S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
TSE:ENB

Enbridge (ENB) Stock Price, News & Analysis

C$47.19
+0.54 (+1.16%)
(As of 03/1/2024 ET)
Today's Range
C$46.71
C$47.29
50-Day Range
C$45.14
C$49.68
52-Week Range
C$42.75
C$54.05
Volume
9.49 million shs
Average Volume
7.88 million shs
Market Capitalization
C$100.51 billion
P/E Ratio
16.62
Dividend Yield
7.76%
Price Target
C$53.65

Enbridge MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
13.7% Upside
C$53.65 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.72mentions of Enbridge in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
C$635,400 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.

3.73 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

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Turning the Valve on Indigenous Economic Success
Better Buy in 2024: Canadian Utilities Stock vs. Enbridge Stock
ENBRIDGE INC (ENBOF)
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Enbridge: Buy This 7.7% Yield While The Market Is Asleep
Enbridge Books Q4 Earnings Below Forecasts
Enbridge Misses Fourth-Quarter Profit Estimates
Enbridge Logs Profit in 4Q
Preview: Enbridge's Earnings
Why Enbridge (ENB) Might Surprise This Earnings Season
See More Headlines
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Company Calendar

Ex-Dividend for 3/1 Dividend
2/14/2024
Today
3/01/2024
Dividend Payable
3/01/2024
Next Earnings (Estimated)
5/03/2024

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
+13.6%
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$0.50 per share
Book Value
C$25.71 per share

Miscellaneous

Outstanding Shares
2,130,000,000
Free Float
N/A
Market Cap
C$100.62 billion
Optionable
Not Optionable
Beta
0.88
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Key Executives

  • Mr. Gregory Lorne Ebel (Age 60)
    President, CEO & Director
    Comp: $371k
  • Mr. Colin Kenneth Gruending (Age 54)
    Executive VP & President of Liquids Pipelines
    Comp: $1.7M
  • Ms. Cynthia Lynn Hansen (Age 59)
    Executive VP and President of Gas Transmission & Midstream
    Comp: $1.96M
  • Mr. Patrick Robert Murray (Age 48)
    Executive VP & CFO
  • 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
  • Mr. Tyler Wade Robinson
    VP & Chief Compliance Officer

Should I Buy Enbridge Stock? ENB Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Enbridge was last updated on Wednesday, February 21, 2024 at 2:09 PM.

Pros

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

  • Enbridge Inc. has shown consistent growth in its revenue and earnings over the past few quarters, indicating a strong financial performance.
  • The company's diversified business segments, including Liquids Pipelines, Gas Transmission, Renewable Power Generation, and Energy Services, provide a balanced revenue stream and reduce risk exposure.
  • Enbridge Inc.'s strategic investments in renewable power generation assets position the company well in the transition towards clean energy, offering long-term growth potential.
  • Recent developments in the energy sector, such as increasing demand for natural gas and renewable energy sources, present favorable market conditions for Enbridge Inc.'s operations.
  • The current stock price of Enbridge Inc. is trading at an attractive valuation compared to its industry peers, potentially offering a good entry point for investors.

Cons

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

  • Regulatory challenges and environmental concerns surrounding the energy industry could impact Enbridge Inc.'s operations and future growth prospects.
  • The company's heavy reliance on oil and gas infrastructure exposes it to fluctuations in commodity prices and regulatory changes, posing risks to its financial performance.
  • Increasing competition in the energy sector may put pressure on Enbridge Inc.'s market share and margins, affecting its profitability.
  • Volatility in global energy markets and geopolitical uncertainties could introduce instability in Enbridge Inc.'s business operations and financial results.
  • Potential changes in government policies related to energy production and distribution could impact Enbridge Inc.'s long-term growth strategy and profitability.














ENB Stock Analysis - Frequently Asked Questions

Should I buy or sell Enbridge stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last twelve months. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 brokers have issued 12-month price objectives for Enbridge's stock. Their ENB share price targets range from C$50.00 to C$63.00. On average, they expect the company's share price to reach C$53.65 in the next year. This suggests a possible upside of 13.7% 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 1.1% and is now trading at C$47.19.
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 3rd 2024.
View our ENB earnings forecast
.

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

Enbridge announced a quarterly dividend on Wednesday, February 14th. Shareholders of record on Friday, March 1st will be paid a dividend of 0.915 per share on Friday, March 1st. This represents a $3.66 annualized dividend and a yield of 7.76%. The ex-dividend date of this dividend is Wednesday, February 14th. This is an increase 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 7.79%. 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 3/2/2024 by MarketBeat.com Staff