ENB Stock Recent News
ENB LATEST HEADLINES
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.
The stocks offer a good mix of value, growth, and dividend income.
In the closing of the recent trading day, Enbridge (ENB) stood at $41.15, denoting a +0.19% change from the preceding trading day.
Enbridge has an exceptional record of growing value for its investors.
Enbridge's fixed rate perpetual preferred shares are a "hold" due to their lower yields compared to resettable preferred shares and common stock. Enbridge's distributable cash flow is strong, covering preferred dividends with less than 4% of DCF, ensuring dividend security for preferred shareholders. The Series A preferred shares, yielding approximately 6%, are less attractive than common stock and Series 3 preferred shares, which offer higher returns.
Midstream companies' pipeline assets are secured under take-or-pay contracts. Williams (WMB), Kinder Morgan (KMI), & Enbridge (ENB) are thus poised to gain.
There are abundant opportunities for energy firms with a footprint in oil & gas resources and renewable energy. Three such companies are EQNR, SHEL & ENB.
Midstream companies like WMB, ENB and KMI are aligning their infrastructure to capitalize on the growing natural gas demand from expanding data centers.
Enbridge continues to embrace the future.
CALGARY, AB , Oct. 7, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB), in collaboration with Microsoft, is harnessing the power of artificial intelligence (AI) to drive significant advancements in safety, emissions reduction, and asset optimization across its operations. Building on a strong digital foundation, the company began implementing AI over five years ago and is now leveraging it to support operational and environmental excellence.