Enbridge Inc, known by the ticker symbol ENB, is a large cap oil & gas integrated company in Canada and operates in the Energy business sector. This is my first report on ENB for my Viital stock portfolio, I reviewed it twice for my previous Sixth vista portfolio in September 2020 and June 2021 .

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. 

Photo by Martin Adams on Unsplash 

Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. 

The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company. 

Finally, the firm has a small renewable portfolio primarily focused on onshore and offshore wind projects.

The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. 

Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.

Three key data points gauge any dividend equity or fund such as Enbridge Inc. (ENB):

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money. 

ENB Price

Enbridge's price per share was $38.65 as of yesterday's market close. One year ago its price was $31.99. Therefore, Enbridge's share price rose $6.66 or 20.82% in the past year.

If ENB's stock trades in the range of $32.00 to $52.00 this next year, its recent $38.65 share price might rise by $6.35 to reach $45.00 by December 31, 2022. My estimate is $3.00 lower than the median of 1yr price estimates from fiver analysts who track ENB for brokerages.

ENB Dividends

Enbridge's most recent quarterly dividend of  $0.6768 is payable  March 1st, to shareholders of record February 14th. That quarterly dividend and the four estimated to come equal $2.71 annually and yield 7.00% per yesterday's $38.65 closing price. 

Enbridge Inc (ENB) has paid variable quarterly dividends since March 1,1985. That will 37 years come March.

ENB Returns

Adding the $2.71 annual estimated ENB forward-looking dividend to my $6.35 price upside estimate shows a $9.06 potential gross gain, per share, to be reduced by any costs to trade ENB shares.  

At yesterday's $38.65 price per share, a little over $1000 would buy 26 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at sale and might cost us about $0.38 per share.

Subtract that maybe $0.38 brokerage cost from my estimated $9.06 gross gain per share results in a net gain of $8.68 X 26 shares = $225.68 for a 22.56% net gain on a $1,004.90 investment.

So it is that Enbridge Inc (ENB) shows a possible 22.56% net gain including a 7.00% forward estimated dividend yield. 

Over the next year at this time a $1000 investment in Enbridge Inc (ENB) could generate $70.00 in cash dividends alone. Note that a single share of ENB stock bought at yesterday's closing price was $38.65. Therefore, ENB share price is nearly two times less than the dividend income from $1000.00 invested. Thus, according to my dogcatcher ideal, now is a prime time to pickup Enbridge Inc  (ENB) shares. The estimated next-year dividend from $1K invested is 1.8 times ENB's single share price. Consider yourself alerted. Its a sign!  

All of the estimates above are speculation based on the past history of Enbridge Inc (ENB). Only time and money invested in this stock will determine its market value.