Enbridge Inc (ENB-T) Stock Price and News (2024)

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Enbridge Inc (ENB-T) Stock Price and News? ›

The big draw for investors when it comes to Enbridge (NYSE: ENB) is likely to be the stock's 7.4% dividend yield. Add in a 29-year streak of annual payout increases and an investment grade balance sheet, and there's even more to appreciate.

The big draw for investors when it comes to Enbridge (NYSE: ENB) is likely to be the stock's 7.4% dividend yield. Add in a 29-year streak of annual payout increases and an investment grade balance sheet, and there's even more to appreciate.

ENB Stock 12 Month Forecast

Based on 10 Wall Street analysts offering 12 month price targets for Enbridge in the last 3 months. The average price target is C$53.13 with a high forecast of C$57.14 and a low forecast of C$45.11. The average price target represents a 6.62% change from the last price of C$49.83.

Enbridge Inc quote is equal to 36.580 USD at 2024-06-01. Based on our forecasts, a long-term increase is expected, the "ENB" stock price prognosis for 2029-05-23 is 39.266 USD. With a 5-year investment, the revenue is expected to be around +7.34%. Your current $100 investment may be up to $107.34 in 2029.

What happened. Enbridge (ENB 2.29%) is making a big bet on natural gas, and investors are worried that the Canadian energy distribution and production company's planned acquisition could cause it some near-term indigestion. Shares of Enbridge fell by as much as 6.7% on Wednesday morning following the company's big news ...

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.

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 .

Enbridge stock prediction for 1 year from now: $ 36.37 (1.73%) Enbridge stock forecast for 2025: $ 36.74 (0.50%) Enbridge stock prediction for 2030: $ 37.67 (3.05%)

Enbridge (TSX:ENB) stock is one of Canada's most popular high-yield names. It hasn't delivered much in the way of capital gains over the years, but it sure has rained dividends on its shareholders, with yields between 6% and 8% being common for those buying in the last five years.

What is the Enbridge forecast for 2024? ›

2024 FINANCIAL OUTLOOK

Enbridge is providing 2024 guidance on its base business of EBITDA of $16.6 billion to $17.2 billion and DCF per share of between $5.40 to $5.80.

Compared to the current market price of 48.93 CAD, Enbridge Inc is Undervalued by 31%.

Enbridge Dividend Information

Enbridge has an annual dividend of $2.68 per share, with a forward yield of 7.32%. The dividend is paid every three months and the last ex-dividend date was May 14, 2024.

While Enbridge is best known for its pipeline business, that's not the only thing that this energy infrastructure behemoth offers investors. Specifically, Enbridge also boasts a growing renewable energy portfolio. Enbridge has invested over $8 billion into the segment over the past two decades.

Regular payouts for ENB are paid quarterly.