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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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Similar
TRP
BUY

Among his top 5 positions. Penalized by Keystone XL and trend to renewables. Solid company. TRP's stumble with Keystone makes ENB's infrastructure that much more valuable. Lots of growth ahead. Dividend is safe and will grow, as will capital. Oil will be around for a while, plus will need to become more sustainable, mainly by acquisition.

BUY

Risk tolerance Low-volatilty and low-beta, so a safe bet for those with low risk. For higher-risk and higher returns, go for Gibson Energy, Boralex and Northland Power.

TOP PICK
Essential to our way of life. One of the companies that moves oil. Pipelines are very hard to build. A scarce resource that has coveted assets. Has a much better balance sheet, moving to ESG, and line 3 is getting support. Trading at 14.9x PE 2023 with an 8% EPS growth rate. (Analysts’ price target is $52.58)
SHORT
Net short due to overall lagging price momentum and valuation. Good yield but heavy on the debt side and missed on earnings. Expensive at 15x EBITDA. A hedge against other long positions. Yield is quite large and will not be going away.
BUY
ENB vs. TRP Nothing wrong with TRP, except the cancelling of Keystone. TRP is still a fantastic business with great assets, but has underperformed. Fewer pipelines increases the value of those assets. He owns ENB, with its better growth profile.
HOLD
He only owns it in his income accounts now but used to own it in total return accounts. There were better ideas elsewhere. It recovered sharply. They used to be a dynamic grower. Then they goosed that with financial engineering maneuvers. This put off investors and eventually they got unwound. They then made a large acquisition and had to sell a lot of non-core assets. Now their balance sheet is cleaned up and the structure is simplified. They are on good ground for the dividend but he sees them as having difficulty growing. Their last divided increase was historically low, which prevented the stock fully recovering.
BUY

BCE vs. ENB He owns both. BCE pays over 6% and ENB 7% in dividends. These are solid long-term investments. They're mature companies. Dividends and share prices will grow. BCE is a little safer, but ENB offers a bit more of a return, but also risk considering their line 5 battle in the courts.

PAST TOP PICK
(A Top Pick Apr 13/20, Up 23%) A defensive pick. Good balance sheet, pipeline growth. Great dividend. Valuations have dropped. Still has some growth.
BUY

For income investors, pipelines look great. Great dividend. The sector suffered neglect as people chased higher growth areas of the market. He owns ENB, PPL, and TRP. Also consider KEY, which has more exposure to the commodity. Makes a lot of sense for conservative investors.

HOLD
Pipelines are hard to build and they are a scarce asset. Enbridge is cheap. Line 3 seems to be advancing well. Even without it, the price is still good. Risk-reward is very good. You also get paid to wait. Good things will happen over time.
BUY

Canadian pipelines still offer value. We still rely on fossil fuels and will for a long time. Difficulty in building new infrastructure raises the value of existing infrastructure. TRP and ENB can offer good profitability, sizable dividend yields. Prefers ENB, but likes both.

BUY
A core holding of his. Really likes it. He will continue to raise dividends by 6% in coming years, based on new projects on the horizon. It amazes him that ENB always pays a higher yield than its peers. It's well run, though may carry more debt than its peers.
HOLD
Earning support the 7% dividend? This was a core holding 5-10 years in most Canadian portfolios given strong growth prospects in pipelines. Since then, pipelines have become unfashionable; ENB has been delayed in their pipeline expansions in Minnesota and Michigan. But Minnesota has since cleared up and there's a pipeline shortage, so ENB can demand maximum pricing from oil companies to use them. ENB's profitabilility may not catch up to the dividend, but won't hurt the div for likely 20 years. You can hold this. Expect some upside in the coming year.
TOP PICK
Energy is enjoying a rotation into cyclicals and commodities. Pays a 7.5% dividend and offers 5-7% annual earnings growth. This will make you 10-12% a year. ENG actually scores high in ESG, given renewable natural gas, carbon capture and started building their third wind farm in France. He targets $50. (Analysts’ price target is $55.20)
BUY
Very attractively valued right now. Pipeline stocks have been stuck in the same corner as the energy producers when commodity prices collapsed. Infrastructure stocks have since recovered. Dividend is safe, yielding over 7%. Longer term growth may be affected if producers do not grow production. However, the capital projects will insure increasing cashflow for the foreseeable future. Intends to increase dividend with cashflow growth.
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