TSE:ENB

Enbridge (ENB.TO)

69.32
-0.38 (0.55%)
as of Sep 4, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconSep 5, 2026, 12:00 am

This 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.

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Consensus
Hold
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Valuation
Fair Value
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Similar
TRP
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.
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.
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