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 4, 2026, 12:00 am

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

Enbridge Inc. (ENB) is regarded as a strong player in the energy infrastructure sector, benefiting from consistent oil volumes and long-term oil contracts. Experts appreciate its robust dividend yield, currently around 5-6%, which has seen steady growth over time. The company is viewed positively for its reliable cash flows and management. There are concerns about its valuation, as some analysts note it trades at higher price-to-earnings (PE) ratios, suggesting a balance between growth and defensive stability. Despite competition from other securities and potential market volatility, many see it as a solid long-term hold given ongoing energy demand and strategic expansion initiatives.

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Consensus
Positive
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Valuation
Fair Value
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Similar
TRP
TOP PICK
Downside target was $37.25. This yields 7.5% which isn't quite covered, which they're partially paying out of their cash flow. However, this is cheap and you can't miss with this. As a utility, their earnings will hold. (Analysts’ price target is $57.26)
TOP PICK
It is a utility stock, a pipeline. It distributes to local people in parts of Southern Ontario. It delivers energy products and is being slammed with other energy stocks. He does not find it makes any sense. Today it is yielding 8.5%. In the long run it is going to be good. They raise their dividend every year. (Analysts’ price target is $57.95)
COMMENT

Energy stocks? Right now stick to the large, liquid energy stocks. There is growing concern of counter-party credit exposure within the mid-stream and pipeline space. He recommends ENB-T and TRP-T for pipelines and SU-T and CNQ-T for producers, if you want to own any energy stocks. SU-T yield is 7.2%, while CNQ-T is 8.4%. CNQ-T is probably still showing positive cash flow, even at these oil price levels. You may still lose money, but it will be much less than a smaller player.

PARTIAL BUY

Payout ratio is 70% and stable. Dividend is 7.6%. Way cheaper than TRP. Fixed the balance sheet. Pretty attractive here. Start building some positions. Decent growth rate if Lines 3 and 5 come on.

BUY
He sold off yesterday during the oil crash, but that doesn't make sense, because ENB doesn't have much oil exposure. The pullback was emotional, but now it's a good entry points. Pays over a 6% dividend. Line 3 is a catalyst which will boost their pipeline capacity. Productive assets will generate buybacks and cash flow.
DON'T BUY
It has more debt. It will continue to pay its dividend and hopefully will pay off some of its debt. He does not like the energy patch. There are so many better companies around the world.
PAST TOP PICK
(A Top Pick Feb 22/19, Up 13%) Long-term hold. Attractive dividend that will grow. Nice core Canadian business. If you don't have it, you should get it.
COMMENT
Sold because their gaslines blew up, though analysts recommend ENB. Yes, pipelines occasionally split, leak or blow up, so if you can't stand this operational risk, don't buy ENB. But ENB has been a market mainstay. All pipeline stocks will benefit from the rate cut, and you're paid a healthy, safe dividend.
PAST TOP PICK
(A Top Pick Jan 09/19, Up 22%) His biggest holding. Momentum was building starting in late-2018, plus Minnesota approving line 3 earlier this year. That's good news. They just raised dividends again for the 25th straight time.
PAST TOP PICK
(A Top Pick Nov 28/19, Up 2%) Good, solid company. Impossible to get new pipelines built. ENB is the largest oil pipeline in North America. Its assets will become more valuable over time. Good buying opportunity.
PAST TOP PICK
(A Top Pick Jan 16/20, Down 4%) He owns this in their income platform. It has a U-shape pattern that broke out recently and is testing it. It's good for income investors still.
PAST TOP PICK
(A Top Pick Apr 16/19, Up 18%) He likes Enbridge, and most pipelines and utilities. Anything with solid infrastructure will have earnings and will pass through inflationary costs. He's never questioned the dividends. A solid company.
BUY
It's become the poster child for yield and will continue to provide that at 6%. ENB's stock price should also move up. Great for income.
PARTIAL BUY
They've re-focussed internationally beyond Canada, and they can expand existing pipelines, which are a little easier (getting permission) to build than brand-new ones. He's added to this recently. You can nibble into it now over, say, three weeks in three tranches.
COMMENT
The dividend is terrific. Many other companies in the space have ways of raising dividends but Enbridge hasn't been covering its dividends for years. It looks like they are finally getting to cover their dividend. However, guidance was not optimistic.
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