Enbridge: Quiet Stability Hiding Bigger Yield Potential By 2027
Summary
Enbridge demonstrated stable growth in Q3, driven by gas transmission, storage, and emerging renewables, despite modest liquid pipeline results.
ENB reaffirmed 2025 guidance, expecting adjusted EBITDA at the upper end of $19.4–$20 billion and distributable cash flow per share of $5.50–$5.90.
The stability, predictable cash generation, and attractive yield make ENB appealing, especially as interest rates eventually decline.
I maintain a Buy rating on ENB, with a slightly reduced price target of $58.28, citing undervaluation and consistent growth prospects.
Enbridge Inc. (ENB) stock has declined almost 2% since I initiated coverage in September for the midstream company. On Nov. 7, the company reported its third quarter earnings. In this report, I assess Enbridge’s Q3 earnings and update my price target for the
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This article was written by
Dhierin-Perkash Bechai is an aerospace, defense and airline analyst. Dhierin runs the investing group The Aerospace Forum, whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with significant growth prospects, and offers context to developments as they occur, describing how they might affect investment theses. His investing ideas are driven by data informed analysis. The investing group also provides direct access to data analytics monitors. Learn more.
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