Enbridge Stock Today

ENB Stock  CAD 50.17  0.43  0.86%   

Performance

8 of 100

 
Weak
 
Strong
OK

Odds Of Distress

Less than 3

 
High
 
Low
Very Low
Enbridge is selling at 50.17 as of the 20th of July 2024; that is 0.86 percent increase since the beginning of the trading day. The stock's open price was 49.74. Enbridge has a very small chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Enbridge are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of June 2024 and ending today, the 20th of July 2024. Click here to learn more.
Business Domain
Energy
The company operates through five segments Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada. ENBRIDGE INC operates under Oil Gas Midstream classification in Canada and is traded on Toronto Stock Exchange. The company has 2.13 B outstanding shares of which 63.66 M shares are currently shorted by private and institutional investors with about 12.14 days to cover all short positions. More on Enbridge

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Enbridge Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Enbridge's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Enbridge or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Enbridge's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Enbridge's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEOAlbert Monaco
Business ConcentrationOil & Gas Storage & Transportation, Oil & Gas Midstream, Energy, Energy, Oil, Gas & Consumable Fuels, Oil & Gas Midstream, Energy (View all Sectors)
Enbridge's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Enbridge's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Debt Levels
Enbridge can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Enbridge's financial leverage. It provides some insight into what part of Enbridge's total assets is financed by creditors.
Liquidity
Enbridge cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. Enbridge has accumulated 6.48 B in total debt with debt to equity ratio (D/E) of 1.22, which is about average as compared to similar companies. Enbridge has a current ratio of 0.57, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Enbridge until it has trouble settling it off, either with new capital or with free cash flow. So, Enbridge's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Enbridge sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enbridge to invest in growth at high rates of return. When we think about Enbridge's use of debt, we should always consider it together with cash and equity.

Other Cashflows From Financing Activities

10.34 Billion
Enbridge (ENB) is traded on Toronto Exchange in Canada and employs 11,500 people. Enbridge is listed under Oil & Gas Storage & Transportation category by Fama And French industry classification. The company currently falls under 'Mega-Cap' category with a current market capitalization of 106.67 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Enbridge's market, we take the total number of its shares issued and multiply it by Enbridge's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Enbridge operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 2.13 B outstanding shares of which 63.66 M shares are currently shorted by private and institutional investors with about 12.14 days to cover all short positions. Enbridge has accumulated about 861 M in cash with 14 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.69.
Check Enbridge Probability Of Bankruptcy
Ownership Allocation
Enbridge retains a total of 2.13 Billion outstanding shares. Over half of Enbridge's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that obtain positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Enbridge. Please watch out for any change in the institutional holdings of Enbridge as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Enbridge Ownership Details

Enbridge Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Enbridge market risk premium is the additional return an investor will receive from holding Enbridge long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Enbridge. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Enbridge's alpha and beta are two of the key measurements used to evaluate Enbridge's performance over the market, the standard measures of volatility play an important role as well.

Enbridge Stock Against Markets

Be your own money manager

Our tools can tell you how much better you can do entering a position in Enbridge without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Enbridge Corporate Directors

Jonathan GouldDirector, Investor RelationsProfile
Teresa MaddenIndependent DirectorProfile
Susan CunninghamIndependent DirectorProfile
Pamela CarterIndependent DirectorProfile

Additional Information and Resources on Investing in Enbridge Stock

When determining whether Enbridge offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enbridge's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enbridge Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enbridge Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enbridge. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Please note, there is a significant difference between Enbridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enbridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enbridge's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.