterly earnings data on Friday, July 29th. The company reported C$0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.72 by C($0.05). The business had revenue of C$13.22 billion during the quarter. Analysts anticipate that Enbridge will post 3.0799999 earnings per share for the current fiscal year.

Enbridge Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be paid a dividend of $0.86 per share. The ex-dividend date is Friday, August 12th. This represents a $3.44 annualized dividend and a yield of 6.23%. Enbridge's dividend payout ratio (DPR) is presently 140.66%.

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ENB Stock News Headlines

UBS Group Increases Enbridge (TSE:ENB) Price Target to C$63.00
Copper Exploration Heating Up
Canada is already known as a miner's paradise. But British Columbia (BC) is quietly becoming the new copper hotspot. That's because copper is critical to the world's shift to renewable energy. Biden earmarked $226 billion in new infrastructure projects all requiring copper.
Raymond James Boosts Enbridge (TSE:ENB) Price Target to C$57.00
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing
The White House is scared of our country's lithium supply running out. That's why Biden issued executive order 14017 to figure out how to expand our lithium production. And this is GREAT news for one company who's gobbling up land in the lithium-rich Nevada desert.
Enbridge (TSE:ENB) Given New C$61.00 Price Target at CIBC
Enbridge: Q2 Earnings Snapshot
Enbridge takes 30% stake in Woodfibre LNG project
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
Ex-Dividend for 9/1 Dividend
8/12/2022
Today
8/15/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
11/04/2022

Industry, Sector and Symbol

Industry
Oil & Gas Midstream
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
10,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$58.83
High Stock Price Forecast
C$65.00
Low Stock Price Forecast
C$53.00
Forecasted Upside/Downside
+6.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
18 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$52.30 billion
Cash Flow
C$0.68 per share
Book Value
C$27.25 per share

Miscellaneous

Outstanding Shares
2,024,789,000
Free Float
N/A
Market Cap
C$111.63 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Al Monaco (Age 62)
    Pres, CEO & Director
    Comp: $6.34M
  • Mr. Dai-Chung Yu (Age 55)
    Exec. VP of Corp. Devel. & CFO
    Comp: $1.78M
  • Mr. Robert R. Rooney Q.C. (Age 65)
    LLB, QC, Exec. VP & Chief Legal Officer
    Comp: $1.45M
  • Mr. Colin Kenneth Gruending (Age 52)
    Exec. VP & Pres of Liquids Pipelines
    Comp: $1.74M
  • Ms. Cynthia Lynn Hansen (Age 57)
    Exec. VP and Pres of Gas Transmission & Midstream
    Comp: $1.33M
  • 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?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last twelve months. There are currently 8 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street 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?

18 Wall Street analysts have issued 1-year price targets for Enbridge's shares. Their ENB share price forecasts range from C$53.00 to C$65.00. On average, they expect the company's share price to reach C$58.83 in the next year. This suggests a possible upside of 6.5% 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 C$49.41 at the start of the year. Since then, ENB stock has increased by 11.8% and is now trading at C$55.22.
View the best growth stocks for 2022 here
.

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. (TSE:ENB) posted its quarterly earnings results on Friday, July, 29th. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.72 by $0.05. The company earned $13.22 billion during the quarter.

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

Enbridge declared a quarterly dividend on Tuesday, July 26th. Investors of record on Monday, August 15th will be given a dividend of 0.86 per share on Thursday, September 1st. This represents a $3.44 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date of this dividend is Friday, August 12th.
Read our dividend analysis for ENB
.

Is Enbridge a good dividend stock?

Enbridge (TSE:ENB) pays an annual dividend of C$3.39 per share and currently has a dividend yield of 6.19%. ENB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 140.66%. 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).

What is Enbridge's stock symbol?

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

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.

What is Enbridge's stock price today?

One share of ENB stock can currently be purchased for approximately C$55.22.

How much money does Enbridge make?

Enbridge (TSE:ENB) has a market capitalization of C$111.81 billion and generates C$52.30 billion in revenue each year.

How many employees does Enbridge have?

The company employs 10,900 workers across the globe.

How can I contact Enbridge?

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.

This page (TSE:ENB) was last updated on 8/15/2022 by MarketBeat.com Staff

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