TSE:ENB

Enbridge (ENB.TO)

71.72
-0.02 (0.03%)
as of Aug 13, 2026, 3:18:52 pm Market Open.
2692 watching
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Investor Insights
star iconAug 13, 2026, 12:00 am

This summary was created by AI, based on 37 opinions in the last 12 months.

Enbridge (ENB-T) is highly regarded among experts for its strong performance and reliable dividends, currently yielding around 5% and expected to grow. The company operates the largest crude oil pipeline network in North America and is strategically positioned to benefit from rising infrastructure spending in Canada, particularly related to natural gas and LNG exports. Analysts note the strong management and stable cash flows, despite some concerns regarding its exposure to commodity prices. There is general agreement among experts that Enbridge is a solid long-term investment, although opinions vary on its current pricing and growth potential in comparison to peers. Overall, it is viewed as a safer asset within the energy sector, especially for income-focused investors.

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Consensus
Positive
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Valuation
Fair Value
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BUY
ENB has Line 3, which should start coming online next year. Likes it. Attractive dividend, over 8%. Reaffirmed guidance on Friday, encouraging in face of Covid. Long-term contracts, so cashflows are defensible. Would buy it here. Dividend safe, and company confirms its growth.
TOP PICK
A name that's so hated, time to look at it. Great dividend, reasonable balance sheet. Still some growth. Fits the bill if you want a company with not much downside, lots of upside, pays you nicely to wait, a long-term staple, a company that we need. Yield is 8.13%. (Analysts’ price target is $51.08)
PAST TOP PICK
(A Top Pick Nov 13/19, Down 21%) Suffering from commodity cyclicality. Tarring and feathering of perceived non-ESG-friendly businesses. With White House changing hands, Line 3 becomes even more valuable. Yield is safe. Also has a small renewable business. Great company, great entry point, great income while you wait.
BUY ON WEAKNESS
High yield, which is a question about its viability. Business hasn't been impacted by the pandemic. Pivotal whether they can get Line 3 approved in time to stabilize the balance sheet. But with US politics, you can't count on anything. There will be a better day for the shares on the other side of this. He's adding below $40. Yield is around 8%.
BUY
Dividend is safe. Core part of infrastructure. A Biden win would improve the economics of ENB, and there would be potential upside in the stock price.
BUY
The Line 3 replacement in the U.S. enjoyed a favourable ruling recently, getting the last permit (water) to start construction on Nov. 14. Caution: many times, they've gotten the greenlight only to halt at the last minute. He likes ENB.
BUY
An income stock. Yield is about 8%, and thinks the dividend is safe. Payout ratio from operations is around 70%. Anything energy is out of favour. Disconnect between fundamentals and valuation. Attractive here. Reaffirmed cashflow targets for the year. It does have higher debt, but it continues to be investment grade.
TOP PICK
An income play. The dividend is above 8%, but safe. They've sold assets and paid down debt to shore up the balance sheet (after a big acquisition years ago). They have a 7x debt-to-operating cash flow ratio. They move nearly 25% of all oil and gas volumes in North America that will endure. They're volume-, not oil price-sensitive, so won't suffer plunges in the oil price. ENB will see stable growth and will pay you that income. (Analysts’ price target is $52.42)
BUY
Incredibly high dividend of 8.4%, which is sometimes a signal of trouble. Payout ratio pretty stable around 71%. Trading at a compelling 13.3x 2021 PE. Improved balance sheet. Volumes back to pre-Covid levels. Decent 7% EPS growth. Risks on Lines 3 and 5. On balance, nice risk/reward at these levels.
BUY ON WEAKNESS
Utilities are going to do relatively well for the next few years. The problem is the cost of money. If it goes up with inflation, it could hurt interest rate sensitive utilities. As long as interest rates remain low, they should do well.
DON'T BUY
A lot of people own it for the dividend, and the track record until earlier this year has been incredible. They made a number of acquisitions and capital expenditures right before the crisis. The dividend yield is very high and the market is expecting a dividend cut. Management is saying the dividend will continue to grow.
BUY
High dividend, not an outrageous payout ratio, and yet is a regulated utility. He would be surprised to see a cut in its dividend. The dividend should be secure.
HOLD
Below $40, it is an opportunity. The dividend should be safe, with the Line 3 project coming to term, bringing cashflow on a long term basis. Demand long term will probably trend down, but there won't be any new pipelines built. There is still a lot of value and cashflow to be produced.
DON'T BUY

Owns legacy position. Hasn't bought in 10 years. Their program of building, acquiring, boosting the dividend, and then raising money was unsustainable. Concerns about oil volumes they can shoot down the pipes. Their customers are in pain. Massive debt. A challenged company. Yield is about 8.2%. Instead, he'd be in Keyera.

BUY
She owns this Pembina and Enbridge among pipeline. ENB is more defensive since it's the largest transporter of crude oil and natural gas in North America. Over 95% of what they move is under long-term take-or-pay contracts. Their yield is under 8% at a 60% payout ratio, so safe. It maintained its guidance even during the lockdown. It's difficult to build pipelines, but ENB recently enjoyed good news to resume building its line 3, which she expects will get built. ENB offers a solid income flow.
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