Latest news with #ENB
Globe and Mail
a day ago
- Business
- Globe and Mail
Why Enbridge's Low-Risk Customer Base is a Win for Shareholders
Enbridge Inc. ENB in its first-quarter 2025 update claimed that more than 95% of its customers have an investment-grade credit profile. This means that most of the companies it does business with have been given strong credit ratings by independent agencies like Moody's or S&P. This indicates how creditworthy their customers are, which in turn signifies clients with high credit ratings will probably never miss payments for the midstream services they are getting from ENB. Thus, it can be said that the customers' strong financial standing signifies stable and predictable income for Enbridge. This predictable cash flow is supporting ENB's stable business model. With most of the contracts being long-term, and the customers having a high credit profile, Enbridge's overall activities have lower vulnerability to the volatility in oil and natural gas prices and uncertainty in the energy business. The midstream energy giants' stability in business secures stable and sustainable returns for shareholders. Enbridge has already rewarded shareholders with three decades of consecutive dividend increases. In the coming years, ENB will likely continue to reward its shareholders with attractive dividend yields, backed by its stable business model. Currently, ENB's dividend yield of almost 6% is higher than the 5.2% yield of the composite stocks belonging to the industry. Do EPD & KMI Also Have a High-Credit-Profile Customer Base? Like ENB, both Kinder Morgan KMI and Enterprise Products Partners LP EPD have a stable business model and are midstream energy majors. Both KMI and EPD are paying higher dividend yields than the oil-energy sector. While KMI's current yield of 4.3% is higher than the sector's 4.1%, EPD rewards unitholders with a 6.8% yield. Most of the time, both Kinder Morgan and Enterprise Products have been rewarding investors with higher yields than the sector over the past several years. This reflects the midstream players' stable business model, likely backed by customers with a handsome credit profile. ENB's Price Performance, Valuation & Estimates Shares of Enbridge have gained 37.6% over the past year, outpacing the 34.9% rally of the composite stocks belonging to the industry. From a valuation standpoint, ENB trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 15.20X. This is above the broader industry average of 13.93X. The Zacks Consensus Estimate for ENB's 2025 earnings hasn't been revised over the past seven days. ENB currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report Enbridge Inc (ENB): Free Stock Analysis Report Kinder Morgan, Inc. (KMI): Free Stock Analysis Report
Yahoo
2 days ago
- Business
- Yahoo
Enbridge (ENB) Stock Slides as Market Rises: Facts to Know Before You Trade
Enbridge (ENB) closed at $45.82 in the latest trading session, marking a -1.5% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.09% for the day. The oil and natural gas transportation and power transmission company's stock has climbed by 0.91% in the past month, falling short of the Oils-Energy sector's gain of 5.47% and the S&P 500's gain of 7.21%. The investment community will be paying close attention to the earnings performance of Enbridge in its upcoming release. The company is forecasted to report an EPS of $0.42, showcasing no movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $8.97 billion, indicating an 8.3% increase compared to the same quarter of the previous year. For the full year, the Zacks Consensus Estimates project earnings of $2.12 per share and a revenue of $37.6 billion, demonstrating changes of +6% and -3.54%, respectively, from the preceding year. It is also important to note the recent changes to analyst estimates for Enbridge. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.76% downward. Currently, Enbridge is carrying a Zacks Rank of #3 (Hold). Digging into valuation, Enbridge currently has a Forward P/E ratio of 21.91. This valuation marks a premium compared to its industry's average Forward P/E of 17.03. We can also see that ENB currently has a PEG ratio of 4.38. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Oil and Gas - Production and Pipelines industry was having an average PEG ratio of 2.57. The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 148, this industry ranks in the bottom 40% of all industries, numbering over 250. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Enbridge Inc (ENB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
27-05-2025
- Business
- Yahoo
Was Jim Cramer Right About Enbridge Inc. (ENB)?
We recently published a list of In this article, we are going to take a look at where Enbridge Inc. (NYSE:ENB) stands against other stocks that Jim Cramer discusses. A caller said he sold Dominion Energy and bought Enbridge Inc. (NYSE:ENB), asking whether he should hold and reinvest the dividend. Cramer affirmed: 'I like Enbridge. Continue to reinvest. I'm one of the few people that's liked Enbridge all the way down because I trust that management team.' Cramer's trust in management paid off with Enbridge gaining 23.90%. Enbridge Inc. (NYSE:ENB) operates North America's most extensive pipeline system and is expanding its renewable energy investments across wind and solar. A close-up of renewable energy turbines capturing the power of a windy sky. Cramer remains a big fan of the natural gas stock. Here's his analysis from May 13: 'What else? You know I'm a big fan of Enbridge, the Canadian pipeline colossus. Although their network also has lots of crude oil exposure, still, I think Enbridge belongs in any shortlist of natural gas plays because they operate the continent's largest natural gas utility by volume. These guys were always big in Canada, they run the main gas utility in Toronto. Overall, ENB ranks 5th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of ENB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ENB and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
12-05-2025
- Business
- Yahoo
Enbridge Reaffirms Guidance After Strong Q1 Rally
Enbridge (NYSE:ENB) posts a stronger-than-expected Q1 with record EBITDA, DCF and earnings, underpinned by U.S. utility acquisitions and high asset utilization. Enbridge delivered adjusted EPS of C$1.03 versus C$0.95 consensus and generated C$5.8 billion of adjusted EBITDA, beating no-street forecasts for that metric. Distributable cash flow per share rose to C$3.80, and operating cash flow totaled C$3.1 billion, only slightly below the C$3.2 billion from Q1 2024 despite seasonally heavy capex. Warning! GuruFocus has detected 11 Warning Signs with ENB. Liquids Mainline volumes hit a record 3.2 million barrels per day, and gas transmission and distribution benefited from new rate structures and contributions from recently acquired U.S. utilities. Renewables added to the mix with the 130 MW Orange Grove Solar project coming online. CEO Greg Ebel reaffirmed full-year guidanceadjusted EBITDA of C$19.4 billionC$20 billion and DCF per share of C$5.50C$5.90emphasizing the low-risk, utility-like model's resilience against commodity swings. The company has sanctioned C$3 billion of projects year-to-date, including Mainline optimization initiatives (up to C$2 billion) and a 10% stake in the Matterhorn Express Pipeline. Enbridge is also advancing a $14 billion pipeline of natural-gas power projects, with $1 billion$2 billion expected to sanction over the next 618 months. Why It Matters: Record results and robust project execution reinforce Enbridge's ability to invest C$3 billion annually in low-risk assets, supporting sustainable DCF growth. This article first appeared on GuruFocus. Sign in to access your portfolio
Telegraph
11-04-2025
- Entertainment
- Telegraph
The Forsythe Programme: Guaranteed to leave you with a great, giddy grin on your face
It was a snuffly, sleep-deprived critic who took his seat on Thursday evening, sensing that even staying awake for the evening's 85 minutes of entertainment would be a triumph. By the time it ended – some 15 minutes late, but hey-ho – I felt ready to spring up and run a marathon. A tribute to the great New York-born postmodern choreographer William Forsythe, English National Ballet's The Forsythe Programme comes in three zesty, entirely abstract, prop- and set-free parts. There's one borderline novelty – Rearray (London Edition 2025) – as well as Herman Schmerman (1992), a piece not seen in this country since the Royal Ballet last performed it almost 30 years ago. But it is the returning work, Playlist (EP) – beefed up for ENB in 2022 from two slightly earlier iterations – that will pull the crowds during this 10-day season. And it was this that proved so genuinely, ridiculously revivifying on the first night. If you were to imagine a Venn diagram with the structures and strictures of a Balanchine work in one circle and an exultant club night in the other, Playlist (EP) would sit perfectly in the middle. Forsythe reasons that pop music is pretty traditional in terms of its composition, and that its core rhythms have plenty in common with the music of the great Russian ballet composers (Tchaikovsky, Stravinsky, Prokofiev), but that 'pop is just more blatant in its desire to engender joyful physical expression'. And so, the piece plays out to six beat-driven tracks – from the neo-disco of Peven Everett's Surely Shorty, via the groovy soul of Sha La La Means I Love You by Barry 'Walrus of Love' White to Natalie Cole's exultant This Will Be an Everlasting Love. And my, does Forsythe whip up some joy. You can marvel at his organic, apparently effortless fusion and alternation of retooled ballet vocabulary and shuffling dance-floor moves, at his marvellous marshalling of a stage-full of dancers, the subtle variations in his responses to each songs, and his ever-ingenious way of wrapping each section. (Forsythe has a positively McCartney-like mastery of codas and conclusions.) On which subject, feel free, too, to beam in pure delight at the climactic reveal, which implies that a couple (here, the fabulously musical duo of Precious Adams and Junor Souza) have been shimmying away together, backstage and unseen, all the while. Or, as I suspect most people do, you can simply let its 30-odd-minutes tumble blissfully over you, grateful for the mixture of effervescence and (in the main) rigour that ENB's luminously clad dancers bring to the whole thing. As for the two hors d'oeuvres, Rearray – bulked up from a duo that Forsythe created in 2011 for the Sylvie Guilllem and Nicolas Le Riche, and here performed by the crack trio of Sangeun Lee, Henry Dowden and Rebtaro Nakaaki – is a spikier three-way 'conversation' that's at its best when the dancers are apparently trying (and barely managing) to cajole each other into various flavours of imitative, often line-fracturing movement. Created for New York City Ballet, the quintet from Herman Schmerman (its title taken from a line in the 1982 Steve Martin comedy Dead Men Don't Wear Plaid) is more playful, and was more groundbreaking back in the day in the apparent casualness with which the dancers stride around between sections. Even if their scores feel a bit wilfully spartan now, both hold the attention. But, as Hamlet famously said, the Playlist's the thing. And this, above all, is the piece guaranteed to leave you with a great, giddy grin on your face.
