TSE:ENB

Enbridge (ENB.TO)

71.74
-0.11 (0.15%)
as of Aug 12, 2026, 8:00:00 pm Market Open.
2692 watching
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Investor Insights
star iconAug 12, 2026, 12:00 am

This summary was created by AI, based on 37 opinions in the last 12 months.

Enbridge (ENB) is recognized as a leading pipeline company in North America, benefiting from a robust infrastructure and serving a significant portion of energy demand, including both crude oil and natural gas. Analysts note its attractive dividend yield, which hovers around 5%, with a potential for growth aligned with the company's cash flow increase of approximately 5% annually. While some experts express concerns about market volatility and the current geopolitical landscape affecting energy markets, many view ENB as a stable investment option, particularly for those seeking dividend income. The company is also seen as a solid long-term hold, with expectations around growth from its LNG operations and ongoing capital projects. Overall, despite mixed valuations at times, the consensus leans towards a positive outlook for its performance amid increasing demand for energy infrastructure.

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Consensus
Positive
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Valuation
Fair Value
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COMMENT
In response to the price of oil question, seeing oil at $30 a barrel is doubtful and in fact oil could go higher than it is today. Enbridge has a great return given its conservative approach with a 7% dividend and the safety of owning a pipeline in the oil and gas sector.
PAST TOP PICK
(A Top Pick Apr 29/21, Up 20%) Great defensive name and would buy today. Dividend yield 7%. Valuation of 10x times cash flow. Paying out 2/3 of cash flow. Will stick with this company.
HOLD

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The pipeline stock is sensitive to interest rates, which both the Fed and the BoC have announced would go up next year. The company is also influenced by oil prices partly, and this has been a bit weak recently. Unlock Premium - Try 5i Free

COMMENT
It pays a dividend yield over 7%, though was recently downgraded by an analyst who cited lack of growth. Their business is pipelines, but they also heavily invest in solar energy and carbon capture to pivot to green. It hit a new high in November, but shares have recently tumbled along with the price of oil and gas. Today, they held a great investors' day. Worth buying or not?
BUY
A great entry point as they are not making new pipelines anymore. The mainline is not being contracted like they wanted, but he is confident they will find a solution. They could go back to a regulated return business to reduce risk. A good one to hold for dividend growth going forward.
PAST TOP PICK
(A Top Pick Dec 04/20, Up 22%) Underappreciated amongst its peers. Concerns over Line 5, etc. Need for the product is high, hard to believe they'd be shut off. Small dividend increase recently. Premium yield, and he doesn't see any problem maintaining it, but dividend growth might slow down. Yield is over 7%, making it a core holding in an income portfolio.
DON'T BUY
Export facilities in jeopardy? Not a major concern. US needs Canadian oil and gas. Longer term, oil and gas use is declining. Adoption of EVs will increase. ENB will need heavy capex to stay on top of renewables. ENB oil shipments will stay stagnant, difficult to grow dividends at a rapid pace. Capital intensive, slow growth. Yield close to 7%.
BUY
Selloff in mid-streams favours owning them over a producer like CVE. Producers are more commodity exposed, with risks of labour cost inflation and supply chain shortages. He prefers names like ENB, PPL, and TRP with their healthy dividends and less volatility.
BUY
Two negative regulatory decisions recently. Good entry point. December 7 investor day is when they'll outline growth. He expects share buybacks. Good place to be for the long-term investor who wants low volatility. Shares are worth mid-$50s, giving you 10-20% total return with the dividend.
BUY
He has a bias towards Canadian mid-streams right now. ENB and TRP have sold off materially. With Keystone behind TRP, it can focus on the growth ahead. Pipelines are impossible to build now. Existing value will continue to creep up.
BUY
Pembina, Transcanada and Enbridge as a dividend investment over 5 years? He owns all three. They all pay over a 6% dividend on average. ENB is down on the news that the Canadian regulator has rejected the tolling agreement on the main line. He doesn't see this as a huge deal for ENB though; obviously it would be nice to see at least of this contracted. Perhaps they went too hard on the amount of contracting they were seeking. But it's a mess, given the lack of pipeline capacity. Investors need to be focused on LNG in the middle/later part of this decade which will really boost demand for natural gas and its infrastructure; all three companies will participate in this, though ENB the least. ENB has new oil pipeline capacity with their Line 3 replacement strategy completed last month. Compounding the 6% dividend alone means the share doesn't need to perform much to deliver you a good return over 5-10 years.
HOLD
ENB vs. PPL ENB is one of her two core holdings in the pipeline space for the yield at just over 6.5%. She also holds PPL as an income stock; its yield is attractive at just over 6%, and it's safe. PPL should raise the dividend by single digits over the foreseeable future, grow organically, and make acquisitions.
HOLD
You should hang on to it for the dividend yield. Pipelines generally hold up well during recessions, and construction of new pipelines may be coming to an end, so this will benefit that.
COMMENT
Still believes they are a great business with great assets. Yield is strong and there is good growth. These assets are not being built anymore so there is a scarcity view.
HOLD
Very disciplined. Consistent in raising dividend, likely to continue. Allocated capital so it can sustain the dividend. Won't outperform the market, as the market is playing offensive right now, not defensive. Great holding from a risk/reward perspective. Yield is 6%.
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