Enb Investor Relations (2024)

FAQs

Is ENB stock overvalued? ›

Compared to the current market price of 50.48 CAD, Enbridge Inc is Undervalued by 20%.

Enbridge Inc has a conensus rating of Hold which is based on 3 buy ratings, 4 hold ratings and 2 sell ratings. What is Enbridge Inc's price target? The average price target for Enbridge Inc is C$51.05. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Analyst Price Targets

Based on analysts offering 12 month price targets for ENB in the last 3 months. The average price target is $37.32 with a high estimate of $41.66514408 and a low estimate of $32.8935348.

Enbridge (TSX:ENB) is arguably among Canada's most popular dividend stocks, and for good reason. The energy heavyweight has increased its dividend payouts by 10% annually (on average) in the last 29 years, showcasing the resiliency of its cash flows and business model.

The Company is increasing and extending its financial outlook for EBITDA to 7-9% average annual growth through 2026 and its average annual DCF per share and EPS growth outlooks of 3% and 4-6%, respectively, through 2026. Post 2026, Enbridge expects average annual growth of ~5% for EBITDA, DCF per share and EPS.

Enbridge Inc quote is equal to 37.360 USD at 2024-05-10. Based on our forecasts, a long-term increase is expected, the "ENB" stock price prognosis for 2029-05-02 is 39.602 USD. With a 5-year investment, the revenue is expected to be around +6%. Your current $100 investment may be up to $106 in 2029.

Enbridge has a very low-risk business model. It's focusing on investing in lower carbon energy, which will increase the long-term sustainability of its cash flow. The company's rising earnings should support continued dividend growth.

Enbridge's management team appears to now be targeting dividend growth of around 3% per year for the foreseeable future. However, the company's strong fundamentals do secure the company's 7.6% current yield, providing income investors with a solid investing thesis to own this stock.

Enbridge offers a unique value proposition that brings together a combination of transparent growth, a reliable, low-risk business model and significant dividend income.

Zacks Rank & Stocks to Consider

Currently, ENB carries a Zacks Rank #3 (Hold).

How much debt does ENB have? ›

Total debt on the balance sheet as of December 2023 : $61.33 B. According to Enbridge's latest financial reports the company's total debt is $61.33 B. A company's total debt is the sum of all current and non-current debts.

Enbridge (ENB) Ownership Overview

The ownership structure of Enbridge (ENB) stock is a mix of institutional, retail and individual investors. Approximately 19.48% of the company's stock is owned by Institutional Investors, 0.48% is owned by Insiders and 80.04% is owned by Public Companies and Individual Investors.

A rock-solid foundational return

At its current dividend payment level, Enbridge can generate an annual income return of roughly 7.7% for investors who buy around the current price. Unlike those of some high-yield dividend stocks, that's a very bankable return. The company generates durable and stable cash flows.

Enbridge hit its financial goals in 2023, and management expects the business to deliver solid results in 2024 and over the next few years. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) are expected to rise by 7-9% per year through 2026 and about 5% beyond that timeframe.

Enbridge is one of the best dividend stocks to buy

Fortunately, Enbridge offers investors plenty of defensive appeal to offset some of that risk. In my opinion, Enbridge is one of the best dividend stocks on the market and should be a core holding as part of any well-diversified portfolio.

Enbridge is now ranked among the top 10 large cap stocks on the Toronto Stock Exchange. Stocks in this category are held primarily for capital appreciation.

As of 2024-05-11, the Fair Value of Enbridge Inc (ENB.TO) is 72.81 CAD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 51.14 CAD, the upside of Enbridge Inc is 42.38%.

Compared to the current market price of 74.3699 USD, Nextera Energy Inc is Undervalued by 24%.

Enbridge (NYSE: ENB) is owned by 49.98% institutional shareholders, 0.15% Enbridge insiders, and 49.87% retail investors. Royal Bank Of Canada is the largest individual Enbridge shareholder, owning 140.08M shares representing 6.59% of the company.