TSE:ENB

Enbridge (ENB.TO)

76.70
-0.02 (0.03%)
as of Jul 3, 2026, 8:00:00 pm Market Open.
2690 watching
0
Investor Insights
star iconJul 3, 2026, 12:00 am

This summary was created by AI, based on 38 opinions in the last 12 months.

Enbridge (ENB) continues to be viewed positively by numerous experts due to its strong position as a leading pipeline company in North America, which benefits from the flowing demand for fossil fuels. The company pays a competitive dividend, currently over 5%, which has historically been sustainable and is expected to grow steadily. Analysts highlight the company's robust management team and diversified operations in both conventional oil and renewable energy sectors as essential strengths. However, there are concerns regarding its higher valuation metrics relative to earnings, prompting some experts to advise caution in terms of timing purchases, especially after the stock has seen recent gains. Nevertheless, Enbridge's consistent cash flow and long-term growth prospects make it an attractive option for investors seeking income generation in the energy infrastructure space.

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Consensus
Positive
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Valuation
Fair Value
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Similar
TRP
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%
COMMENT

ENB vs TRP? He believes having one of these holdings is key to your portfolio. It is getting harder to put pipe in the ground, so existing assets are valuable. He owns ENB, due to the amount of oil they move and the pricing power they have with tolls.

BUY
Payout ratio of 65%. Very attractive compared to bonds. A reasonable investment opportunity. The dividend appears to be safe. Yield 7.3%
TOP PICK
One of the largest oil and natural gas distributors on the continent. He likes their ability to survive and be resilient through cycles. Each time they have been able to consistently maintain their dividend. It is a lower risk way of playing the oil and gas business. It is a toll business. He thinks the 7% dividend is safe. (Analysts’ price target is $52.70)
BUY
He took a position in ENB back in late-March around its lows. The dividend is attractive. There is some negative news regarding their Line 3 project as it may be coming under renewed review by the US state regulatory body. It looks good here he thinks. He would be a buyer here.
COMMENT

Dividends safe? Regulated businesses stand a better chance to keep dividends whole. BCE and ENB are both regulated entities. Canadian banks have had a history of not cutting dividends, but you never know. It will depend on how long COVID lasts -- if we are still locked down next year, he would be a seller.

PAST TOP PICK
(A Top Pick Jul 25/19, Up 4%) He still owns this and likes to recommend it as Top Pick.
TOP PICK
You get a low risk business model. It has performed well in previous market down turns. It trades at 9 times cash flow with only a 70% payout ratio on the dividend. Yield 7.39% (Analysts’ price target is $52.84)
COMMENT
ALA was just upgraded by his firm. It has 55% of their earnings from regulated utility activities. If you are looking to sleep better at night, ENB has a less risky business model. Their risk is from growth being halted with recent pipeline protests.
TOP PICK
You have to like the yield. They move 25% of natural gas and 10% of all oil in North America, tied in with long term contracts. The earnings are relatively safe. It is an area he likes. They did a pretty good pay down on debt. (Analysts’ price target is $53.48)
BUY
He continues to buy it for new clients. The lower prices hurt the producers but not so much the pipelines. The big pipeline is filled with take or pay contracts with financially strong producers. They also own regulated utilities and the demand for heating homes is inelastic. They tend to grow the dividend every year and he feels they will not cut it this year.
BUY ON WEAKNESS
Buy now? Energy infrastructure companies have a much less certain future than regulated utilities. Energy demand has seen a significant downshift (30%). These companies have come off more and it is justified. He thinks ENB-T will survive this. You will be well served by owning it but you will see more pain on the crude front. We need to average in through the trough
BUY

It is a great buy at this price. Just because the price of crude oil has come down, we will all still need to heat our houses next year and the fuel will get to us through their pipelines. Tremendous yield. It has debt, obviously, but he would not hesitate to buy it. In 2008/9 TRP-T was one of his biggest holdings and it took 15 months for the price to recover.

BUY
It takes nerve to buy anything now, but buy. They got a permit for line 3, which is good. They should see a 5-7% increase in earnings in the next 3-4 years.
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