Profile
Sector:
EnergyIndustry:
Oil & Gas MidstreamCountry:
CanadaIPO:
15 March 1984Website:
http://www.enbridge.comNext earnings report:
02 August 2024Last dividends:
14 May 2024Next dividends:
N/APrice
after hours | 55 min agoAnalysts recommendations
Institutional Ownership
ENB Latest News
Enbridge is one of the highest-yielding energy stocks. It also has one of the longest dividend increase streaks in the energy sector.
In June, I aggressively bought three of my top high yield blue-chip ideas, tripling my share count in some of these companies. With an average yield of 7%, growing 10% per year, being 19% undervalued, and having 32% upside potential in the next year, BTI, ENB, and BAM offer incredible short-and long-term opportunities. Enbridge's Line 5 concerns are way overblown, and its yield is at historical extremes that generate 13% long-term total return guidance from management.
With a significant portion of its assets being contracted by shippers for the long term, Enbridge's (ENB) business model is less exposed to volatility in oil and gas prices.
Enbridge is working with Indigenous partners to secure a new wind farm project in Canada. It would add to the company's already robust growth project backlog.
This collaboration represents the first instance of Enbridge (ENB) partnering with Indigenous communities on a wind farm project.
Enbridge has struggled to gain momentum in the market, but its growing dividend has been a saving grace for shareholders. The company's infrastructure is critical to big-tech companies and is positioned to benefit from the growing demand for sustainable energy. Enbridge is undervalued and offers a strong income opportunity for investors, with plans for future growth in earnings, dividends, and EBITDA.
Enbridge is an attractive stock due to its 7.73% dividend yield. I present a more contrarian view in this article. The company has built an established presence and long-term drivers remain intact. In the long term, the business might perform well. However, I believe the stock is accurately priced due to concerns regarding asset growth, debt financing, and the sustainability of the dividend.
REGINA, SK , June 24, 2024 /PRNewswire/ - Today, Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) and Six Nations Energy Development LP (Six Nations) – a newly-created consortium of Cowessess First Nation, George Gordon First Nation, Kahkewistahaw First Nation, Métis Nation-Saskatchewan, Pasqua First Nation and White Bear First Nations – announced plans to advance development of a new wind energy project southeast of Weyburn, Saskatchewan. The Seven Stars Energy Project (the Project) is expected to produce 200 megawatts of emissions–free power – enough to support the annual energy needs of more than 100,000 Saskatchewan homes.
An elite REIT might be your key to real estate riches. Pipelines and renewable power could fuel your dividend growth.
Enbridge (ENB) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
What type of business is Enbridge?
Enbridge Inc. 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 and energy transportation activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, and waste heat recovery facilities; and transmission assets in North America and Europe. The Energy Services segment provides energy marketing services to refiners, producers, and other customers; and physical commodity marketing and logistical services 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.
What sector is Enbridge in?
Enbridge is in the Energy sector
What industry is Enbridge in?
Enbridge is in the Oil & Gas Midstream industry
What country is Enbridge from?
Enbridge is headquartered in Canada
When did Enbridge go public?
Enbridge initial public offering (IPO) was on 15 March 1984
What is Enbridge website?
https://www.enbridge.com
Is Enbridge in the S&P 500?
No, Enbridge is not included in the S&P 500 index
Is Enbridge in the NASDAQ 100?
No, Enbridge is not included in the NASDAQ 100 index
Is Enbridge in the Dow Jones?
No, Enbridge is not included in the Dow Jones index
When does Enbridge report earnings?
The next expected earnings date for Enbridge is 02 August 2024