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
BUY
Fair value is well in excess of $50. Will probably focus on organic growth, not acquisitions. High dividend is sustainable. High quality company in the midstream space. Scrapping Keystone is good for ENB, as it increased demand for its mainline volume.
BUY
It is a big position for him. He likes the balance sheet and they straightened out the issue with line 3 to some degree. You get a great dividend yield while you wait. This is one of the most attractive names in the pipeline sector.
BUY
It has good value here. Free cash yield is 13%. PE is around 13-14x. Growth rate is around 9%. It moves around 25% of oil and natural gas in NA. They are trying to pivot to renewables too. You can expect a nice total return, especially with the dividend.
BUY
It is going through a bit of a change for the best. The company has taken on a lot of debt while raising its dividends at a healthy clip in the past few years. They are reallocating their cashflow to reduce debt and raise dividends at a slower pace. The goal is to strengthen the balance sheet. It will lead to long term earnings and dividend growth. It is well poised to see growth.
BUY
It may have gone down today because the market is viewing all pipeline stocks as a group. Their line 3 was finally approved in Minnesota, so the company is going to start construction to complete this expansion and to have it in service by December of this year. The yield is over 7%.
BUY
Likes them. They confirmed their dividend increase. Debt to EBITDA is reduced to normal levels. They won't make a new purchase, but will ensure that existing assets return 8-10%. You should own this as a mainstay in your portfolio. However, Michigan's governor threatens to shut down ENB's line.
TOP PICK
Favourite within the space. Very inexpensive with a good dividend of almost 8%. Has a reasonable growth profile. Construction for line 3 replacement has started. There is negative sentiment that causes headwinds but the dividend focus is very positive. A defensive play. (Analysts’ price target is $51.91)
TOP PICK
Catalysts right now include Line 3. Not a new line, just refurbishing to be safer. Once finished, stock should retrace higher. Increased dividend, so that's at least 20 years in a row. Dividend is covered plus share appreciation along the way is a good story. Yield is 7.92%. (Analysts’ price target is $51.88)
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Curated by Allan Tong since 2019.
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TOP PICK
Pipeline companies were spared the rout in oil prices last April, but Enbridge continues to battle with Michigan over extending its Line 3.
BUY ON WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. There was a lawsuit that was filed against them which could be reason for the decline. The news is not unusual for the sector. There is little risk for the dividend. Unlock Premium - Try 5i Free

BUY
Their large dividend increases in recent years will slow down, but for good reasons--reduce debt and investing in solar and wind energy (which require more capital upfront and longer payback). Dividend is solid and will increase though modestly. Still a core holding for him.
BUY
Buy during the strong ESG trend Has long owned this, a great Canadian compounder, but the stock has gotten expensive. But it's true the energy world is changing given ESG. Around $40/share, this business keeps doing incrementally better. Hard to walk away from this. ENB is also 50% in distributing natural gas, and has business in hydrogen gas; ENG will be a key player here. He expects ENB to be around for a long time, despite the clean energy ESG movement.
BUY
They re-affirmed they can grow their distributable cash flow about 5-7% in the foreseeable future. They increased their dividend. It is an attractive income stock to buy.
BUY ON WEAKNESS
He owns ENB-T. The issue had been headline risk and over the last couple of months there was headline risk to projects in Michigan. He likes it though, for the dividend. Buy it on a day when it gets hit of possible.
TOP PICK
It is a company that has been underrated in the last couple years. There has been controversy around its projects. They have an extensive capital program ahead of them. Contracted revenues are strong and secure. Dividends remain good and has a history of raises. Currently yielding is almost 8%. (Analysts’ price target is $51.85)
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