TSE:ENB

Enbridge (ENB.TO)

76.70
-0.02 (0.03%)
as of Jul 3, 2026, 8:00:00 pm Market Open.
2691 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
He likes it. Line 3 seems to be a never ending thing. He is still modeling 7% growth. Trading cheap enough still. Q4 was a beat. What could hurt here: if bond yields back up.
COMMENT
ENB-T or TRP-T? He owns both pipelines. Today, he would favour TRP-T. He has also been watching PPL-T as well. The space has always been a good investment.
HOLD
They sold some assets last year and cleaned up the corporate structure. The big question is what happens to line 3. Till we see clarity, this will tread water. Then, the stock will rise. But if approval doesn't come, this will fall back to $40. He's nervously holding on.
BUY
It was a darling of the market 5 years ago, but is now having a tough time as people don't like pipelines. Their valuation is now reasonable (it was inflated 5 years ago) though, and it pays a decent 5.9% dividend. It's a safe, steady grower.
DON'T BUY
He was previously bearish on the name. He does not expect significant price appreciation. The dividend is good. He does not feel the recent share price increase is based on positive actions by management, but rather due to interest rate increases slowing. This is really a yield play.
BUY ON WEAKNESS
$46.84 is his target. Earnings have risen, but its payout ratio is high. Buy at $39 as in December.
BUY
There've been fundamental changes with a Minnesota judge halting the line 3 pipeline. ENB has run into a series of local problems that have nothing to do with its central operations. Safe dividend. The stock price will appreciate and earnings will rise.
PAST TOP PICK
(A Top Pick Apr 18/18, Up 30%) The fundamentals were never as bad as the stock price suggested. Dividend growth looks great, helped by lower interest rates. He will continue to hold.
BUY
IPL vs. ENB He likes both and owns four in his portfolio. ENB pays a higher yield at 5.95% and has had a nice rebound. He likes pipelines for cash flow. ENG pays a slightly higher rate of return. There's little risk in buying pipelines, because we're not building them. He prefers ENB.
TOP PICK
Pays a good yield and good for income seekers. (Analysts’ price target is $54.93)
HOLD
It has been bouncing along here. People like predictability. About $48.60 is where people found interest. We are at another level where we will find interest, and we will probably find resistance at $54. It will ride that line. Pipelines have acted well during this time.
PAST TOP PICK
(A Top Pick Mar 01/18, Up 30%) It was thrown out because of debt and rising interest rates. But everything was priced into it. They have long term assets. It is an incredible company. If line 3 gets through it will be incredibly. If it ran up he would trim profits.
TOP PICK
96% of cash flow underpinned by long-term commercial agreements, so ENB is stable. It got regulatory approval of its line 3 project, and has streamline its corporate structure and sale of non-core natural gas processing assets at good prices. Safe 10% annual dividend growth to 2020, with a payout ratio of 65%. Yield of 6%. (Analysts’ price target is $55.64)
WEAK BUY
It has issues with pipelines delays. A big factor is a 6% dividend yield and growing 10% in each of the next couple of years. The street credibility in their ability to raise the dividend is suspect because of debt levels. He feels the stock might drift into the mid $50s in 3-5 years but not everyone on Bay street is convinced they can keep raising dividends like this.
COMMENT
It's not over $50 because of rate hikes over the last 3 years. That all changed starting in 2019. They have a lot of debt. They might raise more equity to try to clean up the balance sheet. If interest rates get cut, ENB should go higher.
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