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Enbridge Inc ENB

Morningstar Rating
$35.47 −0.20 (0.56%)
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Company Report

Enbridge Has Completed Two of the Three Utilities Purchases From Dominion Energy

Enbridge stands out among North American midstream operators with a utilitylike earnings profile. Its most important asset, the Mainline system, controls over 70% of Canada's takeaway capacity and is linked to highly complex US refineries that value heavy oil, so demand remains secure in the near to medium term despite the increase in US light oil production. Over 80% of Enbridge's EBITDA is protected against inflation.

Price vs Fair Value

ENB is trading at a 453% premium.
Price
$35.67
Fair Value
$28.00
Uncertainty
Medium
1-Star Price
$99.52
5-Star Price
$32.50
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Enbridge is the liquids-focused version of gas-oriented Williams in terms of an attractive, highly regulated, utilitylike earnings profile.

Bears

Due to its size and profile, Enbridge is a lightning rod for ESG-related legal and stakeholder challenges across its assets, including Lines 3 and 5 and its small stake in the troubled Dakota Access pipeline.

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News

Trading Information

Previous Close Price
$35.67
Day Range
$35.3035.58
52-Week Range
$31.0338.37
Bid/Ask
$35.47 / $35.48
Market Cap
$75.41 Bil
Volume/Avg
4.6 Mil / 5.6 Mil

Key Statistics

Price/Earnings (Normalized)
16.83
Price/Sales
2.35
Dividend Yield (Trailing)
7.43%
Dividend Yield (Forward)
7.50%
Total Yield
7.49%

Company Profile

Enbridge owns extensive midstream assets that transport hydrocarbons across the US and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company. The firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.
Sector
Energy
Industry
Oil & Gas Midstream
Stock Style Box
Large Value
Total Number of Employees
11,500

Competitors

Valuation

Metric
ENB
EPD
KMI
Price/Earnings (Normalized)
16.8311.0417.82
Price/Book Value
1.782.231.45
Price/Sales
2.351.202.88
Price/Cash Flow
8.097.566.99
Price/Earnings
ENB
EPD
KMI

Financial Strength

Metric
ENB
EPD
KMI
Quick Ratio
0.420.610.33
Current Ratio
0.680.930.50
Interest Coverage
2.935.452.80
Quick Ratio
ENB
EPD
KMI

Profitability

Metric
ENB
EPD
KMI
Return on Assets (Normalized)
3.32%8.30%3.46%
Return on Equity (Normalized)
10.71%21.13%7.89%
Return on Invested Capital (Normalized)
6.08%12.21%6.00%
Return on Assets
ENB
EPD
KMI
See how this stock stacks up to its competitors with Morningstar Investor

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