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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Similar
TRP
BUY
ENB and TC Energy for a TFSA? He owns both. ENB is a top energy infrastructure company that moves crude oil. TC is more focused on natural gas, plus holds utility-like assets. Both grow their dividends and are in a good place as companies wean themselves off Russia and with more infrastructure spending to come. A safe way to own energy, which is through their infrastructure.
BUY
Dividend is safe and they will continue growing it but at a slower pace. Has never cut dividend and has a strong balance sheet. Has a small growing renewable business as well as the gas lines and distribution business.
BUY
He likes it for its growth and yield, but Wall Street doesn't.
TOP PICK
Looking for safety. Share price will hold in even with rising interest rates, given energy fundamentals. Energy infrastructure has become increasingly important recently. Yield is 6.04%. (Analysts’ price target is $57.93)
PAST TOP PICK
(A Top Pick Apr 16/21, Up 29%) Pipelines are underowned. It's hard to build new ones, coveted assets. Opportunity to increase yield. Not as cheap as it was. Sell calls or take some off. Better places for fresh capital. Growth rate slowed to 3%, trades at 17x, which is fair value. Quality name.
TOP PICK
Company moves 62% of Canadian crude shipped to USA, and 18% of natural gas. Very strong balance sheet. USA hungry for Canadian supply energy. A lot of revenue contracted, which decreases risk. Getting premium dividend yield.
SELL ON STRENGTH
More of a trade. EPS is $3.08 for this year, and it pays out $3.45. Model price of $55.20, or -1%. Get out at $59. If we had a major correction, look at buying it again at $43.
BUY
It pays over 6% dividend, though dividend growth has slowed to 3%. A solid business in moving oil through pipelines; the world will use oil for 25 years longer or more. It won't benefit much from the oil price surge, because of existing contracts ENG signed.
PARTIAL SELL
Dividend safe? Company has dialled back dividend growth recently, so payout ratio doesn't get too high. Yield is very healthy. Fairly safe for an RRSP. Short-term risk of open-ended mainline contracting. Latest rally leaves little room for disappointment. Perhaps sell half and diversify to TRP.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The current dividend yield at 6.1%. The current payout is 77% which is a decent ratio. Investors are comfortable with ENB for its historical EBITDA margin expansion. Outlook remains quite positive. Not rapid growth but likely good growth and profitability with a solid dividend yield. Unlock Premium - Try 5i Free

COMMENT
ENB vs. TRP Nice yield, but it's paying out too much. Balance sheet is slipping. Still waiting for US acquisition to produce solid earnings. Shares running up against strong technical resistance of $37. FMV is only 15% higher. Do you hang on and wait, or sell at technical resistance? Flip a coin and choose. As for TRP, it's almost right at 2x book, which is significant technical support/resistance. Which means potential for $86 on the upside, $60 on the downside. Take that coin and flip it again. He's not trying to be cute. Sometimes share direction is in the lap of the gods. If you simply hang on, you'll be all right as you earn a dividend while you wait. Depends on your time horizon and short-term risk tolerance. If you have a long horizon, sit back and enjoy the income, and don't look at the share price every week.
PAST TOP PICK
(A Top Pick Jan 08/21, Up 35%) Really likes, own for income. Resilient business model, very strong cashflows. Still a buy.
TRADE
Received a good research report this morning. He has downgraded from sector outperform to sector perform with slow growth rate. Not buying since there are better choices in energy infrastructure space eg. Pembina, Keyera, Alta Gas.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Sales were $12.47B, which was 7% better than estimates. EPS missed but profit rose with pipeline capacity being good. Nothing noteworthy in the report, business as usual. Trading at 17x earnings which is attractive. Unlock Premium - Try 5i Free

SELL
Six months ago, he moved from ENB to CVE (but sold CVE as it got close to $20). Growing in US, but spending capital to sustain their business. An awful lot of debt. No growth plan. Market's making noises about restricting access to capital. He prefers KEY in the pipeline space, smaller with an easier business model.
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