Looking to buy Enbridge stock in Canada? Here’s what you need to know, including the current Enbridge stock price, online brokers with access to ENB stock and the answer to the question, “Is it a good time to buy Enbridge stock?” Read our guide below.
Enbridge is an oil & gas midstream business based in Canada. Enbridge stocks (ENB.TO) are listed on the TO and all prices are listed in Canadian Dollars. Its last market close was C$49.7 – a decrease of 1.01% over the previous week. Enbridge employs 11,200 staff and has a trailing 12-month revenue of around C$39.3 billion.
How to buy Enbridge stock in Canada
- Choose a platform. If you're a beginner, our stock trading table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: ENB in this case.
- Research Enbridge stocks. The platform should provide the latest information available.
- Buy your Enbridge stocks. It's that simple.
What's in this guide?
- Can I buy shares in Enbridge?
- Has coronavirus impacted Enbridge shares?
- Enbridge shares summary
- Compare share dealing platforms
- Is Enbridge stock a buy or sell?
- Enbridge performance over time
- Can I short Enbridge shares?
- Is Enbridge suitable for ethical investing?
- Are Enbridge shares over-valued?
- Enbridge's financials
- How volatile are Enbridge shares?
- Does Enbridge pay a dividend?
- Have Enbridge shares ever split?
- Other common questions
How has Coronavirus impacted Enbridge's stock price?
Since the stock market crash in March caused by coronavirus, Enbridge's stock price has had significant negative movement.
Its last market close was C$45.9, which is 17.01% down on its pre-crash value of C$55.31 and 38.84% up on the lowest point reached during the March crash when the stocks fell as low as C$33.06.
If you had bought C$1,000 worth of Enbridge stocks at the start of February 2020, those stocks would have been worth C$631.49 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth C$840.89.
Enbridge stock priceUse our graph to track the performance of ENB stocks over time.
Enbridge stocks at a glance
|Latest market close||C$45.9|
|52-week range||C$33.8346 - C$50.41|
|50-day moving average||C$49.3612|
|200-day moving average||C$46.6173|
|Wall St. target price||C$53.42|
|Dividend yield||C$3.265 (6.62%)|
|Earnings per share (TTM)||C$3.124|
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Note: The dollar amounts in the table below are in Canadian dollars.
Is it a good time to buy Enbridge stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Enbridge price performance over time
|1 month (2021-06-30)||-7.52%|
|3 months (2021-04-30)||-3.18%|
Is Enbridge under- or over-valued?
Valuing Enbridge stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Enbridge's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Enbridge's P/E ratio
Enbridge's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 16x. In other words, Enbridge stocks trade at around 16x recent earnings.
Enbridge's PEG ratio
Enbridge's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.2. A low ratio can be interpreted as meaning the stocks offer better value, while a higher ratio can be interpreted as meaning the stocks offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Enbridge's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Enbridge's EBITDA (earnings before interest, taxes, depreciation and amortisation) is CADC$12.9 billion.
The EBITDA is a measure of a Enbridge's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||CADC$39.3 billion|
|Operating margin TTM||23.27%|
|Gross profit TTM||CADC$18.4 billion|
|Return on assets TTM||3.45%|
|Return on equity TTM||9.83%|
|Market capitalisation||CADC$100.2 billion|
TTM: trailing 12 months
How to short and sell Enbridge stocks
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "ENB.TO"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 72.8 million Enbridge stocks held short by investors – that's known as Enbridge's "short interest". This figure is 4.4% down from 76.1 million last month.
There are a few different ways that this level of interest in shorting Enbridge stocks can be evaluated.
Enbridge's "short interest ratio" (SIR)
Enbridge's "short interest ratio" (SIR) is the quantity of Enbridge stocks currently shorted divided by the average quantity of Enbridge stocks traded daily (recently around 4.8 million). Enbridge's SIR currently stands at 15.1. In other words for every 100,000 Enbridge stocks traded daily on the market, roughly 15100 stocks are currently held short.
However Enbridge's short interest can also be evaluated against the total number of Enbridge stocks, or, against the total number of tradable Enbridge stocks (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Enbridge's short interest could be expressed as 0.04% of the outstanding stocks (for every 100,000 Enbridge stocks in existence, roughly 40 stocks are currently held short) or 0.036% of the tradable stocks (for every 100,000 tradable Enbridge stocks, roughly 36 stocks are currently held short).
A SIR above 10% would generally be considered pretty high, pointing to a potentially pessimistic outlook for the stock price and a discouraging interest in betting against Enbridge.
Find out more about how you can short Enbridge stock.
Enbridge's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Enbridge.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Enbridge's total ESG risk score
Total ESG risk: 31.21
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Enbridge's overall score of 31.21 (as at 01/01/2019) is nothing to write home about – landing it in it in the 43rd percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Enbridge is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Enbridge's environmental score
Environmental score: 13.59/100
Enbridge's environmental score of 13.59 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Enbridge is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Enbridge's social score
Social score: 14.25/100
Enbridge's social score of 14.25 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Enbridge is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Enbridge's governance score
Governance score: 7.37/100
Enbridge's governance score puts it squarely in the 7th percentile of companies rated in the same sector. That could suggest that Enbridge is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Enbridge's controversy score
Controversy score: 3/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Enbridge scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that Enbridge hasn't always managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
|Total ESG score||31.21|
|Total ESG percentile||43.32|
|Environmental score percentile||7|
|Social score percentile||7|
|Governance score percentile||7|
|Level of controversy||3|
Enbridge stock dividends
Dividend payout ratio: 1.34% of net profits
Recently Enbridge has paid out, on average, around 1.34% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 6.77% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Enbridge shareholders could enjoy a 6.77% return on their shares, in the form of dividend payments. In Enbridge's case, that would currently equate to about C$3.265 per share.
While Enbridge's payout ratio might seem low, this can signify that Enbridge is investing more in its future growth.
Enbridge's most recent dividend payout was on 1 June 2021. The latest dividend was paid out to all shareholders who bought their stocks by 13 May 2021 (the "ex-dividend date").
Have Enbridge stocks ever split?
Enbridge stocks were split on a 2:1 basis on 20 May 2011. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Enbridge stocks – just the quantity. However, indirectly, the new 50% lower stock price could have impacted the market appetite for Enbridge stocks which in turn could have impacted Enbridge's stock price.
Enbridge stock price volatility
Over the last 12 months, Enbridge's stocks have ranged in value from as little as C$33.8346 up to C$50.41. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a stocks volatility in relation to the market. The market (TO average) beta is 1, while Enbridge's is 0.931. This would suggest that Enbridge's stocks are less volatile than average (for this exchange).
Enbridge Inc. operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines, and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution and energy transportation activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, and waste heat recovery facilities; and transmission assets in North America and Europe. The Energy Services segment provides energy marketing services to refiners, producers, and other customers; and physical commodity marketing and logistical services in Canada and the United States. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.
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