ENB Stock Recent News

Demand for natural gas will surge in coming years. Catalysts like the onshoring of manufacturing, the electrification of everything, and artificial intelligence (AI) data centers will drive up power demand.

Enbridge (ENB) closed at $45.34 in the latest trading session, marking a +0.44% move from the prior day.

Enbridge (ENB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

The average energy company has a dividend yield of around 3.1% today. Enbridge's (ENB 1.26%) dividend yield is materially higher at 5.8%.

Explore the exciting world of Enbridge (ENB 0.61%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!

Enbridge, a leading midstream company, is expanding its asset base through acquisitions, boosting distributable cash flow and EBITDA for FY 2025. ENB has a strong distribution growth history, raising dividends for 30 years, and I expect this trend to continue due to favorable fossil fuel demand. Despite a higher EV-to-EBITDA ratio compared to rivals, Enbridge's reliable distribution growth justifies a premium valuation, with potential revaluation to 13-14X EV-to-EBITDA.

There are three types of dividend stocks: those that don't change their dividend payments, those that have cut or eliminated their payouts, and those that initiate and grow their dividends. That last of those groups has significantly outperformed other dividend stocks over the long term:

Enbridge, a midstream/pipeline company, has shown consistent growth since 2018, with a 91.9% stock increase, though slightly underperforming the S&P 500. Major investments in 2024, including a $19 billion acquisition and $5 billion in growth projects, position Enbridge for significant future growth. Enbridge has a $26 billion secured capital program and potential $50 billion in growth opportunities in North America, particularly in the natural gas space.

Enbridge (ENB 0.21%) is a giant North American midstream company, generating reliable cash flows from the fees it charges for the use of its assets. It is a slow and boring company with a lofty 5.9% dividend yield being the main draw.

In the closing of the recent trading day, Enbridge (ENB) stood at $44.46, denoting a +0.23% change from the preceding trading day.