E Daily Stock Analysis: Enbridge Inc

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Enbridge Inc is known by the ticker symbol ENB and is a member of the energy business sector as another large-cap oil and gas midstream facilities operator. This is my second report on Enbridge Inc for this Vista portfolio. I last reported on Enbridge Inc on July 21, 2020.

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

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 renewables 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. 

The company was founded in 1949 and is headquartered in Calgary, Canada.

Three key data points gauge dividend equities or funds like Enbridge Inc:

(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 $39.83 as of yesterday's market close. One year ago its price was $30.42. So ENB price has gained almost 31% in the past year. 

Should ENB's stock trade in the range of $25 to $45.00 this next year, its recent $39.84 price might rise by $1.16 to reach $41.00 by June 30, 2022. My estimate is about $1 higher than the medan of annual price gains estimated by 23 analysts tracking ENB for brokerages.

ENB Dividends

Enbridge Inc's most recent quarterly dividend payout of about $0.69 was paid June 1, 2021, and equates to  $2.76 annually to yield 6.82% annually based on yesterday's $39.83 closing price. ENB has paid increasing annual dividends for 25 years.

ENB Returns

Adding the $2.76 annual ENB forward-looking dividend to my $1.17 price upside estimate shows a $3.93 potential gross gain, per share, to be reduced by any costs to trade Ebridge Inc shares.  

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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