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
BUY ON WEAKNESS
Starting to see more certainty in the pipelines. They also diversified by making some acquisitions. The dividend is strong and will continue to be there. Could get good returns at a 5 year hold.
BUY ON WEAKNESS
Likes the pipelines, they are essentially utilities. They are under pressure as a sector. The pipelines are safe in the energy sector.
PAST TOP PICK
(A Top Pick Jun 25/18, Up 17%) A needed commodity and the existing infrastructure is very important, as it is difficult to put more pipelines in the ground. The stock is attractive. It's constantly in the news, and there is headwind from environmental groups. They also have more supply than output capacity, so pipelines are full. They are going through a recontracting of the mainline and it should make their earnings more stable with longer term contracts.
DON'T BUY
Pipelines in Canada are stable income earners. ENB-T, however is more indebted than some of their peers. He does not like heavy debt loads. He would prefer a pipeline with less debt. If interest rates ever go up they could cut their dividend.
HOLD
He owns this North American pipeline business. He likes the dividend and thinks they will continue to grow it. Two of their lines are in regulatory delays, but he thinks this will be overcome. A delay of Line 5 would actually become an international incident, he thinks, so it has to go ahead. Yield 6.5%
DON'T BUY

Much-improved balance sheet, but their lines 3 and 5 have troubles. They need line 3 to go through to grow. Line 5 is another headwind. It's okay as a yield proxy--the dividend is fine, but don't expect growth. Pembina and Transcanada are better.

PAST TOP PICK
(A Top Pick Aug 08/18, Up 3%) Quite good value here still. Line 3 and 5 risks will be manageable and should be able to stay on schedule. The company has rebalanced their balance sheet as they said they would. An attractive yield over 6%.
BUY ON WEAKNESS
Average down? Well-run and defensive. It's been pressured lately due to bad press, so now is a good time to buy. Pays a 6.6% dividend.
BUY
IPL-T IPL's valuation is higher than Enbridge's which also has better growth propsects in the U.S., though pipeline issues in the courts which he's confident will get resolved. He plays oil through the pipelines.
WAIT
It's been attracting negative headlines--fatalities in a U.S. pipeline, as well as regulatory delays in line 3 into the U.S., their biggest expansion, and government opposition to replace line 5. Yields about 7%, but it's safe. Once the dark clouds pass about pipelines, the share price will recover.
TOP PICK
He is focused on the dividend yield. They say it will continue to grow. He sees this trading back towards $55 and higher. Yield 6.71%. (Analysts’ price target is $55.66)
COMMENT
ENB has a lot of debt. A year ago, the stock was out of favour and the yield spike to nearly 8%. Fears of debt are unfounded. He'd own it if the debt were lower, but it's a safe, boring (good) stock. The dividend should be safe.
BUY ON WEAKNESS
Buy more now? He is not a fan of Enbridge. The yield is not sustainable as cash flow does not support it. His model price is right around current values. His book value is $33 and that is where he thinks it may be heading. Yield 6.68%
STRONG BUY
One of longest stock that they've had in their portfolio. Had to pay down some debt. Confirmed higher earnings going through 2020-2023. Thinks longer term it's a great company. Attractive dividend and a great story longer term. A good quality company on sale, with an attractive dividend, that has a growth profile to it, with manageable debt levels. He buys at this level and recommends looking into it.
TOP PICK
Energy infrastructure name. Durable cash flow profile. Overhangs are Line 3 and growth. Tremendous value. Defensive business, and you're paid a fantastic dividend to wait. Valuation's still compelling even if there is no growth. Yield is 6.67%. (Analysts’ price target is $54.88)
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