TSE:ENB

Enbridge (ENB.TO)

76.70
-0.02 (0.03%)
as of Jul 3, 2026, 8:00:00 pm Market Open.
2691 watching
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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 (ENB) is perceived positively among analysts, with a consistent reputation as a stable and income-generating pipeline company. The stock offers a dividend yield around 5-6%, which is expected to grow steadily, making it an attractive option for income-focused investors. The company benefits from its vast infrastructure, transporting significant volumes of crude oil and natural gas across North America, while also capitalizing on the LNG boom through its terminal in British Columbia. Analysts highlight the strong management team and consistent cash flows, as well as the bullish sentiment surrounding the energy sector's long-term growth potential. However, there are cautionary notes regarding its high valuation metrics and market performance compared to other energy stocks, suggesting a need for thoughtful investment timing.

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Consensus
Positive
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Valuation
Fair Value
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COMMENT
He would prefer ZWU-T, which is a big holding of his, rather than picking individual companies. It yields north of 6%. There is nothing wrong with ENB-T but he prefers to play the broader space.
PAST TOP PICK
(A Top Pick Feb 21/18, Up 21%) At the time he picked this, there was concern about them being able to expand their pipelines, but they have maintained their core business very well. Their buyback of U.S. assets has straightened out the company's business structure. They will regularly raise their dividend in the years to come. This is a core holding.
TOP PICK
small Pays over 5% dividend that'll grow. The line 3 delay is a small hiccup; the stock has already recovered from that announcement. He sees 8-10% annual dividend and earnings growth for 5 years. (Analysts’ price target is $54.45)
WEAK BUY
The recent pipeline delay will delay the project by 6-12 months. Crude by rail will offset this. This will hurt their furture earnings. ENB has paid down their debt through asset sales, so they're in good shape. They've been growing their dividend. His firm has owned this since the 1950s.
HOLD
What happened to ENF-T? It was brought in by the parent. It does not have a lot of growth potential. You get a great dividend. It is difficult to show where growth comes from, however.
HOLD
They just heard that their line 3 will be delayed to end-2020, a big setback. It's a solid utility and he expects line 3 will get built eventually.
BUY
Considering the line 3 delay just announced You can still own this. The line 3 delay surprised him, but he expects it to eventually get going. The delay will not derail ENB. Their dividend is safe.
BUY
TransCanda Pipelines vs Enbridge If you ran a 10 year chart on both of these, you can't tell the difference between them. Everything is pretty equal between these 2 names. Could play a trading game swapping between them both dependant on yield. They will continue to raise their dividends. These are great monopolies across North America. He would own both.
PAST TOP PICK
(A Top Pick Mar 12/18, Up 24%) Last year there were fears of dividend cuts and concerns over funding plans. However, he knew the corporate book value was worth multiples over what the stock was trading at. There has never been more interest in robust infrastructure assets. They have increased the dividend 10%. When Line 3 gets done there will be another bull run.
TOP PICK
A defensive yield play. Canada's largest pipeline, moving two-thirds of all the oil produced out of western Canada and transfer 22% of all the natural gas in North America. They've cleaned up their corporate structure and de-leveraged. They sold $3-4 billion in non-core assets like gas processing plants. They got a permit to build line 3 in Minnesota. They yield 6%. (Analysts’ price target is $54.92)
BUY ON WEAKNESS
It's done very well this year. Pipelines can deliver decent returns. This is a little rich now. He's bullish pipelines long term. Pays a 6% dividend.
TOP PICK
A serial dividend raiser. It had survived a nasty 2017-18 period after the Spectra asset purchase. The balance sheet has been re-balanced. It is very cheap and the assets can not be replaced. Yield 6.1% (Analysts’ price target is $55.59)
BUY
We have seen a choppy sideways consolidation. If we break, out the next key level is $54. He likes the energy patch for this summer.
RISKY
Their last earnings was a beat. Line 3 construction schedule has more flexibility than he thought. Shovels have to be on the ground by June. The name is cheap at 10.5 times 2020 FCF. The only thing is if Line 3 doesn't go through. A year ago he would have said that yes but there is so much opposition. If it does, the stock goes meaningfully higher.
DON'T BUY
Have to do your homework on the DRIP. Doesn't own it because of the debt load, unlike TransCanada. Stock going sideways because need more positive information coming out, such as pipeline approved and debt is being paid down. Otherwise, affects credit rating.
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