Enbridge expects AI to fuel growing demand for power. The company's integrated energy infrastructure platform is in an excellent position to capitalize on AI-related opportunities.
The shares will be offered at Enbridge's (ENB) discretion, allowing sales to the public intermittently at current market prices.
The data points in Q1, 2024 earnings deck have made Enbridge from a decent dividend play to a very attractive one. It is not only the underlying business that continues to deliver double-digit growth rates, but also the assumed M&A strategy is injecting some strong tailwinds for ENB's value creation.
Enbridge, a cornerstone of energy security, offers value with a 7% dividend yield. Despite past setbacks, recent growth signals a promising future. Midstream assets like ENB gain Wall Street attention amid market shifts. Strong financials and strategic acquisitions bolster its position. ENB's record financial results and steady dividend growth make it an attractive investment. Despite past performance concerns, its current valuation suggests significant upside potential.
Enbridge stock is around 30% below its highs in 2015 and off around 20% from its 2022 peak. The company continues to pay a dividend year in and year out, with the annual streak of increases now up to 29 years.
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.