ENB Stock Recent News
ENB LATEST HEADLINES
Enbridge has rallied significantly since I last covered it earlier this year and rated it a Buy. I re-examine the investment thesis in this article. I also compare it to TC Energy, which I previously preferred to ENB and has significantly outperformed ENB over the past year.
If you're looking for high-yield stocks as October gets underway, look no further than Enbridge, Black Hills, and TotalEnergies.
Enbridge is finding no shortage of growth opportunities these days.
The move comes as part of ENB's ongoing efforts to strengthen its presence in the region, catering to rising global energy demands.
Competition between ENB's Mainline system and the Trans Mountain pipeline created some pricing pressure. But the larger picture I'm seeing still points to robust earnings growth given the profit stability surrounding its Mainline system. Rising electricity demand in the U.S. and Canada, driven by advancements in AI and other digital applications, provides another strong catalyst for ENB.
Zacks.com users have recently been watching Enbridge (ENB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Enbridge (ENB) concluded the recent trading session at $41.14, signifying a +1.31% move from its prior day's close.
CALGARY, AB , Oct. 1, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") announced today the closing of its acquisition of Public Service Company of North Carolina, Incorporated ("PSNC") from Dominion Energy, Inc. ("Dominion Energy"). The PSNC gas utility will be doing business in North Carolina as Enbridge Gas North Carolina and will join Enbridge's Gas Distribution and Storage Business Unit.
ENB's strong fundamentals drive premium valuations with high growth expectations, but there remains some uncertainty.
Money market funds have seen massive inflows, but rate cuts are making them less attractive. Investors may soon rotate out as yields decline further. High-quality dividend stocks offer a strong alternative to cash, providing reliable income, safety, and inflation protection even in a low-rate environment. Two undervalued stocks yielding 7% and 8% are ideal for income seekers, combining solid fundamentals with attractive growth potential and stable payouts.