Enbridge (ENB.TO) Buy, Sell or Hold

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Enbridge (ENB.TO)

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78.88

+0.03 (0.04%)

as of Jun 11, 2026, 8:00:00 pm Market Open.

2692 watching

Investor Insights

Jun 11, 2026, 12:00 am

This summary was created by AI, based on 39 opinions in the last 12 months.

Enbridge (ENB) is recognized as a leading energy infrastructure company, largely driven by its extensive pipeline network that transports significant volumes of crude oil and natural gas across North America. Experts appreciate its reliable dividend, historically around 5-6%, which is viewed as a sustainable income stream providing growth potential through cash flow generation. The company benefits from the ongoing energy demand and capital spending in the sector, with many analysts highlighting its defensive nature amidst market volatility. While there are mixed opinions about its current valuation and growth prospects, most see it as a solid long-term hold, particularly due to its strategic positioning in the LNG market and the increasing importance of Canadian energy supplies amid geopolitical tensions.

Consensus

Buy

Valuation

Fair Value

Similar

TRP

BUY

Long term It pays a 7% dividend and it's good long term. They addressed their balance sheet issues and simplified their corporate structure. ENB has a large U.S. and natural gas presence, so it's diversified to oil. It's become difficult to build new pipeline, so their existing pipelines are valuable, moving a lot of crude oil across North America.

TOP PICK

A dividend growth story, not so much acquisition. Their main pipeline moves two-thirds of western oil out of the west, and their line 3 project in Minnesota should be the greenlight after many deadlines. They also move midstream gas, moving 25% of North American natural gas. They own a small, but fast-growing renewable energy business. Enbridge home-heating gas is Stable and profitable. The stock is depressed along with oil prices, but it will come back. Pays a 7.5% dividend, but it's safe based on their balance sheet and ENB hasn't cut its divvy in the past. (Analysts’ price target is $52.34)

DON'T BUY

A company that he is not enthusiastic about. They have a lot of debt, poor performance in assets, and cashflow hasn't changed in the past few years. There is good dividend growth. It would probably do better than cash or bonds. He would look elsewhere for better balance sheets, cashflow and less debt.

COMMENT

It yields around 7%, though there's negativity around their projects. Just seeing an advance on one of their pipelines will change sentiment. He believes their projects will go ahead and that will raise the stock price. Two or three green lights will push the stock to $50.

BUY

Safe dividend? Quite safe. Cash flow is growing and the balance sheet is in much better shape than in past years. Their existing assets are fine. Valuation has plunged from around 25x to around 15x. ENB is not tied to commodity prices, though commodity volume. When you can't get yield from bonds or some stocks, ENB's dividend pays.

HOLD

Likes it. Fantastic dividend of about 8%, which will move around with oil markets. Doesn't think the dividend is in trouble.

COMMENT

Sell Banks for Pipelines? He likes this strategy. Balance the weight between both he suggests. Pipelines are economically sensitive these days, due to their weightings in the energy ETFs. ENB, TRP and PPL have been particularly sensitive. He thinks the valuations warrant investment here.

PAST TOP PICK

(A Top Pick Jul 25/19, Down 1%) He would stay with it and it remains his favorite in the pipeline space. Trades only 8 times cash flow and has a great dividend yield. The negative sentiment right now gives investors a great opportunity now.

BUY ON WEAKNESS

Line 5 issues? They have been in the news a lot lately. An anchor became dislodged on their Eastern portion, but a judge forced an injunction to shut down the western section as well. On Canada Day, the western portion was allowed to reopen. Line 5 is only 2.5% of the companies EBITDA, so it won't make or break the company. But it is just another example of regulatory interference. From a fundamental perspective not a big issue. He is underweight energy, but would be a buyer in a sub-$40 range.

PAST TOP PICK

(A Top Pick Jun 17/19, Down 4%) It is one of his favourites in the group. It is the most miss-understood because they are involved in so many markets. They are well contracted and in a strong liquidity position. He would continue to hold it. He would be surprised to see a dividend cut.

BUY

US pipeline issues? We own ENB and have for a few years. Lower oil prices impacted their business, but they are financially sound. Over 95% of their capacity is contracted. Some lower production out of western Canada may impact short term earnings. Eventually Line 3 will be completed and Line 5 will be refurbished. With a yield above 7%, it is an attractive hold.

BUY

It is down more than you'd expect in a recession, due to the oil price. They reconfirmed their outlook for the year. They have been able to find cost cutting opportunities. He thinks this is the time to buy it. It is a really safe way to take advantage of the recovery.

HOLD

Preferred H shares? The preferreds are yielding about 9%. This was issued at $25 originally with a yield just over 4%. Buying at $11.50 affords the high yield. It will reset in 2023, around 2.5% based on current interest rates (versus the 4% it was originally issued at). If interest rates go up in 2023 the yield will increase, but do investors think rates will be that much higher?

BUY

IPL-T vs. ENB-T. IPL-T is a mid-carrier. It moves between facilities. ENB-T is international and moves between Canada and the US. ENB-T also owns a local gas utility in Southern Ontario. He owns ENB-T because it is a higher quality company and has bigger projects that are somewhat deferred due to environmental assessments. The dividend is stable and was not at risk.

BUY

Target buy and sell price? ENB has one of the highest dividend yields of any Canadian company. He thinks dividend growth may moderate or even pause. There are more hearings on Line 3 and they have been very contentious. He wants to see that resolved with shovels in the ground. At current levels, and assuming we don't have another major down move on oil prices, this could be a good buy here. Their infrastructure can not be replicated. Yield 7%

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