Enbridge Inc. (ENB)

NYSE: ENB · IEX Real-Time Price · USD
34.72
-0.08 (-0.23%)
At close: Mar 4, 2024, 4:00 PM
34.74
+0.02 (0.06%)
After-hours: Mar 4, 2024, 7:38 PM EST
-0.23%
Market Cap 73.97B
Revenue (ttm) 32.82B
Net Income (ttm) 4.39B
Shares Out 2.13B
EPS (ttm) 2.09
PE Ratio 16.60
Forward PE 12.43
Dividend $2.71 (7.81%)
Ex-Dividend Date Feb 14, 2024
Volume 3,369,806
Open 34.80
Previous Close 34.80
Day's Range 34.59 - 34.90
52-Week Range 31.03 - 40.30
Beta 0.88
Analysts Buy
Price Target 56.83 (+63.68%)
Earnings Date Feb 9, 2024

About ENB

Enbridge Inc., together with its subsidiaries, 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 fac... [Read more]

Sector Energy
Founded 1949
Employees 11,500
Stock Exchange NYSE
Ticker Symbol ENB
Full Company Profile

Financial Performance

In 2023, Enbridge's revenue was 43.65 billion, a decrease of -18.12% compared to the previous year's 53.31 billion. Earnings were 5.84 billion, an increase of 125.53%.

Financial numbers in CAD Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for ENB stock is "Buy." The 12-month stock price forecast is $56.83, which is an increase of 63.68% from the latest price.

Price Target
$56.83
(63.68% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Enbridge Receives Canada Energy Regulator Approval for Mainline Tolling Settlement

CALGARY, AB , March 4, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that the Canada Energy Regulator (CER) has approved the Mainline Tolling negot...

3 hours ago - PRNewsWire

Enbridge to Host Annual Enbridge Day Investor Event on March 6, 2024

CALGARY, AB, Feb. 21, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) will hold its annual investor conference at 9:30 a.m. ET on Wednesday, March 6, 2024.

12 days ago - PRNewsWire

Enbridge Announces Conversion Results for Series 5 Preferred Shares

CALGARY, AB , Feb. 15, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 5 (Series 5 Shar...

17 days ago - PRNewsWire

Enbridge Announces Conversion Results for Series 7 Preferred Shares

CALGARY, AB , Feb. 15, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 7 (Series 7 Shar...

17 days ago - PRNewsWire

Enbridge Announces Conversion Results for Series P Preferred Shares

CALGARY, AB , Feb. 15, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series P (Series P Shar...

17 days ago - PRNewsWire

Exxon, Enbridge sued by competitor over crude oil transportation

Exxon and Canada-based crude pipeline operator Enbridge were sued in Illinois federal court on Tuesday over claims they barred a competitor from building a terminal to ship oil by barge from the Chica...

Other symbols: XOM
20 days ago - Reuters

Enbridge Files 2023 Year End Disclosure Documents

CALGARY, AB , Feb. 9, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) has filed its Form 10-K for the year ended December 31, 2023, with the United States Securities and Exchange Commission. ...

24 days ago - PRNewsWire

Enbridge misses fourth-quarter profit estimates

Pipeline operator Enbridge on Friday missed fourth-quarter profit estimates, hurt by lower earnings from its gas transmission and midstream segment.

24 days ago - Reuters

Enbridge Reports Record 2023 Financial Results, Reaffirms 2024 Financial Guidance and Advances Strategic Priorities

CALGARY, AB , Feb. 9, 2024 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today reported fourth quarter 2023 financial results, reaffirmed its 2024 financial guidance and ...

24 days ago - PRNewsWire

Enbridge appeals to vacate order that would shut down U.S.-Canada pipeline

MADISON, Wis. — An attorney for the energy company Enbridge tried to persuade a federal appellate court Thursday to vacate an order that would shut down part of a pipeline running through a Wisconsin ...

25 days ago - Market Watch

Enbridge Provides Notice of Series P Preferred Shares Conversion Right and Announces Reset Dividend Rates

CALGARY, AB , Jan. 31, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstand...

4 weeks ago - PRNewsWire

Enbridge Provides Notice of Series 5 Preferred Shares Conversion Right and Announces Reset Dividend Rates

CALGARY, AB , Jan. 31, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstand...

4 weeks ago - PRNewsWire

Enbridge Provides Notice of Series 7 Preferred Shares Conversion Right and Announces Reset Dividend Rates

CALGARY, AB , Jan. 31, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstand...

4 weeks ago - PRNewsWire

North American pipeline operator Enbridge to cut 650 jobs -media report

North American pipeline operator Enbridge plans to cut its workforce by 650 jobs in February, according to a media report.

4 weeks ago - Reuters

B.C. government and industry partners working to develop hydrogen as a low-carbon energy option for families and businesses

CALGARY, AB , Jan. 17, 2024 /PRNewswire/ - Today, Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) and FortisBC Energy Inc. (FortisBC) announced funding, with contributions from the Brit...

6 weeks ago - PRNewsWire

Enbridge eyes France for offshore wind investments and will avoid US

Canadian pipeline company Enbridge is keen on further offshore wind investments in France, but will avoid the United States, where cost and supply chain problems have contributed to offshore projects ...

7 weeks ago - Reuters

EDF Renewables North America and Enbridge Announce Commercial Operation of Fox Squirrel Phase 1

SAN DIEGO & CALGARY, Alberta--(BUSINESS WIRE)--EDF Renewables North America and Enbridge Inc. (TSX: ENB) (NYSE: ENB) today announced that Phase 1 of Fox Squirrel Solar, the largest solar complex in Oh...

7 weeks ago - Business Wire

Enbridge Inc. to Host Webcast to Discuss 2023 Fourth Quarter Results on February 9

CALGARY, AB , Jan. 9, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) will host a conference call and webcast to provide a business update and review 2023 fourth qua...

7 weeks ago - PRNewsWire

Enbridge Announces $3.1 Billion Sale of its Interests in Alliance Pipeline and Aux Sable

CALGARY, AB , Dec. 13, 2023 /PRNewswire/ - Enbridge Inc. ("Enbridge") (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement to sell its 50.0% interest in Alliance Pipe...

Other symbols: PBA
2 months ago - PRNewsWire

3 Dividend Stocks for December 2023

#Morningstar  #Fidelity #DividendStocks The dividend prospects for three firms with economic moats. 00:00 Introduction 00:10 Amgen AMGN 00:56 Enbridge ENB 01:56 Fidelity National Information Services ...

Other symbols: AMGNFIS
3 months ago - Morningstar

Why Our Top Natural Gas Stock Will Soar In 2024

A 7.7% payer we watch very closely just did something weird for a stock with such a high payout: it hiked its dividend—for the 29th straight year!

3 months ago - Forbes

Michigan regulators approve Enbridge Great Lakes tunnel for oil pipeline

Michigan regulators on Friday approved Canadian pipeline company Enbridge Inc's application to build a tunnel under the Great Lakes to house its aging Line 5 oil pipeline, a major step forward for the...

3 months ago - Reuters

2 Midstream Names Offer 2024 Financial Guidance

Two midstream names have announcd positive 2024 growth outlooks. TC Energy Corporation (TRP) and Enbridge (ENB) this week provided 2024 financial guidance.

Other symbols: ENFR
3 months ago - ETF Trends

Enbridge Appoints New Director to its Board

CALGARY, AB , Nov. 29, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) is pleased to announce that its Board of Directors has appointed Manjit Minhas as a director of Enbridge. Ms. Minhas is ...

3 months ago - PRNewsWire

Canada's Enbridge forecasts higher 2024 earnings, raises dividend

Enbridge , on Wednesday forecast higher core earnings and raised its dividend for 2024 as the Canadian pipeline operator bets on higher demand to lift volumes transported across its network.

3 months ago - Reuters