This week, I'm looking for the fourth consumer energy representative of four for my Ivy portfolio.

That energy sector includes six industries all related to bringing oil and gas to market. They are: drilling, exploration and production (E&P), equipment and services, integrated, midstream, refining & marketing. (Those six oily and gassy enterprises.)

Today I'm reviewing another large-cap oil and gas midstream firm, named Enbridge Inc ticker symbol is ENB.

Enbridge is an energy generation, distribution, and transportation company in 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.

Additionally, Enbridge generates renewable and alternative energy with 2,000 megawatts of capacity.

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.

I use three key data points to gauge the value of any dividend equity-like Enbridge Inc:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest.

Those first three primary keys, however, best tell whether a company has made, is making, and will make money.

ENB Price

Enbridge's price per share closed at $36.84 yesterday. A year ago its price was $30.89. The price rose $5.95 or nearly 19.3% in the past year.

Assuming Enbridge's stock trades in the range of $30 to $44 this year, Enterprise's recent $36.84 price could rise by $3.16 and go to $40.00 by early-April, 2020.

ENB Dividends

Enbridge's most recent Quarterly dividend was $0.5565 declared January 15th and paid, February 8th.

That $0.5565 Q dividend equates to an annual payout of $2.23 for a yield of 6.04% at yesterday's $36.84 closing price.

Gains For ENB?

Adding the $2.23 annual estimated dividend to my $3.16 estimate of Enbridge's price upside shows a $5.39 potential gross annual gain, per share, which will be reduced by costs to trade those shares.

Say we put a little under $1,000.00 today at the $36.84 recent stock price would buy us 27 Enbridge Inc shares.

A $10 broker fee paid half at purchase and half at sale costs $0.37 per share.

Subtract that $0.37 brokerage cost from the estimated $5.39 gross annual gain leaves a net gain of $5.02 X 27 shares

= $135.54 or a 13.6% net gain on a $994.68 investment.

Therefore, Enbridge Inc whose trading ticker symbol is ENB now shows a possible net gain of about 13.6% including a 6.04% dividend yield.

Twenty brokers cover this stock:

Eight say "buy" ENB shares.

Seven say ENB will "outperform" peers.

Five say "hold" ENB.

Therefore, you can look at Enbridge Inc and see it has made money, is making money, and could throw a net gain of 13.6% including a 6.04% dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. The actual results remain to be seen to determine if Enbridge Inc is worth your time and money.