TSE:ENB

Enbridge (ENB.TO)

69.32
-0.38 (0.55%)
as of Sep 4, 2026, 8:00:00 pm Market Open.
2692 watching
0
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.

consensus icon
Consensus
Hold
valuation icon
Valuation
Fair Value
review icon
Similar
TRP
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.
HOLD
Wild ride for this stock. It's going to be harder for pipelines to get built, so existing infrastructure should be worth more, not less. Eventually, that will take hold and enable the valuation to expand. Core holding. Try to ignore the headlines. Good dividend, earnings, and cashflow growth to come.
WEAK BUY
Probably do OK, since oil prices are coming back. Paying off debt to a huge degree. Dividend continues to grow. Question mark is what's going to happen if we move to more renewable energy, and that's the risk weighing on the stock. Great income grab, but long-term, keep an eye on it. Could be up against the wall with the new US administration. Yield around 7%.
BUY

It is part of his equity income portfolio. The dividend is very attractive. He is waiting for good quality dividends with great rates. That's why he took a position in Exxon at 9%. With Enbridge, the dividend is around 7.2% which is quite rich. With the dividend tax credit, it is much more attractive than a bond.

Showing 346 to 360 of 1,590 entries