TSE:ENB

Enbridge (ENB.TO)

71.74
-0.11 (0.15%)
as of Aug 12, 2026, 8:00:00 pm Market Open.
2692 watching
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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
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)
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.
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