TSE:ENB

Enbridge (ENB.TO)

71.74
-0.11 (0.15%)
as of Aug 12, 2026, 8:00:00 pm Market Open.
2692 watching
0
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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TRP
HOLD
The most important north-south oil infrastructure in NA. Key now is Line 3 expansion, 90% complete. Share price should grind higher once Line 3 comes online. Still noise on Line 5, and we need stronger political leadership on this. Fewer large projects on the horizon. For takeovers, they may be looking to the US or to renewables to grow that part of their portfolio. Don't give up on critical infrastructure just because of a 3-5 year relatively temporary rise in interest rates. Great long-term investment for the dividend, with just a bit of dividend growth, so keep your expectations reasonable.
COMMENT
Pays a 6.7% dividend. A Waiting For Godot with a wicked stepmother on the side story. ENB has been paying too large dividends, which is pressuring the company's book value in anticipation of good numbers coming from a major acquisition 5 years ago--that's Godot (full of promise, but no payoff yet). Meanwhile, Michigan wants to shut down ENB's line 5 which would wreak havok with Ontario's energy market. So far, ENB has defied Michigan. Which side will Pres. Biden come down on? Downside risk of $41 could be heavy if Michigan wins, but it could pay off by $50 if things work out for ENB.
PAST TOP PICK
(A Top Pick Oct 13/20, Up 33%) There was turbulence with lines 3 and 5 but in the end, they decreased the leverage, and the balance sheet is in far better shape. They are generating decent cash flow. The dividend is up. The valuation is much more reasonable than a few years ago when everyone loved pipeline stocks.
BUY
A great stock. Over the next little while, commodities will continue to perform well. Oil should continue at these levels or just a little lower. Should have a good couple quarters. Pipeline projects might not be approved in the future, so need to make some changes to their model shortly.
PAST TOP PICK
(A Top Pick Aug 04/20, Up 21%) He sold in February, though may have left some money on the table. Challenging to grow, growth pace might get cut in half. Empowered NIMBY obstructionists on both sides of the border. Put profits into opportunities that have done better.
DON'T BUY
Hasn't liked this for a long time. ENB keeps promising dividend increases that their profits can't meet. Equity raises funded those increases, but diluted shares. It yield around 6.7%, around the same as junk bonds. Their business model and dividend growth are unsustainable.
BUY
It has been a great stock for many investors. It has an attractive dividend yield that is safe. He does not think electric vehicles will take over. He thinks there will be yield normalization. He thinks it is a good investment as a dividend proxy. He would buy it for a new client.
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.
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