Is Enbridge Stock a Good Investment?

Enbridge Investment Advice

ENB

To provide specific investment advice or recommendations on Enbridge stock, we recommend investors consider the following general factors when evaluating Enbridge. This will help you to make an informed decision on whether to include Enbridge in one of your diversified portfolios:

Examine Enbridge's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
Research Enbridge's leadership team and their track record. Good management can help Enbridge navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
Consider the overall health of the Oil & Gas Storage & Transportation space and any emerging trends that could impact Enbridge's business and its evolving consumer preferences.
Compare Enbridge's performance and market position to its competitors. Analyze how Enbridge is positioned in terms of product offerings, innovation, and market share.
Check if Enbridge pays a dividend and its dividend yield and payout ratio.
Review what financial analysts are saying about Enbridge's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.

It's important to note that investing in Enbridge stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Enbridge is a good investment.

Sell

Buy

Strong Hold

Enbridge advice module can be used to check and cross-verify current investment recommendation provided by analysts reviewing the company's potential to grow using all of fundamental, technical, data market data available at the time. To make sure Enbridge is not overpriced, please confirm all Enbridge fundamentals, including its price to earning, net income, and the relationship between the shares owned by insiders and revenue . Given that Enbridge has a price to earning of 20.33 X, we urge you to verify Enbridge market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Market Performance	Weak	Details
Volatility	Very steady	Details
Hype Condition	Stale	Details
Current Valuation	Overvalued	Details
Odds Of Distress	Below Average	Details
Economic Sensitivity	Barely shadows the market	Details
Investor Sentiment	Impartial	Details
Analyst Consensus	Buy	Details
Reporting Quality (M-Score)	Unavailable	Details

Examine Enbridge Stock

Researching Enbridge's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 54.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.82. Some equities with similar Price to Book (P/B) outperform the market in the long run. Enbridge has Price/Earnings To Growth (PEG) ratio of 1.71. The entity last dividend was issued on the 14th of May 2024. The firm had 2:1 split on the 1st of June 2011.

To determine if Enbridge is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Enbridge's research are outlined below:

The company has 61.83 B in debt with debt to equity (D/E) ratio of 1.22, which is OK given its current industry classification. Enbridge has a current ratio of 0.59, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Enbridge until it has trouble settling it off, either with new capital or with free cash flow. So, Enbridge's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Enbridge sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enbridge to invest in growth at high rates of return. When we think about Enbridge's use of debt, we should always consider it together with cash and equity.

Latest headline from investing.com: Earnings call MPLX reports growth and strategic expansions in Q1

Enbridge uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Enbridge. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Enbridge's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.

	9th of February 2024 Upcoming Quarterly Report	View
	3rd of May 2024 Next Financial Report	View
	31st of December 2023 Next Fiscal Quarter End	View
	9th of February 2024 Next Fiscal Year End	View
	30th of September 2023 Last Quarter Report	View
	31st of December 2022 Last Financial Announcement	View

Earnings surprises can significantly impact Enbridge's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Enbridge's investors have experienced.

Reported	Fiscal Date	Estimated EPS	Reported EPS	Surprise
2004-11-04	2004-09-30	0.09	0.08	-0.01	11
2004-01-27	2003-12-31	0.06	0.05	-0.01	16
2003-01-29	2002-12-31	0.07	0.06	-0.01	14
1999-01-26	1998-12-31	-0.01	-0.02	-0.01	100
2009-11-04	2009-09-30	0.19	0.21	0.02	10
2007-11-07	2007-09-30	0.13	0.11	-0.02	15
2006-11-01	2006-09-30	0.12	0.14	0.02	16
2006-08-02	2006-06-30	0.16	0.18	0.02	12

Know Enbridge's Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Enbridge is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Enbridge backward and forwards among themselves. Enbridge's institutional investor refers to the entity that pools money to purchase Enbridge's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.

		Shares
Cibc Global Asset Management Inc	2023-12-31	22.4 M
Mackenzie Investments	2023-12-31	22 M
Manufacturers Life Insurance Co	2023-12-31	21.9 M
Goldman Sachs Group Inc	2023-12-31	21.8 M
Barrow Hanley Mewhinney & Strauss Llc	2023-12-31	20.1 M
Norges Bank	2023-12-31	19.9 M
Clearbridge Advisors, Llc	2023-12-31	19.2 M
The Toronto-dominion Bank	2023-12-31	17.3 M
Jpmorgan Chase & Co	2023-12-31	16 M
Royal Bank Of Canada	2023-12-31	140.1 M
Vanguard Group Inc	2023-12-31	83.1 M

Note, although Enbridge's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Enbridge's market capitalization trends

The company currently falls under 'Large-Cap' category with a total capitalization of 76.23 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Enbridge's market, we take the total number of its shares issued and multiply it by Enbridge's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Market Cap

92.65 Billion

Enbridge's profitablity analysis

Enbridge's profitability indicators refer to fundamental financial ratios that showcase Enbridge's ability to generate income relative to its revenue or operating costs. If, let's say, Enbridge is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Enbridge's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Enbridge's profitability requires more research than a typical breakdown of Enbridge's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.

	Last Reported	Projected for Next Year
Return On Tangible Assets	0.06	0.04
Return On Capital Employed	0.07	0.08
Return On Assets	0.05	0.04
Return On Equity	0.13	0.14

The company has Net Profit Margin of 0.14 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.2 %, which entails that for every 100 dollars of revenue, it generated $0.2 of operating income.

Determining Enbridge's profitability involves analyzing its financial statements and using various financial metrics to determine if Enbridge is a good buy. For example, gross profit margin measures Enbridge's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Enbridge's profitability and make more informed investment decisions.

The data published in Enbridge's official financial statements usually reflect Enbridge's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Enbridge. For example, before you start analyzing numbers published by Enbridge accountants, it's critical to develop an understanding of what Enbridge's liquidity, profitability, and earnings quality are in the context of the Oil, Gas & Consumable Fuels space in which it operates.

Please note, the presentation of Enbridge's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Enbridge's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Enbridge's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Enbridge. Please utilize our Beneish M Score to check the likelihood of Enbridge's management manipulating its earnings.

Evaluate Enbridge's management efficiency

Enbridge has Return on Asset of 0.032 % which means that on every $100 spent on assets, it made $0.032 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0947 %, implying that it generated $0.0947 on every 100 dollars invested. Enbridge's management efficiency ratios could be used to measure how well Enbridge manages its routine affairs as well as how well it operates its assets and liabilities. At present, Enbridge's Return On Capital Employed is projected to increase slightly based on the last few years of reporting. The current year's Return On Equity is expected to grow to 0.14, whereas Return On Tangible Assets are forecasted to decline to 0.04. At present, Enbridge's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 131.4 B, whereas Non Currrent Assets Other are projected to grow to (3.2 B).

	Last Reported	Projected for Next Year
Book Value Per Share	22.55	23.68
Net Current Asset Value	0.00	0.00
Tangible Asset Value	0.00	0.00
Tangible Book Value Per Share	10.26	6.84
Enterprise Value Over EBITDA	9.27	11.48
Price Book Value Ratio	2.11	3.37
Enterprise Value Multiple	9.27	11.48
Price Fair Value	2.11	3.37
Enterprise Value	139.8 B	146.8 B

The analysis of Enbridge's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Enbridge's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Enbridge Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.

Dividend Yield

0.0752

Forward Dividend Yield

0.0752

Forward Dividend Rate

2.67

Beta

0.886

Basic technical analysis of Enbridge Stock

As of the 1st of May, Enbridge shows the Mean Deviation of 0.836, semi deviation of 1.12, and Downside Deviation of 1.17. Enbridge technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Enbridge, which can be compared to its peers. Please confirm Enbridge jensen alpha, semi variance, and the relationship between the standard deviation and value at risk to decide if Enbridge is priced favorably, providing market reflects its regular price of 35.54 per share. Given that Enbridge has jensen alpha of (0.04), we urge you to verify Enbridge's prevailing market performance to make sure the company can sustain itself at a future point.

Enbridge's insider trading activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Enbridge insiders, such as employees or executives, is commonly permitted as long as it does not rely on Enbridge's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Enbridge insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

		Mark Maki over a week ago Disposition of 76400 shares by Mark Maki of Enbridge at 28.99 subject to Rule 16b-3
		Pamela Carter over three weeks ago Acquisition by Pamela Carter of 645 shares of Enbridge subject to Rule 16b-3
		Vernon Yu over six months ago Enbridge exotic insider transaction detected

Understand Enbridge's technical and predictive indicators

Using predictive indicators to make investment decisions involves analyzing Enbridge's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.

	Risk Adjusted Performance	0.0161
	Market Risk Adjusted Performance	0.0207
	Mean Deviation	0.836
	Semi Deviation	1.12
	Downside Deviation	1.17
	Coefficient Of Variation	5326.86
	Standard Deviation	1.08
	Variance	1.17
	Information Ratio	(0.04)
	Jensen Alpha	(0.04)
	Total Risk Alpha	(0.07)
	Sortino Ratio	(0.03)
	Treynor Ratio	0.0107
	Maximum Drawdown	4.35
	Value At Risk	(2.02)
	Potential Upside	1.85
	Downside Variance	1.36
	Semi Variance	1.25
	Expected Short fall	(0.79)
	Skewness	0.0552
	Kurtosis	(0.05)

	Risk Adjusted Performance	0.0161
	Market Risk Adjusted Performance	0.0207
	Mean Deviation	0.836
	Semi Deviation	1.12
	Downside Deviation	1.17
	Coefficient Of Variation	5326.86
	Standard Deviation	1.08
	Variance	1.17
	Information Ratio	(0.04)
	Jensen Alpha	(0.04)
	Total Risk Alpha	(0.07)
	Sortino Ratio	(0.03)
	Treynor Ratio	0.0107
	Maximum Drawdown	4.35
	Value At Risk	(2.02)
	Potential Upside	1.85
	Downside Variance	1.36
	Semi Variance	1.25
	Expected Short fall	(0.79)
	Skewness	0.0552
	Kurtosis	(0.05)

Consider Enbridge's intraday indicators

Enbridge intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Enbridge stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

	Accumulation Distribution	0.0095
	Daily Balance Of Power	(1.24)
	Rate Of Daily Change	0.99
	Day Median Price	35.71
	Day Typical Price	35.65
	Market Facilitation Index	0.34
	Price Action Indicator	(0.38)
	Period Momentum Indicator	(0.42)
	Relative Strength Index	53.88

Enbridge Corporate Filings

8K	5th of April 2024 Report filed with the SEC to announce major events that shareholders should know about	View Verify
	4th of April 2024 Other Reports	View Verify
13A	7th of March 2024 An amended filing to the original Schedule 13G	View Verify
8K	20th of October 2023 An amendment to a previously filed Form 8-K	View Verify

Enbridge time-series forecasting models is one of many Enbridge's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Enbridge's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Enbridge Stock media impact

Far too much social signal, news, headlines, and media speculation about Enbridge that are available to investors today. That information is available publicly through Enbridge media outlets and privately through word of mouth or via Enbridge internal channels. However, regardless of the origin, that massive amount of Enbridge data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.

A primary focus of Enbridge news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Enbridge relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Enbridge's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Enbridge alpha.

Enbridge Sentiment by Major News Outlets

Investor sentiment, mood or attitude towards Enbridge can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.

Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Enbridge Historical Investor Sentiment

Investor biases related to Enbridge's public news can be used to forecast risks associated with an investment in Enbridge. The trend in average sentiment can be used to explain how an investor holding Enbridge can time the market purely based on public headlines and social activities around Enbridge. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Enbridge's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Enbridge and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Enbridge news discussions. The higher the estimate score, the more favorable the investor's outlook on Enbridge.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Enbridge without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Latest Portfolios Now

Latest Portfolios

Quick portfolio dashboard that showcases your latest portfolios

All Next

Launch Module

Enbridge Corporate Directors

Enbridge corporate directors refer to members of an Enbridge board of directors. The board of directors generally takes responsibility for the Enbridge's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Enbridge's board members must vote for the resolution. The Enbridge board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

Stephen Poloz	Independent Director	Profile
Clarence Cazalot	Independent Director	Profile
George Petty	Independent Director	Profile
Adam McKnight	Director - Investor Relations	Profile

How to buy Enbridge Stock?

Examine Enbridge's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
Research Enbridge's leadership team and their track record. Good management can help Enbridge navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
Consider the overall health of the Oil & Gas Storage & Transportation space and any emerging trends that could impact Enbridge's business and its evolving consumer preferences.
Compare Enbridge's performance and market position to its competitors. Analyze how Enbridge is positioned in terms of product offerings, innovation, and market share.
Check if Enbridge pays a dividend and its dividend yield and payout ratio.
Review what financial analysts are saying about Enbridge's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.

Already Invested in Enbridge?

The danger of trading Enbridge is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Enbridge is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Enbridge. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Enbridge is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.

When determining whether Enbridge offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enbridge's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enbridge Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enbridge Stock: