Enbridge Inc. (TSX: ENB) Stock Price Quote & Overview - Stock Analysis (2024)

FAQs

Is Enbridge a buy hold or sell? ›

Enbridge Inc has a consensus rating of Moderate Buy which is based on 4 buy ratings, 5 hold ratings and 1 sell ratings. What is Enbridge Inc's price target? The average price target for Enbridge Inc is C$55.25. This is based on 10 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Enbridge Inc quote is equal to 35.120 USD at 2024-06-16. Based on our forecasts, a long-term increase is expected, the "ENB" stock price prognosis for 2029-06-06 is 38.908 USD. With a 5-year investment, the revenue is expected to be around +10.79%. Your current $100 investment may be up to $110.79 in 2029.

Enbridge stock prediction for 1 year from now: $ 40.23 (15.50%) Enbridge stock forecast for 2025: $ 34.97 (0.50%) Enbridge stock prediction for 2030: $ 35.86 (3.05%)

Enbridge is an ideal stock for those looking to generate a stable source of recurring passive income. However, there are other TSX stocks that are poised to outpace Enbridge in 2024 and beyond.

Enbridge (TSX:ENB) is among the most popular dividend stocks trading on the TSX. In the last 20 years, ENB stock has returned more than 850% after adjusting for dividends, compared to the TSX index returns of 373%.

Enbridge Dividend Information

Enbridge has an annual dividend of $2.68 per share, with a forward yield of 7.70%. The dividend is paid every three months and the last ex-dividend date was May 14, 2024.

Regular payouts for ENB are paid quarterly.

Another example of a qualified dividend is the one paid by energy infrastructure giant Enbridge (ENB -0.79%). In 2021, the Canadian corporation, which trades on the New York Stock Exchange, paid out $3.34 Canadian dollars (approximately $2.62 to U.S. investors) per share in dividends.

Largest shareholders include Royal Bank Of Canada, Vanguard Group Inc, Bank Of Montreal /can/, Td Asset Management Inc, 1832 Asset Management L.P., Deutsche Bank Ag\, Bank Of Nova Scotia, VGTSX - Vanguard Total International Stock Index Fund Investor Shares, CIBC World Markets Inc., and CIBC Asset Management Inc .

How much debt does ENB have? ›

Enbridge has a total shareholder equity of CA$67.3B and total debt of CA$87.7B, which brings its debt-to-equity ratio to 130.3%. Its total assets and total liabilities are CA$190.7B and CA$123.4B respectively. Enbridge's EBIT is CA$9.3B making its interest coverage ratio 2.4.

Moreover, ENB could be a great stock for long-term income investors as it has a nearly three decades-long track record of raising dividends and offers an attractive annualized dividend yield of 7.1% at the current market price.

Enbridge stock has received a consensus rating of buy. The average rating score is and is based on 3 buy ratings, 2 hold ratings, and 0 sell ratings.

The most recent stock split occurred on June 1st, 2011. One ENB share bought prior to May 6th, 1991 would equal to 13.136 ENB shares today.

In fact, over the last five years, Enbridge's forward dividend yield has averaged just 7%. Furthermore, if you go back 10 years, the average forward dividend yield is just 5.8%. This shows that Enbridge is certainly undervalued.

Enbridge Inc.

ENB has witnessed upward estimate revisions for 2024 and 2025 earnings in the past 30 days. The Zacks Consensus Estimate for the company's 2024 and 2025 earnings per share is pegged at $2.12 and $2.22, respectively.

Is KMI a Buy, Sell or Hold? Kinder Morgan has a consensus rating of Moderate Buy which is based on 6 buy ratings, 7 hold ratings and 0 sell ratings. The average price target for Kinder Morgan is $21.00. This is based on 13 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

FTS Stock Forecast FAQ

Based on analyst ratings, Fortis Inc's 12-month average price target is C$56.79. Fortis Inc has 5.78% upside potential, based on the analysts' average price target. Fortis Inc has a consensus rating of Hold which is based on 0 buy ratings, 4 hold ratings and 1 sell ratings.