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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Similar
TRP
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%.
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)
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