Stock Pulse
Enbridge (ENB) announced ambitious growth plans through 2030, focusing on oil & gas, renewables, and gas distribution, backed by a $50 billion investment and a $29 billion secured project backlog [2]. They reaffirmed their positive financial outlook, projecting continued growth in EBITDA, EPS, and DCF per share through 2026 and beyond [2]. This supports their 30-year history of dividend increases, currently yielding 6.3%, and projections for 3-5% annual dividend growth [1], [2], [7]. A DCF analysis suggests ENB is currently undervalued by 35% [3]. While one analysis ranks Enbridge lower than a competitor on valuation metrics [4], the strong Q4 results, consistent financial guidance, and growth initiatives reinforce a positive outlook [7]. Steven W. Williams will become the new Chair of the Board in 2025, bringing extensive energy industry experience [5], [6].