The stocks offer a good mix of value, growth, and dividend income.
In the closing of the recent trading day, Enbridge (ENB) stood at $41.15, denoting a +0.19% change from the preceding trading day.
Enbridge has an exceptional record of growing value for its investors.
Enbridge's fixed rate perpetual preferred shares are a "hold" due to their lower yields compared to resettable preferred shares and common stock. Enbridge's distributable cash flow is strong, covering preferred dividends with less than 4% of DCF, ensuring dividend security for preferred shareholders. The Series A preferred shares, yielding approximately 6%, are less attractive than common stock and Series 3 preferred shares, which offer higher returns.
Enbridge has rallied significantly since I last covered it earlier this year and rated it a Buy. I re-examine the investment thesis in this article. I also compare it to TC Energy, which I previously preferred to ENB and has significantly outperformed ENB over the past year.
Enbridge is finding no shortage of growth opportunities these days.
The move comes as part of ENB's ongoing efforts to strengthen its presence in the region, catering to rising global energy demands.
Competition between ENB's Mainline system and the Trans Mountain pipeline created some pricing pressure. But the larger picture I'm seeing still points to robust earnings growth given the profit stability surrounding its Mainline system. Rising electricity demand in the U.S. and Canada, driven by advancements in AI and other digital applications, provides another strong catalyst for ENB.
ENB expands its U.S. footprint by acquiring PSNC, integrating the utility's strong growth potential and natural gas infrastructure into key North Carolina markets.
Zacks.com users have recently been watching Enbridge (ENB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Enbridge has now closed all three gas utility acquisitions from Dominion.
Enbridge (ENB) concluded the recent trading session at $41.14, signifying a +1.31% move from its prior day's close.