TSE:ENB

Enbridge (ENB.TO)

71.47
-0.27 (0.38%)
as of Aug 13, 2026, 8:00:00 pm Market Open.
2692 watching
0
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) is widely regarded by experts as a strong investment opportunity due to its robust 4.5% to 5.76% dividend yield and its strategic position as the largest crude oil pipeline network owner in North America. The company appears well-positioned to benefit from anticipated infrastructure growth in Canada, particularly in the energy sector, alongside a significant backlog that should drive cash flow growth. While the stock is perceived as relatively stable and less volatile compared to pure-play oil producers, some analysts express caution regarding its current valuation and the recent surge in share prices. Overall, the sentiment is that ENB offers a solid defensive option with growth prospects, making it an essential part of a diversified investment portfolio, particularly for those seeking dividend income.

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Consensus
Positive
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Valuation
Fair Value
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Similar
TRP
BUY
Will buy more later. Likes their cash flow. $52 target unless there's a liquidity crisis when pension funds suddenly sell.
BUY
Huge recovery so far this year. Line 3 continues to see positive results in hearings, but there are still hearings. They increased the dividend 10%. He's been a long-term holder and continues to add. He likes the dividend growth compounded, the income stream.
BUY
Likes this company, well managed. Doing a lot to make balance sheet understandable. Good future. Billions of dollars of build scheduled over next few years, which will add to cash flow. Target of growing dividend consistently, and he thinks they'll succeed. Wouldn't hesitate to buy.
WATCH
It came back and tested the $40 range. We are trying to get above $45 and we are stuck at resistance. He put in a stop around $44. It will probably drift sideways until the $48 range. He would look to buy at $40 if it pulled back.
BUY
They held it for a couple of years. She would buy now. They decided to sell assets to deleverage their balance sheet. Attractive yield of 6.4% and it is going to grow. All the pipeline got hit with the pullback on the energy price of collapsed even though their business model is very different to the producers.
TOP PICK
His favorite Canadian pick. They have cleaned up the corporate structure and likes the 10% dividend growth. They have over $7 billion in asset sales and this helps reduce leverage. It trades at a discount to its peer group. Line 3 will start filling in June and the US side will fill later this year. This should be a high-$50 stock. Yield 6.5%. (Analysts’ price target is $53.86)
HOLD
Growth or stagnate? Stagnate is the best word. The yield is above 6%, so it's a good stock to hold from an income or dividend growth perspective. Wouldn't have a lot of capital gain expectations. May top up to $46, but not higher in next 3-4 months. Lots of headwinds above the $46-47 level. Support around $41-42.
PAST TOP PICK
(A Top Pick Dec 01/17, Down 7%) It has bounced off its lows. It has a solid dividend that they raised recently and will again next year. It got oversold from fears they would take on too much debt. It is a pretty cheap stock. He likes it and owns it. It survived this market carnage despite having a debt overhang. It is an oligopoly. The bulk of their assets sit in the US.
BUY
The valuation has become a lot more attractive. They did consolidation of ancillary operations and sold off assets to get the debt down. The valuation is reasonable and they are positioned for growth now.
BUY
Likes it. It was a growth stock earlier this decade, but has been rocky the past few years due to huge growth (heavy acquisitions). They've simplified their corporate structure which has pleased the street. They'll grow their dividend 10% in the news two years. He'll buy more at these prices. Quality company.
HOLD
Owns it in his income platform, not the equity platform which is more growth. Buys stuff that pays a good dividend, and looks to be basing. Trapped in a bit of a zone. Could go down if things get really bad, but it looks like a sideways stock. A good buy-and-hold income stock. Yield is 7%.
PAST TOP PICK
(A Top Pick Dec 28/17, Down 7%) He bought more in the spring when it was down. It is down in line with the Canadian market. He thinks it is a good company to own long term.
COMMENT
How does a dividend effect tech analysis? Tech analysis encompasses all knowledge. He marries it with fundamentals and seasonality. The dividend is reflected (asorbed) in the price of a stock. $48.59 was a breakdown in January, and will be a resistance going forward. The next level down is $40.30 where he expects support. $38 is the next level down. It'll trade in the $38-40 range.
DON'T BUY
It is not one he owns or sees a lot of opportunity in. Most investors stop doing due diligence after they see the dividend yield. You lose more on the back end than you make on the dividend. We need more pipelines to be built for them to grow their top line. He stays away because he cannot see where future growth comes from.
DON'T BUY

A company that is an investment banker's Christmas present everyday. They pursued a growth story and sold off assets to finance that growth. A lousy performer. They have destroyed value by boosting dividend. Maybe they turn the whole thing around. Other than financial engineering there is no reason to own this company. Lousy balance sheet. They have grown so much and portfolio managers own so much of it, they need to find new investors and he doesn't think they will find new investors.

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