TSE:ENB

Enbridge (ENB.TO)

69.32
-0.38 (0.55%)
as of Sep 4, 2026, 8:00:00 pm Market Open.
2692 watching
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Investor Insights
star iconSep 5, 2026, 12:00 am

This summary was created by AI, based on 38 opinions in the last 12 months.

Enbridge (ENB) is viewed as a solid and well-managed company with a strong dividend yield averaging about 5.5%. Experts highlight its financial discipline and long-term growth potential, primarily due to its extensive pipeline network and infrastructure projects in North America. However, the stock faces challenges, including high capital intensity, a fair amount of debt, and competition for investor interest from faster-growing companies. While many analysts point to a steady income story, they express caution about overall valuation and potential for significant growth. The consensus leans towards a steady investment for income rather than growth, emphasizing the need for caution at higher price points given its recent uptick in value.

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Consensus
Hold
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Valuation
Fair Value
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TRP
BUY ON WEAKNESS
Very attractive income stock. Above his buy price. Energy has been so hot this year, so wait to add on pullback. Wonderful business, especially for people looking for income. Yield about 6%.
PAST TOP PICK
(A Top Pick Oct 25/21, Up 11%) In a tough market, a good place to hide out for a year. Dividend scheduled to grow about 5% per year. Sold from his global fund to pursue better opportunities. Still holds in his income fund for the 6% dividend.
BUY
Pembina vs. Enbridge He likes pipelines. They're hard to build in Canada, so the value of existing ones is high. ENB's dividend is tremendous. He really likes it. There was concern that their debt was too high and it their dividend was in danger. It turns out to be safe and it slighter higher than Pembina. ENG has a larger and more diversified customer base. Steady and not volatile for income investors. Not sure if they can raise the dividend during inflation, though.
PAST TOP PICK
(A Top Pick Jul 02/21, Up 23%) Continues to hold stock. Very strong company with excellent assets. Paying ~6% yield that is very durable. Very hard to replicate business model with legacy assets. Services will be valuable with rising energy demand.
HOLD
Impact of higher interest rates? Cleaned up balance sheet. Nice run, so won't be doing the heavy lifting for your portfolio. Macro and Ukraine conflict support building out the resource sector in Canada. Trying to move into renewables. Core holding. More of a seller at these levels. You can be comfortable owning. Lots of deflationary forces, and inflation is not 70s style, so you don't have to worry long term. Yield about 6%.
BUY ON WEAKNESS
Good staple for energy exposure, long-term contracted cashflows. 18x earnings. Somewhere around $50 is a good spot to re-enter. More insulated from oil price volatility over the next 3 months. Yield around 6.5%.
BUY
Sold it, because he wanted to buy oil companies like Whitecap. A great company and dividend yield, which will grow slowly over time. Energy prices will up for 2-3 years. You can hold this only for its dividend.
BUY
ENB vs. PPL He picks ENB, as it's bigger, financially stronger, better diversified, more last-mile downstream exposure. Small, but burgeoning, renewables business could drive a re-rating on the stock as ESG takes a look.
PAST TOP PICK
(A Top Pick May 28/20, Up 41%) The dividend is now close to 6% and they increase it annually. Yes, dull and boring, but you want to own these during corrections. Stable earnings. A top holding of his. Their pipeline network can enable LNG growth, getting natural gas to Europe and Asia. Also, they have talented engineers and infrastructure to transition to cleaner energy in coming years. Will help solve energy insecurity.
BUY
They report Friday. Likes it. Pays a nice yield.
BUY
Still likes it. Extremely well financed, good dividend, strong balance sheet, great free cashflow. Trading at a bit of a discount to competitors. Significant build out in the coming years, which should fuel returns to shareholders. Amongst the top within the group. Solid.
HOLD
2B shares, and an equity market value of 118B, the largest of any company he covers. Debt load is 75B. Line 5 gave them more capacity. New facility on the Gulf Coast, so volumes will increase over time.
PARTIAL BUY
Strong balance sheet, which signals they can sustain their dividend of 5.7%. The stock is overvalued now.
DON'T BUY
Utilities have done well due to defensive nature and exposure to energy. Great yield at 6%. Good price momentum, stable, but valuation is the knock at 20x earnings. Debt. Risk if investors swing away from safety toward energy producers.
BUY
ENB vs. TRP TRP has been under pressure about the dividend. If energy prices remain this high, then it's probably sustainable. Both are a good play right now. He prefers companies with ability to grow dividends. Energy level will continue to be high, as long as sanctions are in place and that will be for a while. TFSA is a good place to own this. Federal budget next week will probably affect the investment sector, but he can't predict how.
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