10:12:55 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 1,724,354,289
Close 2018-11-12 C$ 43.52
Market Cap C$ 75,043,898,657
Recent Sedar Documents

Globe says buy out-of-favour Enbridge, earn 6.2%

2018-11-13 07:56 ET - In the News

The Globe and Mail reports in its Tuesday edition that investors have soured on pipelines in part because of the controversies they generate, but also because they are notoriously interest-rate sensitive. Globe columnist Gordon Pape writes that Enbridge has fallen from $51.04 in January to $43.77 now -- down almost 15 per cent. However, pipeline companies continue to produce good earnings and rising revenues. Enbridge recently reported adjusted third-quarter earnings of $933-million, or 55 cents a share. That compared with $632-million (39 cents a share) a year ago. For the first nine months, adjusted earnings were $3.4-billion ($2.01 a share) compared with just less than $2-billion ($1.33 a share) last year. New pipelines are still being built and more are on the way. Enbridge brought $7-billion of new projects into service in 2018. Enbridge's biggest project, the $9-billion Line 3 replacement project, has now cleared all legal hurdles and the company expects it to come into service in the second half of 2019. Enbridge expects to increase their dividends next year. Enbridge pays 67.1 cents a quarter ($2.68 annually) to yield 6.2 per cent at the current price. The next increase is expected in February.

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