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
PAST TOP PICK
(A Top Pick Dec 04/20, Up 23%) Improving balance sheet and expects them to keep raising dividends, paying well over 6.5% now. It's a great buy for income investors. ENB offers capital appreciation going forward. Line 4 is progressing well.
BUY
Owns it for the safe 7% dividend. In energy, she owns only the pipelines. ENB can keep raising the dividend. ENB has long contracts so there's a safe income stream.
BUY ON WEAKNESS
It's still a fine dividend play, paying over 6%. It's a safe play in your portfolio. Doesn't matter if the Canadian economy sees massive growth next year. It's pricey now, so he'll add to it now.
PAST TOP PICK
(A Top Pick Mar 12/20, Up 54%) It was yielding 7% at the time he bought and new projects would fuel growth. If nothing, he would earn 7%. He was early; the yield eventually hit 9%, but they will increase the dividend every year. He expects line 3 to be completed. They're the biggest pipeline company in North America. A great stock.
SELL ON STRENGTH

Since pipelines are hard to build, but you need pipelines, then the existing ones are more valuable. Has a lot of debt. Does not know the upside to this. It is now at $50, how high can it get? Sold ENB to buy producers instead of pipelines. Cenovus replaced ENB.

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)
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