TSE:ENB

Enbridge (ENB.TO)

71.78
+0.04 (0.06%)
as of Aug 13, 2026, 2:32:23 pm Market Open.
2692 watching
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Investor Insights
star iconAug 13, 2026, 12:00 am

This summary was created by AI, based on 37 opinions in the last 12 months.

Enbridge (ENB-T) is highly regarded among experts for its strong performance and reliable dividends, currently yielding around 5% and expected to grow. The company operates the largest crude oil pipeline network in North America and is strategically positioned to benefit from rising infrastructure spending in Canada, particularly related to natural gas and LNG exports. Analysts note the strong management and stable cash flows, despite some concerns regarding its exposure to commodity prices. There is general agreement among experts that Enbridge is a solid long-term investment, although opinions vary on its current pricing and growth potential in comparison to peers. Overall, it is viewed as a safer asset within the energy sector, especially for income-focused investors.

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Consensus
Positive
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Valuation
Fair Value
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Similar
TC,TRP
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.
BUY ON WEAKNESS
They made some progress with the Minnesota supreme court ruling in their favour over Line 3. ENB is still cheap and he models 6% EPS growth. Their balance sheet was poor a few years ago, but their debt-to-EBITDA is much better. This will be fine, but wait for a better entry point.
BUY

If he was just interested in income, he'd pick IPL. But he's interested in total return, so he owns Enbridge. Both good companies, but concern with IPL was no capital appreciation. Enbridge has continued to grow dividend at 10%. IPL has a huge capital project on the go, which diverts cash from dividend increases and share buybacks. Enbridge getting Line 3 replacement in place would derisk the story. The dividend would then creep down to 5%, which implies a stock price north of $60. (Analysts’ price target is $56.00)

BUY
ENB and Transcanada: own both? Both have done well, both have made larger US acquisitions and both are reducing debt. Both have a good growth profile. Both pay a nice dividend. Happy to own either, but pick just one.
COMMENT

ENB vs IPL? A classic case, where he prefers ENB (due to its growth profile). Getting a higher yield on IPL will be overshadowed by a higher capital return on ENB. He owns ENB.

COMMENT
Enbridge has : They've filed this before and the current press release is a little unclear. Are they refiling, hoping it goes through? They really want longer-term contracts. Won't have any effect on ENB stock (that he owns)
HOLD
Dividend safe? He owns ENB. It was a poor performer for a while, but it seems to be coming their way. Pipelines are getting approval, and Line 3 is beginning to flow in Canada. Michigan is putting up a fight so it may take a while. The dividend was announced to increase by 10% and he believes it is solid. He would have no issue owning it here. Just be aware that a rise in interest rates would hurt them as they trade like a utility.
BUY
They recently announced they are raising the dividend 10% and expanding their existing pipelines. They are expanding so they export their oil at US ports. They are going to do a joint venture in Texas out to a deep sea port to be able to export oil ocean tankers.
PAST TOP PICK
(A Top Pick Feb 22/19, Up 11%) They are doing the right things (paying down debt, dealing with partnership restructuring) and increasing the dividend. It is the second largest term holding they have.
COMMENT
They just raised the dividend by 9% and it is cheap on a free cash yield basis. He models 6% earnings growth. There is still risk with Line 3, but that seems to be working out. A good dividend. He was buying back in around $41.
WEAK BUY
He's added to this. He owns it for the yield and valuation. Pipeline stocks used to trade at 10x earnings with no growth. There's still no growth, but today with zero interest rates, these stock look attractive. In turn, pipelines will get higher valuations of 12x or more operating cash flow. But ENB's dividend last year was more than the total earnings of the company--scary. The balance sheet is stretched. All in all, it's a defensive play that's done well.
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