Enbridge Inc logo

Enbridge Inc(ENB)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$49.2
11/02/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for ENB

11/02/2026: ENB (1-star) is currently NOT-A-BUY. Pass it for now.

Enbridge Inc is a major North American energy infrastructure provider known for its extensive liquids pipeline and natural gas distribution networks. The company holds a leading position in the industry, offering investors a stable, high-yield dividend backed by long-term, regulated contracts. Its primary growth opportunity lies in expanding natural gas exports and integrating renewable energy projects, though the company faces significant regulatory, environmental, and debt-related risks. Enbridge is particularly well-suited for dividend-focused and value-oriented investors who prioritize income stability. Market participants should closely monitor project permit approvals and interest rate developments, which remain critical factors for the company’s capital-intensive business model and overall valuation.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is steady rather than exponential, driven by utility-like expansion.
Momentum investorMixed fitMomentum is often secondary to the long-term income-generating profile of the stock.
Value investorStrong fitAttractive valuation relative to the high-quality, long-life assets owned by the company.
Dividend investorStrong fitEnbridge is a premier pick for income seekers due to its long history of dividend growth.
Low-risk investorStrong fitRegulated and contract-backed cash flows reduce volatility compared to pure-play energy producers.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumWhile buffered by contracts, the stock price remains sensitive to interest rate changes and sector sentiment.
Valuation riskLowThe company is generally valued based on consistent DCF metrics rather than speculative growth multiples.
Competition risk (Infrastructure)MediumCompeting pipeline operators like TC Energy can challenge for new project approvals and market share.
Business qualityStrongEnbridge owns an irreplaceable, vital network of energy infrastructure.
Dividend incomeStrongThe dividend is supported by stable, highly predictable cash flows from regulated assets.
Execution riskMediumNavigating complex regulatory environments and large-scale construction poses operational challenges.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 3.15%
Avg. Invested days 42
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/02/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
ENB receives a 3-star rating, supported by solid quantitative characteristics, and solid analyst coverage. The rating is constrained by soft unit economics, weak price momentum, and limited analyst upside.

Company Fundamentals

★★★★★
ENB has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+37.7%) and solid revenue growth (+21.9%) are partially offset by soft cash generation (FCF margin 4.8%), very low insider ownership of 0.12%.

Financial Health Rating

★★★★★
ENB's financial health is supported by strong cash strength, including free-cash-flow generation of $3.1B (4.8% of revenue). Liquidity is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is ENB's strongest growth driver at +37.7% FY2025 versus FY2024 (strong, 5 stars). By comparison, revenue growth (+21.9%, solid) is also solid, while free-cash-flow growth (-45.2%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 51.9% and approximately 97.8% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.12%, which materially reduces the ownership score.

Top 5 Institutional Investors

Royal Bank of Canada 4.86%
Vanguard Capital Management, LLC 2.82%
Bank of Montreal 2.76%
BMO Capital Markets Corp. 2.76%
GQG Partners LLC 2.20%

Unit Economics (Per $1K Revenue)

★★★★★
ENB generates approximately $330 of gross profit, $168 of operating income, and $48 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Moderate margins explain the 2-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 20.46%

Quantitative Style Profile

★★★★★
ENB has a large-cap, liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilityLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 109.66B USD
Price to earnings Ratio 26.31
1Y Target Price 51.59
Price to earnings Ratio 26.31
1Y Target Price 51.59
Volume (30-day avg) 4.1M shares
Beta 0.79
52 Weeks Range 43.09 - 57.66
Updated Date 11/02/2026
52 Weeks Range 43.09 - 57.66
Updated Date 11/02/2026
Dividends yield (FY) 7.74%
Basic EPS (TTM) 1.87

How Company Makes Money

Business areaWhat it includesRetail investor read
Liquids PipelinesTransportation of crude oil through the Mainline and regional systems.This is the primary revenue engine, relying on long-term volume commitments.
Gas TransmissionTransmission of natural gas across vast pipeline networks to utility and industrial hubs.Provides stable, fee-based cash flows disconnected from daily oil price swings.
GeographyOperations primarily across the US and Canada.Geographic diversification reduces reliance on any single regulatory or economic environment.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2026-11-06
When Before Market
Estimate 0.36
Actual -

Profitability

Profit Margin 7.34%
Operating Margin (TTM) 10.16%

Management Effectiveness

Return on Assets (TTM) 3.29%
Return on Equity (TTM) 9.22%

Valuation

Trailing PE 26.31
Forward PE 20.66
Enterprise Value 193.72B
Price to Sales(TTM) 1.31
Enterprise Value 193.72B
Price to Sales(TTM) 1.31
Enterprise Value to Revenue 3.25
Enterprise Value to EBITDA 14.4
Shares Outstanding 2.23B
Shares Floating 2.18B
Shares Outstanding 2.23B
Shares Floating 2.18B
Percent Insiders 0.12
Percent Institutions 51.88

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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