Enbridge (ENB) came out with quarterly earnings of $0.40 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.46 per share a year ago.
Pipeline operator Enbridge missed market estimates for third-quarter profit on Friday, hurt by lower renewable power generation earnings.
Enbridge is a high-yielding midstream giant, but there's an important twist in the company's objective, and it's reflected in its portfolio.
Enbridge (ENB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
We had recently highlighted Pembina preferred shares as a good bet on higher rates. These appreciated quickly and gave us our expected performance in 3 weeks versus 3 months. We go over our next bet, this time from Enbridge.
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ENB has invited certain indigenous communities in Canada to a meeting to discuss the agreement in Edmonton, Alberta, to sell a stake in some of its pipelines in November this year.
The world will continue to need a lot of energy in the coming decade.
In the latest trading session, Enbridge (ENB) closed at $41.54, marking a -1.05% move from the previous day.
The energy infrastructure giant's evolution should continue.
In early 2022, the Fed's aggressive monetary tightening made yield-bearing assets like REITs, MLPs, and BDCs more attractive. Higher base rates pushed down multiples for blue-chip stocks, despite growing cash flows, creating opportunities for durable income investors to lock in high yields. The Fed's recent 50 basis points rate cut and expectations of further cuts have increased asset valuations, reducing the opportunity set.
Enbridge (ENB) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.