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TSE:ENB

Enbridge (ENB.TO)

78.88
+0.03 (0.04%)
as of Jun 11, 2026, 8:00:00 pm Market Open.
2692 watching
0
Investor Insights
star iconJun 11, 2026, 12:00 am

This summary was created by AI, based on 39 opinions in the last 12 months.

Enbridge (ENB) is recognized as a leading energy infrastructure company, largely driven by its extensive pipeline network that transports significant volumes of crude oil and natural gas across North America. Experts appreciate its reliable dividend, historically around 5-6%, which is viewed as a sustainable income stream providing growth potential through cash flow generation. The company benefits from the ongoing energy demand and capital spending in the sector, with many analysts highlighting its defensive nature amidst market volatility. While there are mixed opinions about its current valuation and growth prospects, most see it as a solid long-term hold, particularly due to its strategic positioning in the LNG market and the increasing importance of Canadian energy supplies amid geopolitical tensions.

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Consensus
Buy
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Valuation
Fair Value
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TRP
BUY
Bought more during the market panic back in 2020. Feels ENB is more of a utility type stock than an energy stock. The pipelines were in the utility index before. They make their money on volume, not the price of gas. Low risk holding. Get growth when they can build new pipelines. Great yield, just under 7%.
BUY

ENB vs. TRP vs. PPL Likes TRP. Trading below pre-Covid highs, as it's viewed as more defensive. Keystone XL announcement was initially negative, but a relief going forward. Not starved for growth. Lots of capex in development. Market will continue to rerate the stock. He prefers ENB, as its valuation is still at a modest discount, Line 5 is mostly resolved. TRP, PPL, and ENB are all high quality companies that you can't go wrong owning. But ENB is his pick of the three.

TOP PICK
Very difficult to build any new pipelines. Has had low valuations that has gone up a lot. The company should do well over the next 10 years while you get paid to wait. 16x earnings with 6.5% dividend yield. (Analysts’ price target is $65.00)
HOLD
Pretty steady, long-term position. Steady pipeline business, nice dividend. Revenues guaranteed by long-term contracts. Good dividend history. Uncertainty in the near term. Good one to hold long-term in a TFSA.
BUY
He sees excellent value in the shares. He sees a growing dividend. He liked that they reduced the dividend previously and paid down debt.
BUY
There are risks on Line 5 but Line 3 had positive news. You could see the shares move to mid 50s with more risk deleveraging. A good total return proposition.
BUY
Loves energy infrastructure companies. One of his largest positions. Difficult to build or even repair pipelines, so existing infrastructure is very valuable. Long-term trend of fossil fuels is down, but they're not going away anytime soon. Reduced debt. Would add at these levels. Great yield, great business.
DON'T BUY
With line 5 shut down, how safe is the dividend? He prefers the pipelines over the oil producers, because they're one step removed from commodity price fluctuations. They are much better dividend payers out there, though his focus isn't dividends (he prefers companies that reinvest well). He can't speak to the line 5 shut-down, but look at ENB's payout ratio. If that's over 75%, be worried. Also, he sees wildly fluctuating metrics which he doesn't like; he prefers stable metrics.
HOLD
It's possible we'll never see another pipeline built in NA again. But oil and gas companies badly need them, so they'll pay whatever. ENB will be a winner over the long haul. Who knows what will happen in Michigan? Steady growth, steady dividend growth. Slowed dividend growth in favour of paying down debt, and this makes him comfortable.
BUY ON WEAKNESS
Pays nearly 7%, and owns it for income. They increase their dividend annually. Line 5 Michigan is in the news--see how that plays out. It would be difficult to shut down that pipeline which is vital for Michigan, Ontario and Quebec. ENB has had a nice rally along with crude oil, so wait for a dip.
BUY
Line five is in the news a lot. ENB-T is doing all they are required to do according to federal law. The state will have to prove its jurisdiction rights over the federal government. He thinks ENB-T will be able to operate line five for the foreseeable future. A lot of the mid-streamers are at or below where they were before the pandemic even though oil and gas prices are above where they were before the pandemic. It has a pretty secure yield.
COMMENT
Line 5 closure is a big concern. If it happens, it will have a big impact. A clause in legislation does protect Canada. Risk is already priced in. It will get sorted. Balance sheet is stronger. Not too much risk to the dividend.
HOLD
He does not think it would make any sense for their line 5 to be shut down. There may be some noise for a few months. All of this infrastructure is critical to things like airports and gas stations and as people are more able to travel going into the summer. It remains a good long term investment.
PAST TOP PICK
(A Top Pick Mar 12/20, Up 44%) When markets started to collapse last year, they bought more. They bought it when yield was around 7.25%, which is not bad even if the stock didn't go anywhere. Very little risk. Happy to own ENB. Trading like energy stocks and these will do well.
HOLD
Governor is threatening to shut down the line on May 13. A risk, but not sure it's a material one. Don't trade it just on the basis of that. Huge company. A good choice in the sector, but don't allocate a whole lot of money to it. Yield of over 7%.
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