Here's Why Hold Strategy is Apt for Enbridge (ENB) Stock Now

Zacks04-19

Enbridge Inc. ENB has witnessed upward estimate revisions for 2024 and 2025 earnings in the past 30 days. The Zacks Consensus Estimate for the company’s 2024 and 2025 earnings per share is pegged at $...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Hold Strategy is Apt for Enbridge (ENB) Stock Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-19 22:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/heres-why-hold-strategy-apt-143200895.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Enbridge Inc. ENB has witnessed upward estimate revisions for 2024 and 2025 earnings in the past 30 days.\nThe Zacks Consensus Estimate for the company’s 2024 and 2025 earnings per share is pegged at $...</p>\n\n<a href=\"https://finance.yahoo.com/news/heres-why-hold-strategy-apt-143200895.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GLP","symbol_name":"全球合伙","start_time":0,"source_url":"https://finance.yahoo.com/news/heres-why-hold-strategy-apt-143200895.html","article_id":"2428669874","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ASssTeY55AjnPNR42COs2A--~B/aD0zNDk7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/284cd195f1b0e007821e04d087111e93"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428669874","pubTimestamp":1713537120,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Enbridge Inc.ENB has witnessed upward estimate revisions for 2024 and 2025 earnings in the past 30 days.The Zacks Consensus Estimate for the company’s 2024 and 2025 earnings per share is pegged at $2.12 and $2.22, respectively.Enbridge operates the world's most extensive and advanced crude and liquids pipeline system, spanning 17,809 miles, and is known for its low-risk business model. In Canada, it is the largest natural gas distributor, with transportation operations forming a significant part of its earnings. These operations are supported by long-term contracts, with Enbridge handling approximately 30% of the crude oil produced in North America. This extensive contractual base is expected to provide stable future cash flows.In 2023, Enbridge reported a strong financial performance with a 6% year-over-year increase in adjusted EBITDA to $16.5 billion and a 1% increase in distributable cash flow per share to $5.48. The company's debt-to-EBITDA ratio stood at 4.1X, well within the tar","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GLP":"全球合伙","BK4590":"PTP","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","BK4588":"碎股","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","BK4144":"石油与天然气的储存和运输","ERF":"艾诺加能源基金","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","BK4585":"ETF&股票定投概念","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","ENB":"安桥","LU0238689110.USD":"贝莱德环球动力股票基金","BK4213":"石油与天然气的勘探与生产","SM":"SM Energy"},"translate_title":"以下是为什么持有策略现在适合安桥（Enbridge）的股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ENB":1,"GLP":1,"SM":1,"ERF":0.9},"content_text":"Enbridge Inc. ENB has witnessed upward estimate revisions for 2024 and 2025 earnings in the past 30 days.\nThe Zacks Consensus Estimate for the company’s 2024 and 2025 earnings per share is pegged at $2.12 and $2.22, respectively.\nFactors Favoring the Stock\nEnbridge operates the world's most extensive and advanced crude and liquids pipeline system, spanning 17,809 miles, and is known for its low-risk business model. In Canada, it is the largest natural gas distributor, with transportation operations forming a significant part of its earnings. These operations are supported by long-term contracts, with Enbridge handling approximately 30% of the crude oil produced in North America. This extensive contractual base is expected to provide stable future cash flows.\nIn 2023, Enbridge reported a strong financial performance with a 6% year-over-year increase in adjusted EBITDA to $16.5 billion and a 1% increase in distributable cash flow per share to $5.48. The company's debt-to-EBITDA ratio stood at 4.1X, well within the target of 4.5X to 5X, indicating robust financial health and efficient operations.\nEnbridge also marked its 29th consecutive year of dividend increases, announcing a 3.1% rise in its quarterly dividend to 91.50 cents per share ($3.66 annually). This consistent growth in dividends, supported by strong cash flow, is a positive indicator for income-focused investors.\nStrategically, ENB has expanded its asset portfolio with a $14-billion bid to acquire three utilities, securing more than 75% of the funding needed. This acquisition would significantly enhance its gas distribution business, positioning it as North America's largest natural gas provider. Enbridge has completed its acquisition of The East Ohio Gas Company, strengthening its presence in the U.S. utility sector.\nThe company also reported high utilization of its pipeline systems, such as the Mainline and Gray Oak, reflecting efficient asset management and potential for revenue growth. With an expected 8% increase in drilling activities by Canadian oil and gas producers in 2024, pipeline utilization is likely to increase.\nEnbridge has committed to $10 billion in new projects, including investments in renewable energy, and has put $2 billion of secured organic growth into service. These initiatives highlight ENB's forward-thinking approach and its commitment to long-term value creation.\nRisks\nThe company concluded 2023 with a substantial long-term debt totaling C$81.2 billion and a relatively modest cash reserve of C$5.9 billion. Additionally, the current portion of the long-term debt amounted to C$6.1 billion. These figures highlight potential vulnerabilities in the company's balance sheet, which may raise concerns regarding its financial health and its capacity to effectively handle its debt obligations.\nZacks Rank & Stocks to Consider\nCurrently, ENB carries a Zacks Rank #3 (Hold).\nInvestors interested in the energy sector might look at the following companies, each presently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nGlobal Partners GLP is a leading operator of gasoline stations and convenience stores. Over the past 60 days, GLP has witnessed upward earnings estimate revisions for 2024 and 2025, respectively.\nThe Zacks Consensus Estimate for Global Partners’ 2024 and 2025 EPS is pegged at $3.90 and $4.47, respectively. GLP currently has a Value Score of A.\nSM Energy Company SM is an independent oil and gas company engaged in the exploration, exploitation, development, acquisition and production of oil and gas in North America. SM currently has a Momentum Score of B and a Value Score of B.\nThe Zacks Consensus Estimate for SM’s 2024 and 2025 EPS is pegged at $6.15 and $6.73, respectively. The stock has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.\nEnerplus Corporation ERF is an independent oil and gas production company with resources across Western Canada and the United States. ERF currently has a Momentum Score of B.\nEnerplus has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days. The consensus estimate for ERF’s 2024 and 2025 earnings per share is pegged at $2.06 and $2.36, respectively.\nWant 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\nSM Energy Company (SM) : Free Stock Analysis Report\nEnbridge Inc (ENB) : Free Stock Analysis Report\nGlobal Partners LP (GLP) : Free Stock Analysis Report\nEnerplus Corporation (ERF) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428669874"}