TSE:ENB

Enbridge (ENB.TO)

69.32
-0.38 (0.55%)
as of Sep 4, 2026, 8:00:00 pm Market Open.
2692 watching
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Investor Insights
star iconSep 6, 2026, 12:00 am

This summary was created by AI, based on 38 opinions in the last 12 months.

Enbridge (ENB) is viewed positively among experts, recognized for its stability and consistent dividend payments, currently around 5%. Many analysts appreciate the company's strong management and disciplined financial practices, highlighting its potential for modest EBITDA growth of approximately 5% yearly. Despite being a blue-chip company with a significant pipeline infrastructure, there are concerns regarding its capital intensity and relatively high debt levels. The stock's performance can be affected by market conditions, particularly fluctuations in long bond yields and oil prices, which may pose challenges for valuation. Overall, while some experts express caution about the potential for price declines, ENB remains a solid choice for those prioritizing income over growth in their investment strategy.

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Consensus
Positive
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Valuation
Fair Value
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Similar
PPL
HOLD
This is a solid company. Will be increasing flow rates on their major pipelines. This is a well run company. If you own it, he would hold it. Or would buy on weakness.
BUY
Does it matter if you buy it on the Canadian or US dollars? - The price is the same and if the currency moves is a wash. It is simple for your taxes to buy it in CAD if you are Canadian resident. The need fro the pipelines is there. Has a lot of debt. You make 6% dividend and 5% - 10% appreciation. A decent play with not a lot of risk.
STRONG BUY

He really likes it. He created ENS-T, which is a leveraged version of ENB-T. Enbridge is one of his biggest holdings at his firm because of its dividend and stability. In a recession it should not be as volatile as it was in past recessions.

HOLD
It's a hold. Interest rate sensitives have done well. Line 3 pushed back is an issue. Dividend may need to be cut back a bit. Existing pipelines have become more valuable. Moving from fee-based to take or pay, so this increases value for shareholders.
PAST TOP PICK
(A Top Pick Apr 26/18, Up 40%) He liked the 7.5% yield at the time. He continues to hold it and sees further runway ahead. Yield 6%
BUY
She likes it. Dividend is under 6% and it will continue to grow. They bought Spectra to expand their presence to America and into natural gas, but they took on debt. So they issued various equity and sold non-core assets and streamlined their corporate structure. Their line 3 was approved last year, but has since been delayed to end-2020. This would double their capacity in western Canada. Their debt and balance sheet are much better now.
BUY
They move 62% of Canadian crude into the U.S. and 20% of all natural gas. It has a wide, strong moat. Line 3 will be operating in the near future, though it is delayed. It's cyclical, though, so not for the faint of heart. Has a strong, underlying business. They've done $6 billion in funding moves to support the dividend.
DON'T BUY
Enbridge vs. TC Energy. He'd own TC Energy. They'll both move the same amount. He's shy of Enbridge because their growth strategy was based on something that didn't exist, always issuing equity and hiking dividends. Doesn't like Enbridge.
BUY
They've grown a lot of acquisition in the past 10 years. The last one was synergistic, but ENB took on too much debt, so they've had to divest some operations. Share price is stagnant, though the dividend continues to grow. After two years of deleveraging--and building the Minnesota pipeline--ENB will be in much better shape. So, buy it now.
BUY
ENB has cleaned up its act, getting rid of some assets, cancelled their DRIP and their valuation is still compelling. Various things have lined up now to propel ENB forward. You can hold this for 25 years and do well. ENB is the best in this sector.
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.
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