#2 - Enbridge (NYSE:ENB)
Many investors are wondering if 2025 is going to be the year that energy stocks have their long-awaited breakout. But if you’ve been investing in Enbridge Inc. (NYSE: ENB), you already did well in 2024. That's because ENB stock posted a total return of around 24%. A good bit of that return comes from the company’s dividend, which yields 6.34% (as of December 31, 2024).
The Canadian midstream company owns and operates pipelines across the United States and Canada. But the bigger story in 2025 is the company’s position as the largest natural gas utility in North America. More significantly, the company operates in markets where the population is growing as is the need for supplying power to data centers.
That means Enbridge has a reliable business model that generates significant cash flow. The company expects its cash flow to increase by between 3% and 5% in the next few years. It currently uses about 70% of that cash flow to grow its dividend, which it has increased for 30 consecutive years.
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
- $43.72
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $63.00 (44.1% Upside)
