Enbridge Inc's stock fell by 3.99% as it hit a 20-day low, contrasting with the positive performance of the broader market, where the Nasdaq-100 rose by 0.80% and the S&P 500 increased by 0.55%.
This decline occurs despite the company's recent announcement of its 31st consecutive dividend increase, which enhances its appeal among high-yield stocks. The dividend growth, expected to average around 5% annually post-2026, reflects Enbridge's stable income model and strong competitive position in the energy sector. However, the stock's movement suggests sector rotation as investors shift focus away from utility stocks amid broader market gains.
The implications of this price movement indicate that while Enbridge continues to provide stable returns through its dividend policy, the current market dynamics may lead investors to explore other sectors, impacting the stock's performance in the short term.
Wall Street analysts forecast ENB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ENB is 49.75 USD with a low forecast of 44.63 USD and a high forecast of 51.83 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
Wall Street analysts forecast ENB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ENB is 49.75 USD with a low forecast of 44.63 USD and a high forecast of 51.83 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Buy
6 Hold
0 Sell
Moderate Buy
Current: 48.020
Low
44.63
Averages
49.75
High
51.83
Current: 48.020
Low
44.63
Averages
49.75
High
51.83
JPMorgan
Overweight -> Neutral
downgrade
$74 -> $69
2026-01-27
New
Reason
JPMorgan
Price Target
$74 -> $69
AI Analysis
2026-01-27
New
downgrade
Overweight -> Neutral
Reason
JPMorgan downgraded Enbridge to Neutral from Overweight with a price target of C$69, down from C$74. The company's crude oil segment, which accounts for roughly 50% of its EBITDA, faced below-peer growth prospects even before the Venezuelan competitive threat emerged, the analyst tells investors in a research note. JPMorgan believes Enbridge's per share growth will be "increasingly difficult over time" amid Venezuelan oil supply risk.
Scotiabank
Sector Perform -> Outperform
upgrade
$73
2026-01-16
Reason
Scotiabank
Price Target
$73
2026-01-16
upgrade
Sector Perform -> Outperform
Reason
Scotiabank upgraded Enbridge to Outperform from Sector Perform with a C$73 price target.
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Scotiabank
Robert Hope
Sector Perform -> Outperform
upgrade
$70 -> $73
2026-01-16
Reason
Scotiabank
Robert Hope
Price Target
$70 -> $73
2026-01-16
upgrade
Sector Perform -> Outperform
Reason
Scotiabank analyst Robert Hope upgraded Enbridge to Outperform from Sector Perform with a price target of C$73, up from C$70. The company secured $12B of projects in 2025 and should continue to land "attractive" deals in its natural gas pipeline and utility businesses, the analyst tells investors in a research note. Scotiabank expects Enbridge's mainline crude oil system "will continue to operate at capacity even as it is further expanded." The firm sees further share upside as the market gains confidence in Enbridge's gas levered growth profile.
RBC Capital
Maurice Choi
Outperform
maintain
$67 -> $72
2025-11-10
Reason
RBC Capital
Maurice Choi
Price Target
$67 -> $72
2025-11-10
maintain
Outperform
Reason
RBC Capital analyst Maurice Choi raised the firm's price target on Enbridge to C$72 from C$67 and keeps an Outperform rating on the shares. The company delivered another set of financial results that reinforces Enbridge's communicated growth outlooks, and the firm also likes how the projects sanctioned during Q3 highlight the breadth and depth of its backlog of opportunities as well as the management's disciplined approach of allocating capital to projects with competitive risk-adjusted returns, the analyst tells investors in a research note.
About ENB
Enbridge Inc. is an energy transportation and distribution company. The Company's segments include Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. Liquids Pipelines consists of pipelines and terminals in Canada and United States that transport and export various grades of crude oil and other liquid hydrocarbons, including the Mainline System, Regional Oil Sands System, Gulf Coast and Mid-Continent, and Other. Gas Transmission consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and United States, including United States Gas Transmission, Canadian Gas Transmission, United States Midstream, and Other. Gas Distribution and Storage consists of its rate-regulated natural gas utility operations in Canada and United States. Renewable Power Generation consists primarily of investments in wind and solar assets, as well as equity interests in geothermal power and power transmission assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
