Enbridge Inc. (ENB)

NYSE: ENB · IEX Real-Time Price · USD
33.90
+0.57 (1.71%)
At close: Apr 18, 2024, 4:00 PM
33.93
+0.03 (0.09%)
After-hours: Apr 18, 2024, 7:54 PM EDT
1.71%
Market Cap 72.06B
Revenue (ttm) 32.82B
Net Income (ttm) 4.39B
Shares Out 2.13B
EPS (ttm) 2.06
PE Ratio 16.44
Forward PE 11.99
Dividend $2.71 (8.00%)
Ex-Dividend Date Feb 14, 2024
Volume 6,954,046
Open 33.38
Previous Close 33.33
Day's Range 33.35 - 33.95
52-Week Range 31.03 - 40.30
Beta 0.89
Analysts Buy
Price Target 56.83 (+67.64%)
Earnings Date May 10, 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 67.64% from the latest price.

Price Target
$56.83
(67.64% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Enbridge Inc. to Host Webcast to Discuss 2024 First Quarter Results on May 10

CALGARY, AB , April 5, 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 2024 first qua...

13 days ago - PRNewsWire

Enbridge wins approval to commence service on Louisiana Venice natgas pipe project

Canadian energy company Enbridge's Texas Eastern Transmission subsidiary received approval on Thursday from U.S. energy regulators to commence service of a natural gas pipeline associated with its Ven...

14 days ago - Reuters

Enbridge Completes Sale of its Interests in Alliance Pipeline and Aux Sable

CALGARY, AB , April 1, 2024 /PRNewswire/ - Enbridge Inc. ("Enbridge" or "the Company") (TSX: ENB) (NYSE: ENB) announced today the closing of the agreement to sell its 50.0% interest in Alliance Pipeli...

Other symbols: PBA
17 days ago - PRNewsWire

Enbridge to form natural gas supply venture

Enbridge will form a venture with WhiteWater/I Squared Capital and MPLX to operate natural gas pipeline and storage assets connecting Permian Basin supplies to the growing LNG and U.S. Gulf Coast dema...

23 days ago - Reuters

WHISTLER PIPELINE AND ENBRIDGE AGREE TO STRATEGIC COMBINATION OF WHISTLER AND RIO BRAVO NATURAL GAS ASSETS

AUSTIN, Texas , March 26, 2024 /PRNewswire/ -- WhiteWater, I Squared, MPLX LP (NYSE: MPLX), and Enbridge Inc. (TSX: ENB) (NYSE: ENB) jointly announce they have entered into a definitive agreement to s...

Other symbols: MPLX
23 days ago - PRNewsWire

Enbridge to Enter into JV Connecting Permian Basin Natural Gas Supply to Growing LNG and USGC Demand

CALGARY, AB , March 26, 2024 /PRNewswire/ - Enbridge Inc. ("Enbridge") (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement with WhiteWater/I Squared Capital ("WhiteW...

23 days ago - PRNewsWire

Top Wall Street analysts like these dividend stocks for portfolio income

TipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including Bank of America and PepsiCo.

Other symbols: BACPEP
25 days ago - CNBC

Enbridge eyes 120,000 bpd expansion to Gray Oak, Texas oil pipeline by 2025

Energy pipeline company Enbridge plans to expand capacity on its Gray Oak oil pipeline by 80,000 barrels per day (bpd) this year and could add another 40,000 bpd in 2025, an executive told Reuters on ...

4 weeks ago - Reuters

Dominion Energy Announces Closing of Sale of Ohio Natural Gas Distribution Company

RICHMOND, Va. , March 7, 2024 /PRNewswire/ -- Dominion Energy, Inc. (NYSE: D), today announced closure of the sale of its Ohio natural gas utility – The East Ohio Gas Company – to Enbridge Inc. (TSX: ...

Other symbols: D
6 weeks ago - PRNewsWire

Enbridge Completes Acquisition of The East Ohio Gas Company

CALGARY, AB , March 7, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") announced today the closing of its acquisition of The East Ohio Gas Company ("EOG") from D...

6 weeks ago - PRNewsWire

Jim Cramer names companies and sectors poised to rally on the AI wave

CNBC's Jim Cramer on Wednesday said new tech and artificial intelligence are going to be at the heart of market gains over the next few years.

Other symbols: CATCEGCRMNOWNVDA
6 weeks ago - CNBC

Enbridge to invest about $500 million in pipeline assets

Pipeline operator Enbridge said on Wednesday it will invest about $500 million in expanding its pipeline and storage assets to improve its U.S. Gulf Coast presence.

6 weeks ago - Reuters

Enbridge Extends Visible Growth Outlook, Reiterates Strategic Priorities and Announces Accretive Investments

CALGARY, AB , March 6, 2024 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) is providing an update on its strategic priorities and financial outlook, which will be furthe...

6 weeks ago - PRNewsWire

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...

6 weeks 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.

2 months 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...

2 months 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...

2 months 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...

2 months 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
2 months 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. ...

2 months 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.

2 months 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 ...

2 months 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 ...

2 months 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...

2 months 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...

2 months ago - PRNewsWire