#4 - Enbridge (NYSE:ENB)
When you think of value investing, energy stocks come to mind. Enbridge Inc. (NYSE: ENB) is a Canadian company that has the largest midstream operation in North America.
Due to the cyclical nature of the oil and gas industry, companies like Enbridge are known for offering high-yield dividends to keep investors interested. However, because oil and gas need a path to flow regardless of demand, Enbridge can keep its vast pipeline network active. Still, the company’s revenue and earnings have been hurt as the market is currently well-supplied.
But Enbridge isn’t sitting still. Rather, it’s almost finished acquiring three high-quality gas utilities in the United States. Once those deals are complete, analysts will likely increase their earnings estimates, which currently are in the mid-single digits.
ENB stock has delivered an average five-year total return of 37.7%. The company’s current dividend yield is 7.53%.
About Enbridge
Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
Read More - Current Price
- $40.63
- Consensus Rating
- Reduce
- Ratings Breakdown
- 1 Buy Ratings, 3 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $51.50 (26.8% Upside)
