S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
Sell every Stock except ONE (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Asian shares mostly rise despite worries about US debt talks
Laser breakthrough could send stock soaring 2,467% (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Laser breakthrough could send stock soaring 2,467% (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain
S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
Sell every Stock except ONE (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Asian shares mostly rise despite worries about US debt talks
Laser breakthrough could send stock soaring 2,467% (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Laser breakthrough could send stock soaring 2,467% (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain
S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
Sell every Stock except ONE (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Asian shares mostly rise despite worries about US debt talks
Laser breakthrough could send stock soaring 2,467% (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Laser breakthrough could send stock soaring 2,467% (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain
S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
Sell every Stock except ONE (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Asian shares mostly rise despite worries about US debt talks
Laser breakthrough could send stock soaring 2,467% (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Laser breakthrough could send stock soaring 2,467% (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain
NYSE:ENB

Enbridge (ENB) Stock Forecast, Price & News

$37.09
+0.04 (+0.11%)
(As of 05/19/2023 08:48 PM ET)
Compare
Today's Range
$36.92
$37.33
50-Day Range
$36.45
$40.05
52-Week Range
$35.02
$47.67
Volume
2.76 million shs
Average Volume
3.45 million shs
Market Capitalization
$75.10 billion
P/E Ratio
41.67
Dividend Yield
7.09%
Price Target
$57.50

Enbridge MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
55.0% Upside
$57.50 Price Target
Short Interest
Bearish
3.15% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.49mentions of Enbridge in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-3.18%
From $2.20 to $2.13 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.00 out of 5 stars

Oils/Energy Sector

175th out of 238 stocks

Pipelines, Except Natural Gas Industry

7th out of 11 stocks


ENB stock logo

About Enbridge (NYSE:ENB) Stock

Enbridge Inc. is a Canadian multinational energy transportation and distribution company. Founded in 1949, the company has its headquarters in Calgary, Alberta, Canada. Enbridge is a North American leader in the transportation and distribution of energy and operates the world's most extended crude oil and liquids transportation system.

Enbridge's mission is to provide the energy that people need and want in a reliable, safe, and environmentally responsible manner. The company's services include transporting and distributing crude oil, natural gas, and renewable energy and storing and processing natural gas.

Enbridge has a diversified portfolio of assets, including pipelines, storage facilities, renewable energy assets, and natural gas distribution networks. The company serves many customers, including oil and gas producers, shippers, and consumers in Canada, the United States, and internationally.

Enbridge has achieved several key milestones recently, including completing the $9 billion Line 3 Replacement Project, which increased the pipeline's capacity and improved safety and reliability. The company has also invested heavily in renewable energy, including wind and solar power projects.

Enbridge's management team is led by Gregory Ebel, who assumed the role of Chief Executive Officer and President on January 1, 2023. Mr. Ebel brings more than 20 years of experience in the industry, having held several key positions with other energy-related organizations. The company's other key executives include Colin Gruending, Executive Vice President and Chief Financial Officer and Vern Yu, Executive Vice President and President of Liquids Pipelines. The management team brings a wealth of experience and expertise to Enbridge and is focused on delivering long-term value to shareholders.

Enbridge has delivered industry-leading financial results in recent years. The company's net income has increased, and Enbridge has a profit margin of around 10%. Enbridge also has a healthy balance sheet, with assets significant enough to cover all liabilities and a good record of cash flow in the recent past. 

Enbridge has a price-to-earnings (P/E) ratio below the industry average and a price-to-book (P/B) ratio below industry averages. This suggests that Enbridge is currently undervalued relative to its peers.

The factors driving Enbridge's valuation include the company's strong financial performance, diversified portfolio of assets, and long-term growth prospects. Enbridge's focus on renewable energy and commitment to environmental sustainability also contribute to its positive reputation among investors.

Enbridge's stock price has performed well in recent years, but as with all energy-related stocks, the price is very volatile, tending to stay in the $35 - $45 per share. The recent decline in Enbridge's stock price is likely due to concerns about regulatory and political risks and changing energy demands.

One significant factor contributing to Enbridge's strong performance is the recent increase in oil and gas prices. Enbridge's business relies heavily on the oil and gas industry, and the company's fortunes are closely tied to the performance of this sector. As oil and gas prices rebounded from their lows in 2020, Enbridge's financial results have improved, leading to increased investor confidence and a rising share price. 

Another factor that has contributed to Enbridge's financial performance is the company's commitment to shareholder value. Enbridge has a solid history of paying dividends to its shareholders and has increased its dividend payout for 26 consecutive years. This has helped attract income-seeking investors looking for stable, long-term returns.

The energy infrastructure sector is facing several challenges in today's environment. One of the primary concerns is the ongoing shift toward renewable energy sources and away from fossil fuels. This trend will likely impact the demand for traditional energy infrastructure, including pipelines and storage facilities.

Another issue facing the industry is the sector's increasing regulatory and political scrutiny. Governments worldwide are becoming more focused on reducing carbon emissions and transitioning to cleaner energy sources, which could lead to stricter regulations and higher costs for energy infrastructure companies.

Enbridge has several growth opportunities that could help to drive the company's future performance. One of the most significant opportunities is North America's increasing demand for natural gas. Enbridge is well-positioned to capitalize on this trend, given its extensive network of natural gas pipelines and storage facilities.

Another growth opportunity for Enbridge is its expanding presence in renewable energy. The company has made significant investments in wind and solar power and has announced plans to invest $10 billion in renewable energy projects by 2025. These investments could help offset any declines in traditional energy infrastructure and position Enbridge as a leader in the transition to cleaner energy sources.

Despite Enbridge's strong competitive position and growth opportunities, the company faces several significant risks and challenges. One of the primary concerns is the ongoing regulatory and political scrutiny of the energy infrastructure sector. Governments worldwide are becoming increasingly focused on reducing carbon emissions and transitioning to cleaner energy sources, which could lead to higher costs and stricter regulations for Enbridge.

Another significant risk facing Enbridge is the potential for environmental disasters, such as oil spills or pipeline leaks. These types of events can be highly damaging to the company's reputation and could result in significant legal and financial consequences.

Enbridge faces significant competition from other energy infrastructure companies. The sector is highly consolidated, with a few key players dominating the market. This competition could limit Enbridge's ability to grow and pressure the company's profitability.

Receive ENB Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Enbridge and its competitors with MarketBeat's FREE daily newsletter.

ENB Stock News Headlines

Highly Profitable Restaurant Brand Expands to Canada
Invest in the Canadian Expansion with Debut: The Exclusive Franchisee with Proven Success.
Enbridge: Creating Safety Heroes With a Target of Zero
Creating Safety Heroes With a Target of Zero
Highly Profitable Restaurant Brand Expands to Canada
Invest in the Canadian Expansion with Debut: The Exclusive Franchisee with Proven Success.
Enbridge Publishes 22nd Sustainability Report
Enbridge (NYSE:ENB) Now Covered by Analysts at StockNews.com
Enbridge (TSX: ENB)
Enbridge: Buy, Sell, or Hold?
A New Kind of 'Movement' for Canadian Newcomers
Enbridge Picks Patrick Murray As New CFO
See More Headlines
Receive ENB Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Enbridge and its competitors with MarketBeat's FREE daily newsletter.

ENB Company Calendar

Last Earnings
11/05/2021
Ex-Dividend for 3/1 Dividend
2/14/2023
Dividend Payable
3/01/2023
Ex-Dividend for 6/1 Dividend
5/12/2023
Today
5/22/2023
Dividend Payable
6/01/2023
Next Earnings (Estimated)
8/04/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Employees
11,100
Year Founded
1949

Price Target and Rating

Average Stock Price Forecast
$57.50
High Stock Price Forecast
$64.00
Low Stock Price Forecast
$52.00
Forecasted Upside/Downside
+55.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$2.31 billion
Pretax Margin
8.30%

Debt

Sales & Book Value

Annual Sales
$41.00 billion
Cash Flow
$3.96 per share
Book Value
$21.25 per share

Miscellaneous

Outstanding Shares
2,024,930,000
Free Float
2,016,422,000
Market Cap
$75.10 billion
Optionable
Optionable
Beta
0.83

Social Links


Key Executives

  • Gregory Lorne Ebel
    President, Chief Executive Officer & Director
  • David Bryson
    Senior VP, COO-Gas Transmission & Midstream
  • Vern D. Yu
    Chief Financial Officer & Executive Vice President
  • Bhushan N. Ivaturi
    Chief Information Officer & Senior Vice President
  • Lisa D Wilson
    Chief Compliance Officer & Vice President













ENB Stock - Frequently Asked Questions

Should I buy or sell Enbridge stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ENB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ENB, but not buy additional shares or sell existing shares.
View ENB analyst ratings
or view top-rated stocks.

What is Enbridge's stock price forecast for 2023?

6 brokers have issued 12-month price targets for Enbridge's stock. Their ENB share price forecasts range from $52.00 to $64.00. On average, they anticipate the company's stock price to reach $57.50 in the next twelve months. This suggests a possible upside of 55.0% from the stock's current price.
View analysts price targets for ENB
or view top-rated stocks among Wall Street analysts.

How have ENB shares performed in 2023?

Enbridge's stock was trading at $39.10 at the beginning of 2023. Since then, ENB stock has decreased by 5.1% and is now trading at $37.09.
View the best growth stocks for 2023 here
.

Are investors shorting Enbridge?

Enbridge saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 63,660,000 shares, an increase of 52.8% from the April 15th total of 41,650,000 shares. Based on an average trading volume of 3,590,000 shares, the short-interest ratio is currently 17.7 days. Approximately 3.2% of the company's shares are short sold.
View Enbridge's Short Interest
.

When is Enbridge's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our ENB earnings forecast
.

How were Enbridge's earnings last quarter?

Enbridge Inc. (NYSE:ENB) announced its quarterly earnings results on Friday, November, 5th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The pipeline company had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $9.68 billion. Enbridge had a trailing twelve-month return on equity of 10.23% and a net margin of 5.44%. During the same quarter in the previous year, the firm earned $0.36 earnings per share.

How often does Enbridge pay dividends? What is the dividend yield for Enbridge?

Enbridge announced a quarterly dividend on Wednesday, May 3rd. Shareholders of record on Monday, May 15th will be given a dividend of $0.655 per share on Thursday, June 1st. This represents a $2.62 annualized dividend and a dividend yield of 7.06%. The ex-dividend date is Friday, May 12th. This is an increase from the stock's previous quarterly dividend of $0.65.
Read our dividend analysis for ENB
.

Is Enbridge a good dividend stock?

Enbridge (NYSE:ENB) pays an annual dividend of $2.63 per share and currently has a dividend yield of 7.10%. ENB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 295.51%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ENB will have a dividend payout ratio of 123.47% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ENB.

What is Al Monaco's approval rating as Enbridge's CEO?

253 employees have rated Enbridge Chief Executive Officer Al Monaco on Glassdoor.com. Al Monaco has an approval rating of 71% among the company's employees.

What other stocks do shareholders of Enbridge own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Enbridge investors own include AT&T (T), Intel (INTC), Pfizer (PFE), Verizon Communications (VZ), AbbVie (ABBV), Enterprise Products Partners (EPD), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Exxon Mobil (XOM) and Chevron (CVX).

What is Enbridge's stock symbol?

Enbridge trades on the New York Stock Exchange (NYSE) under the ticker symbol "ENB."

Who are Enbridge's major shareholders?

Enbridge's stock is owned by many different retail and institutional investors. Top institutional shareholders include GQG Partners LLC (2.67%), Deutsche Bank AG (2.00%), 1832 Asset Management L.P. (1.35%), Mackenzie Financial Corp (0.94%), CIBC Asset Management Inc (0.89%) and National Bank of Canada FI (0.83%).
View institutional ownership trends
.

How do I buy shares of Enbridge?

Shares of ENB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Enbridge's stock price today?

One share of ENB stock can currently be purchased for approximately $37.09.

How much money does Enbridge make?

Enbridge (NYSE:ENB) has a market capitalization of $75.10 billion and generates $41.00 billion in revenue each year. The pipeline company earns $2.31 billion in net income (profit) each year or $0.89 on an earnings per share basis.

How many employees does Enbridge have?

The company employs 11,100 workers across the globe.

Does Enbridge have any subsidiaries?
The following companies are subsidiares of Enbridge: Spectra Energy.
Read More
How can I contact Enbridge?

Enbridge's mailing address is 200 Fifth Avenue Place 425 1st Street S.W., CALGARY A0, T2P 3L8. The official website for the company is www.enbridge.com. The pipeline company can be reached via phone at (403) 231-3900, via email at investor.relations@enbridge.com, or via fax at 403-231-3920.

This page (NYSE:ENB) was last updated on 5/22/2023 by MarketBeat.com Staff

My Account -