Enbridge (ENB) Stock Price, News & Analysis

Company Overview

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. The Gas Transmission and Midstream segment invests in natural gas pipelines and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, waste heat recovery, and transmission assets in North America. The Energy Services segment provides physical commodity marketing and logistical services to refiners, producers, and other customers in Canada and the United States. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.

Key Stats

• Today's Range: C$59.39 to C$60.12
• 50-Day Range: C$54.63 to C$60.59
• 52-Week Range: C$45.05 to C$60.78
• Volume: 10.80 million shs
• Average Volume: 8.53 million shs
• Market Capitalization: C$130.41 billion
• P/E Ratio: 23.01
• Dividend Yield: 6.12%
• Price Target: C$57.54
• Consensus Rating: Hold

Enbridge Stock Analysis - MarketRank™

Enbridge scored higher than 35% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Enbridge has received a consensus rating of Hold. The company's average rating score is 2.27, and is based on 3 buy ratings, 8 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Enbridge has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Enbridge is 23.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Enbridge is 23.01, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 106.35.

Price to Earnings Growth Ratio

Enbridge has a PEG Ratio of 1.72. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Enbridge has a P/B Ratio of 2.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ENB.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Enbridge is a leading dividend payer. It pays a dividend yield of 6.43%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Enbridge does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Enbridge is 140.77%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for ENB.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.25

News Sentiment

Enbridge has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Enbridge this week, compared to 6 articles on an average week.

Search Interest

Only 97 people have searched for ENB on MarketBeat in the last 30 days. This is a decrease of -35% compared to the previous 30 days.

MarketBeat Follows

Only 14 people have added Enbridge to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Enbridge insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$37,978.00 in company stock.

Percentage Held by Insiders

Only 0.10% of the stock of Enbridge is held by insiders.

Percentage Held by Institutions

54.48% of the stock of Enbridge is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ENB Stock Analysis - Frequently Asked Questions

How have ENB shares performed this year?

Enbridge's stock was trading at C$47.70 at the start of the year. Since then, ENB shares have increased by 25.4% and is now trading at C$59.82.
View the best growth stocks for 2024 here.

How do I buy shares of Enbridge?

Shares of ENB stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Enbridge own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Enbridge investors own include Intact Financial (IFC), Constellation Software (CSU), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), BCE (BCE), Suncor Energy (SU) and Royal Bank of Canada (RY).

Company Calendar

• Ex-Dividend for 9/1 Dividend: 8/15/2024
• Dividend Payable: 9/01/2024
• Ex-Dividend for 12/1 Dividend: 11/15/2024
• Today: 11/20/2024
• Dividend Payable: 12/01/2024
• Next Earnings (Estimated): 2/14/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas Midstream
• Sub-Industry: Transportation
• Current Symbol: TSE:ENB
• CUSIP: N/A
• CIK: N/A
• Web: www.enbridge.com
• Phone: +1-403-2313900
• Fax: N/A
• Employees: 11,500
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$57.54
• High Stock Price Target: C$67.00
• Low Stock Price Target: C$48.00
• Potential Upside/Downside: -3.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.27
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$2.60
• Trailing P/E Ratio: 23.01
• Forward P/E Ratio: 17.03
• P/E Growth: 1.72
• Net Income: C$5.53 billion
• Net Margins: 13.54%
• Pretax Margin: N/A
• Return on Equity: 8.57%
• Return on Assets: 3.07%

Debt

• Debt-to-Equity Ratio: 131.26
• Current Ratio: 0.76
• Quick Ratio: 0.44

Sales & Book Value

• Annual Sales: C$43.52 billion
• Price / Sales: 3.00
• Cash Flow: C$0.63 per share
• Price / Cash Flow: 94.53
• Book Value: C$27.75 per share
• Price / Book: 2.16

Miscellaneous

• Outstanding Shares: 2,180,000,000
• Free Float: N/A
• Market Cap: C$130.41 billion
• Optionable: Not Optionable
• Beta: 0.90