TSE:ENB
Enbridge (ENB.TO)
69.32
-0.38 (0.55%)
as of Sep 4, 2026, 8:00:00 pm Market Open.
2692 watching
Financials 
Technical Analysis 0
Investor Insights
Sep 5, 2026, 12:00 amThis 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
Hold
Valuation
Fair Value
Similar
TRP
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.
oilgas pipelines
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.
Ryan BushellOwned
oilgas pipelines
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.
John O'Connell, CFAOwned
oilgas pipelines
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.
Christine PooleOwned
oilgas pipelines
BUY
Consolidation in pipelines coming? No, not likely. There are ENB and Transcanada which dominate this space, plus regional players like Pembina. There was a flurry of M&A three years ago, but he doesn't see that appetite now. ENB has been shaking off non-core assets to reduce debt and strengthen their balance sheet. ENB is recession-resilient. Today, they finally got approval to reopen their line in Michigan. Expect modest organic growth in their gas business. Their renewables are small, but growth and are important for the future--pay attention to this. Finally, the biggest catalyst is the line 3 replacement. Pays a 7.8% yield.
Brian MaddenOwned
oilgas pipelines
COMMENT
Tremendous assets, but a mountain of debt. They benefit from low interest rates. But the dividend around 8% indicates the market is dubious. Will go quite a long way before they cut the dividend. It's a business that we all need, whether there's Covid or not. Impossible to build new pipelines, so existing ones are valuable.
oilgas pipelines
HOLD
Oil and gas are undervalued, as the world as a whole is moving on from that sector. But the commodity will still be used, and so ENB should have sustainable earnings. Biggest thing is where are they going to get their growth from? Likes the company, especially for income investment, but growth is questionable as it's so hard to get new approvals.
Cole KachurOwned
oilgas pipelines
WEAK BUY
They're trying to complete the Line 3 pipeline, but are awaiting a court decision in Minnesota and face a US election. Line 3 should be approved. The base company is still a necessity, supplying oil and gas to Ontario. You might get stock appreciation to the $50s, but don't count on it. The 7% dividend is solid however.
Ryan BushellOwned
oilgas pipelines
BUY
Pays a 7.5% yield that's safe. True, the stock hasn't moved lately, but you're paid to wait. Trades at a higher free cash yield than peers. Balance sheet is getting much better. 70% payout ratio, so yield is fine. The only risk is line 3 and 5, which may or may not happen. The stock will do well if they don't get those lines going.
oilgas pipelines
PAST TOP PICK
(A Top Pick Jul 12/19, Up 0%) Still owns it. Most growth among the pipelines. Good recent quarter, and reiterated dividend and earnings growth. A good entry point today, down $1.50 from $45.
Bruce Campbell (1)Owned
oilgas pipelines
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.
Christine PooleOwned
oilgas pipelines
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)
Brian MaddenOwned
oilgas pipelines
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.
oilgas pipelines
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