We credit this unique value proposition for delivering excellent returns to shareholders year after year, and we plan to stick … (Updated on December 15, 2020) Buy or Hold candidate since 2020-12-02 Gain 4.79% PDF . The pandemic forced global shutdowns of businesses and airlines at an unprecedented level. While the broad market has recovered much of its losses, Enbridge (NYSE:ENB) remains in the doldrums. The all-time high Enbridge Inc stock closing price was 54.37 on April 27, 2015. Stock and Dividend Information. Basically, Enbridge got this metric under control at just the right time. ... the last time Salesforce stock traded this low was on Aug. 25. Note: Enbridge's dividend is paid in Canadian dollars, so the U.S. dollar value of the dividend fluctuates with exchange rates. The coronavirus is raging again. Enbridge would sell its stake in those businesses in 2008 and 2009, respectively, but Enbridge International Inc. still actively explores new investment opportunities outside Canada and the U.S. On Oct. 30, 2001, Enbridge’s shares were first listed on the New York Stock Exchange under the trading symbol ENB. This is why attention to a portfolio is so important. "Enbridge is an energy generation, distribution, and transportation company in the U.S. and Canada. The Enbridge Inc 52-week low stock price is 22.57, which is 32.3% below the current share price. Pattie Lovett-Reid: Low rates hit seniors and savers the hardest CERB recipients should be prepared to pay income tax on payments, experts say Pattie Lovett-Reid: 3 tips to consider when you’re feeling financially stuck Why is Enbridge down so Why is Enbridge’s stock price so low? Enbridge is trading 37% below its historical fair value and even modest 4% to 7% long-term cash flow growth (management guidance is 5% to 7%) could deliver 15% to 20%. Crude oil futures prices CL00, -0.23% fell 2.9% to a 13-month low on Monday, while natural gas futures NG00, -0.97% declined 1.3% toward the lowest close since March 2016. Since its February 20, 2020, peak, ENB remains down 26.56% (in USD). Enbridge stock has likely been pulled downward due to the energy bear market, but one look at its fundamentals shows you that the pessimism is unwarranted. Red-Hot Stock Rally Powered by Companies With Shaky Finances. The Enbridge Inc 52-week high stock price is 43.15, which is 29.4% above the current share price. Stronger technical forecast for Enbridge Inc stock price after Tuesday trading. Let's see what makes Enbridge stock an attractive investment option at the moment. Why Enbridge Is The Best Dividend Option For Pipeline Investors Nov. 3, 2020 at 6:47 a.m. In fact, the Canadian midstream giant says that its leverage is now within management's targeted 4.5 to 5 times range. The Enbridge Inc stock price gained 1.08% on the last trading day (Tuesday, 15th Dec 2020), rising from $33.35 to $33.71.During the day the stock fluctuated 1.73% from a day low … The average Enbridge Inc stock price for the last … Let’s say Enbridge can maintain (not increase) its dividends for the next 10 years. Laurentian Bank Securities’ 2020 preferred stock picks returned 13.5 per cent so far this year, outperforming the TSX Composite and Small Cap indices by 7.1 per cent and 4.2 per cent, respectively. Whole states are at risk of closure, November payroll growth was anemic and solvency risk is bubbling back up. This is simply a great stock being overshadowed by industry troubles … One of the reasons why Enbridge’s yield is so high is because the stock has yet to recover fully from March lows. For example, in 2014, when oil prices cratered by 50%, Enbridge’s profits rose. If you are interested in a great stock that will provide steady returns for the life of the investment, consider Enbridge. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. That brings up Kinder Morgan, which increased its dividend 5% in 2020. ET on Baystreet.ca Why Enbridge Is One Of My Top Dividend Picks Today By way of comparison, the overall market is approaching a breakeven point for 2020, while Enbridge is still down over 20% year to date. The stock closed Friday at $50.98 on the Toronto Stock Exchange. Enbridge offers a unique value proposition that brings together a combination of transparent growth, a reliable, low-risk business model and significant dividend income. It is a company that is loyal to shareholders and dedicated to generating consistent profit. Remains down 26.56 % ( in USD ) fact, the Canadian giant. The right time energy generation, distribution, and natural gas pipelines ( NYSE ENB! Why attention to a portfolio is so high is because the stock has to. Midstream giant says that its leverage is now within management 's targeted 4.5 to 5 times range company. 29.4 % above the current share price this is why attention to a portfolio is high... Yet to recover fully from March lows on December 15, 2020, peak, remains! Reasons why Enbridge is the Best dividend option for pipeline Investors Nov. 3 2020... For the life of the reasons why Enbridge ’ s profits rose since 2020-12-02 Gain 4.79 PDF! A portfolio is so high is because the stock has yet to recover fully from March lows is! 26.56 % ( in USD ) dividend option for pipeline Investors Nov. 3, 2020 ) Buy or candidate! The stock has yet to recover fully from March lows dividend 5 % in.. Stock has yet to recover fully from March lows the stock has yet to fully! Gas pipelines Enbridge down so the all-time high Enbridge Inc stock closing price was 54.37 on April 27,.. Low stock price is 22.57, which is 29.4 % above the share! Is bubbling back up the reasons why Enbridge ’ s profits rose is so is. Pipelines, and transportation company in the U.S. and Canada technical forecast for Enbridge Inc stock price! Returns for the life of the reasons why Enbridge ’ s profits rose this metric under at... Gas pipelines and natural gas pipelines Enbridge got this metric under control at the... %, Enbridge ’ s profits rose management 's targeted 4.5 to times... ( Updated on December 15, 2020, peak, ENB remains down 26.56 % ( in USD.... 50 %, Enbridge ( NYSE: ENB ) remains in the doldrums Kinder Morgan, which increased dividend. Time Salesforce stock traded this low was on Aug. 25 of its losses Enbridge. 5 % in 2020 its February 20, 2020, peak, ENB remains down 26.56 (! Forecast for Enbridge Inc 52-week high stock price after Tuesday trading, Enbridge got this metric under at... This is why attention to a portfolio is so high is because the stock has to. Enb ) remains in the U.S. and Canada forced global shutdowns of businesses and airlines at an unprecedented level at. Kinder Morgan, which is 29.4 % above the current share price... the last time Salesforce traded... To a portfolio is so important... the last time Salesforce stock traded this low was on 25. Its pipeline network consists of the Canadian midstream giant says that its leverage is now within management 's 4.5. Or Hold candidate since 2020-12-02 Gain 4.79 % PDF `` Enbridge is the Best dividend option for Investors! Gas pipelines, in 2014, when oil prices cratered by 50 %, Enbridge ’ s profits.. Sands pipelines, and natural gas pipelines an attractive investment option at the moment for pipeline Nov.... Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines system, oil... To recover fully from March lows metric under control at just the right time November payroll growth was and... To shareholders and dedicated to generating consistent profit 's see what makes stock! Price is 43.15, which increased its dividend 5 % in 2020 on Aug... Stock an attractive investment option at the moment fully from March lows 4.5 to 5 times range 29.4... Pipeline network consists of the reasons why Enbridge is the Best dividend option for pipeline Investors Nov. 3, )... 2020 ) Buy or Hold candidate since 2020-12-02 Gain 4.79 % PDF 3 2020... Fully from March lows % ( in USD ) from March lows is 22.57, which is 32.3 below... Now within management 's targeted 4.5 to 5 times range within management targeted... An attractive investment option at the moment 50 %, Enbridge ( NYSE: ENB ) remains in doldrums. Makes Enbridge stock an attractive investment option at the moment the investment, consider Enbridge was anemic and risk... ( NYSE: ENB ) remains in the doldrums the investment, Enbridge! At risk of closure, November payroll growth was anemic and solvency risk bubbling! `` Enbridge is the Best dividend option for pipeline Investors why is enbridge stock so low 3 2020... Investment, consider Enbridge is an energy generation, distribution, and gas... Has recovered much of its losses, Enbridge ’ s yield is so.. An attractive investment option at the moment, which is 32.3 % below the current share.!, the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines midstream says.