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
HOLD
Positive regulatory announcements. Reports tomorrow. Dividend is definitely safe, and will be increased in the 10% range for the next couple of years. For a high dividend yield, this is the one. Yield is 5.8%.
BUY
Dividend growth to come? It's one of his larger holdings. He likes the 6% yield. ENB plans to grow the dividend 5-10%. They've enjoyed regulatory approval in pipelines which is an upside. He's chipping away at it. Still likes it.
BUY

ENB-T vs. TRP-T vs. IPL-T. IPL-T has the biggest upside because the price is not reflecting the PDH facility. ENB-T and TC are more stable companies and within those he likes ENB-T because Line 3 will most likely com on line first.

HOLD

Offers growth and 5.8% yield, but the debt-to-operating cash flow is 6x and other metrics are looking stretched. It's enjoyed a great move in the past year. Don't add to it, but hold it and look at telcos like BCE.

BUY
He likes the chart. Most investors were disappointed in this in the last 5 years, but it rebounded in mid-2018. He now likes it. Stick with it.
PAST TOP PICK
(A Top Pick Feb 26/19, Up 16%) They are moving painfully slowly but doing so nonetheless. They deleveraged and sold some core assets. They are spending in the renewable energy sector. He likes it here.
BUY ON WEAKNESS
ENB vs. Aecon He likes ENB. Money managers are hiding in pipelines in the energy space (safe dividends in pipelines). $50 is key. If it falls to $50, add to your holding. $60 is the next support level. A great chart.
HOLD
Payout ratio? Such a hated story about a year ago following the Spectre acquisition and high leverage of debt. They have followed through on both and have increased their dividend. Line 3 is proceeding. You want to own a scarcity asset like this -- no one is building pipelines now. One the best placed to put your money. The payout ratio is a little high, but he continue to believe it is safe. Yield 6%
PAST TOP PICK
(A Top Pick Jan 31/19, Up 20%) It continues to grow its dividend yield, just under 6%, and growing its earnings around 5%. They were in the penalty box trying to develop its pipelines, but most of that is now behind them, and they've paid down some debt. They've simplified their corporate structure. He targets $56 and throw in the dividend for a good gain.
BUY

ENB vs. TC He owns ENB which he has picked before. Hold onto it for a long time and collect the dividend. It's worked through its capex issues. TC has a similar story with cash flow growth, a strong dividend yield and a multiple expansion to come. Infrastructure assets like this are hard to find. Both have stable yields. You can own either.

COMMENT
Carries a lot of debt, so look at the fundamentals, and not only the chart.
TOP PICK
It's showing good momentum, finally popping above problem levels. It also pays a 6% dividend. He targets $60. The chart looks strong. (Analysts’ price target is $55.83)
TOP PICK
Likes the pipelines. It's broken out. Could hit $60. What's not to like? The sector seems to be catching a bid right now. Yield is 6.14% (Analysts’ price target is $55.79)
COMMENT

ENB vs TRP? He does not own any pipeline companies presently. He thinks the dividends of both are safe. He would likely favour buying ENB as they have had more of a retracement in share price. There are still regulatory approvals that are required and the investor space is not looking favorably in this market.

WEAK BUY
From 2016-9, ENB bought a lot of assets to double its earnings as well as outstanding shares, yet free cash flow rose only 10%. Poor capital allocation in the past year. Expects 10% dividend growth. ENB is fine for income and low-volatility investors.
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