Enbridge Stock Analysis

Enbridge Stock Analysis

Enbridge is a Canadian-based natural gas company in Calgary, Alberta. They own and operate pipelines across the US and Canada. Many Canadians heat their home with gas from one of Enbridge’s pipelines.

Being a big utility, many investors turn to Enbridge for consistency. It helps that their dividend history is strong as well.

Let’s dive into Enbridge’s business model and financials…

How does Enbridge make money?

Approximately 25% of the North American crude oil supply moves through Enbridge’s lines and they deliver about 20% of the natural gas consumed in the US (as per Enbridge website). 

They also claim to heat about 75% of the homes in Ontario (do you get an Enbridge bill?).

Enbridge is a publicly traded company, listed on both the NYSE and the TSX under the ticker “$ENB.”

On the TSX, Enbridge is trading at a price of $52.97 (as of close 6/23). On the NYSE Enbridge is trading at a price of $40.80 (as of close 6/23).

$ENB NYSE chart YTD (daily candles)

Enbridge also diversifies its business into more than just its bread and butter (transporting natural gas). They are heavily interested in growing the renewable energy sector, finding innovative ways to reduce emissions. 

Enbridge Stock Performance Through 2008 Crash 

(Sep 2008 open – November 2008 close)

$20.88 → $14.80 = -29.1%

Despite taking a hit, Enbridge did not do as bad as many other stocks because of their diversification and because they’re an essential utility. 

They were able to recover quickly and trade at their pre-crash stock price a little over a year (End of December 09’) after the crash ended. 

Enbridge Stock Dividend History

Enbridge is known for its great dividend history and increasing dividend yield over the years. 

At its peak, Enbridge had a 7.03% dividend yield in December of 2021.

Their current yield is 6.28% (as of 6/24/22). 

In the past 5 years, Enridge has never paid a dividend yield lower than 4.27% (6/27/2017) and has paid an average dividend yield of 6.26%.

Enbridge Stock Fundamentals (NYSE)

Total Revenue (2021)Net Income (2021)Gross Profit (2021)
Price to Sales (2021)Price to Earnings (2021)Market capitalization
Equity (2021)Debt (2021)Cash in the Bank (2021)

What do I do with this information

This is just the beginning.

Do you like Enbridge as a company? Are there other companies in their industry that you want to research?

Do your own due diligence before buying any stock.

That’s all for now.

Happy trading,

Your fellow Stock Hackers,

🍒Cherry & Erwin

P.S. The market dropped almost 20% between January and June this year. Many are worried it could keep going. Will the market crash? What are you supposed to do if it does crash? We unpack all of these questions in our latest FREE report, “What to do if the Market Crashes in 2022.” Download your free copy now!

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