Stock Price & Analysis

Based on the latest market data and analysis, here's a direct assessment of ENB stock:

Technical Analysis The stock is showing bullish momentum with RSI at 66.68, indicating strong but not overbought conditions. The stock closed at $44.51 on Friday with a positive regular market change of +1.09%, suggesting upward momentum.

Fundamental Strength The company has announced a 3% dividend increase for 2025 and projects 9% adjusted EBITDA growth. Enbridge's 2025 guidance shows DCF/share expected at CAD $5.7 (USD $4), representing a healthy DCF yield of approximately 9.8%.

Growth Catalysts

• Strong positioning in natural gas infrastructure with 45% of North America's gas-fired generation within 50 miles of its network
• Expected 20 Bcf/d of gas demand growth through 2030
• Recent acquisition of three natural gas utilities from Dominion Energy strengthens its clean energy transition strategy

Recent Analyst Action RBC Capital maintained a Buy rating with a price target of $63, implying a 44.36% upside potential from current levels.

Recommendation Based on the strong technical momentum, solid fundamentals, and positive analyst outlook, buying ENB stock at current levels appears favorable, particularly for investors seeking income with its 6.4% dividend yield.

Based on the provided data and market context, here's the price prediction analysis for ENB stock in 2025:

Technical Analysis

Price Target Analysis The stock shows a strong upward momentum with current price at $44.51 (as of Jan 17, 2025). Based on technical indicators and recent market developments:

ENB is expected to reach $48-50 by end of 2025, representing a ~12-15% upside from current levels. This projection is supported by three key factors:

1. Strong EBITDA growth acceleration with management guiding 9% growth in 2025, backed by well-diversified $27 billion capital investment plans through 2029.

2. Favorable energy demand outlook with U.S. energy consumption projected to grow at 2.4% CAGR through 2030, particularly driven by data center demand.

3. TD Cowen's positive coverage highlighting ENB's robust growth platform and strong natural gas exposure positioning.

Risk Factors The main downside risk is interest rate sensitivity given ENB's large debt balance, which could impact financing costs. However, management's 2025 financial outlook has already incorporated higher interest rate effects.

Remember that stock price predictions involve uncertainty and actual results may differ significantly. Investors should conduct their own research and consider their risk tolerance before making investment decisions.

The S1 support level for ENB Stock is $43.47 ,The R1 resistant level for ENB Stock is $45.44.

As of the end of day on 2025-01-24, the price of ENB Stock was $45.294.

The target price for ENB Stock according to analyst rating is 47.05, with the highest price target at 63.00 and the lowest at 40.91. Analysts have a Moderate Buy rating on ENB Stock overall.

The market cap of ENB is $98.2B.

Based on the provided data and current valuation metrics, I'll analyze whether ENB is overvalued.

Valuation Analysis ENB currently trades at a P/E of 18.71x, which is above its recent quarterly average . The EV/EBITDA ratio has increased from 14.55x to 15.37x over the past three quarters, showing an upward trend in valuation multiples.

Growth and Financial Health The company has demonstrated solid fundamentals with record Q3 EBITDA of $4.2 billion in 2024, representing an 8% year-over-year increase. Management is guiding for robust 7-9% annual EBITDA growth between now and 2026, supported by a balanced mix of internal and external growth initiatives.

Strategic Position Enbridge has successfully transformed into a self-funding entity after consolidating all partnerships, reducing reliance on equity issuance for growth. The company maintains a strong BBB+ credit rating and has $1.4 billion in cash, demonstrating financial stability.

Market Assessment The stock's current dividend yield of 7.37% is notably higher than historical levels, suggesting potential undervaluation from an income perspective. The company's $27 billion project backlog and strategic positioning in the LNG export market provide substantial growth opportunities.

Final Verdict While traditional valuation metrics show slightly elevated levels, ENB is not overvalued when considering its strong growth prospects, strategic positioning, and attractive dividend yield. The company's transformation to a self-funding model and robust project backlog justify current valuation levels.

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. The Liquids Pipelines include marketing of crude oil and consist of pipelines and terminals in Canada and the United States that transport and export various grades of crude oil and other liquid hydrocarbons. The Gas Transmission consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage consists of its natural gas utility operations. The Renewable Power Generation consists of investments in wind and solar assets, geothermal, waste heat recovery, and transmission assets. The Company owns Questar Gas utility, Enbridge Gas North Carolina utility, Aitken Creek Gas Storage facility and Aitken Creek North Gas Storage facility.

Based on the provided data and market analysis, here is the 2030 price prediction for Enbridge (ENB) stock:

ENB stock is projected to reach $75-80 by 2030, driven by its strong natural gas infrastructure platform expansion and successful integration of utility acquisitions. The company's robust $27 billion capital investment plan through 2029 and expected 3-5% annual distributable cash flow growth provide solid fundamentals for long-term appreciation. The ongoing energy transition and Enbridge's strategic positioning in both traditional and renewable energy segments support this bullish outlook.

ENB has a total of 11500 employees.