Enbridge Inc (ENB) Stock AnalysisENBStock AnalysisEnbridge Inc

Enbridge Inc. is an energy transportation and distribution company. The Company's segments include Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. Liquids Pipelines consists of pipelines and terminals in Canada and United States that transport and export various grades of crude oil and other liquid hydrocarbons, including the Mainline System, Regional Oil Sands System, Gulf Coast and Mid-Continent, and Other. Gas Transmission consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and United States, including United States Gas Transmission, Canadian Gas Transmission, United States Midstream, and Other. Gas Distribution and Storage consists of its rate-regulated natural gas utility operations in Canada and United States. Renewable Power Generation consists primarily of investments in wind and solar assets, as well as equity interests in geothermal power and power transmission assets. It operates in the Energy sector (PIPE LINES (NO NATURAL GAS) industry).

Enbridge Inc is a good buy right now, trading at $50.20 with a forward P/E of 22.99, indicating potential for growth. The recent joint venture with KKR for a C$2.7 billion investment is a strong positive catalyst, enhancing future revenue streams. Additionally, the stock offers a dividend yield of 5.5%, making it attractive for long-term investors seeking income. However, the gross margin has dropped to 16% in Q2 2026, which is a significant risk to monitor.

12 analysts cover ENB: 6 rate it Buy, 6 Hold and 0 Sell. The average price target is 53.54.