Enbridge (ENB) Receives Bullish Stance from Analysts

Enbridge Inc. (NYSE:ENB) is included among the 11 Best High Yield Energy Stocks to Buy Now.

Enbridge Inc. (NYSE:ENB) is a midstream energy company that focuses on transporting and distributing oil, natural gas, and natural gas liquids. The Canadian company moves about 30% of the crude oil produced in North America.

Enbridge Inc. (NYSE:ENB) received a boost on October 29 when Jeffries raised the stock’s price target from $51.35 to $52.06, while reiterating a ‘Buy’ rating on its shares. Earlier on October 26, RBC Capital also maintained its ‘Buy’ rating on Enbridge while giving the stock a price target of $47.78. The company’s shares closed on October 31 at $46.98, up by almost 8.5% since the beginning of 2025.

Enbridge Inc. (NYSE:ENB)’s low-risk business model enables it to generate stable cash flows, backed by stable cost-of-service arrangements or long-term, fee-based contracts. As a result, the company has achieved its annual financial guidance in each of the last 19 years.

Enbridge Inc. (NYSE:ENB) also remains focused on expansion and ended Q2 2025 with $22.8 billion of secured capital projects. Moreover, the company announced in September that it had reached a final investment decision to go ahead with the Algonquin gas transmission (AGT) pipeline expansion to capitalize on the rapidly expanding natural gas demand in the United States. ENB expects its investments to fuel 3% compound annual cash flow per share growth through next year.

One of the dividend aristocrats in its sector, Enbridge Inc. (NYSE:ENB) has paid dividends for more than 70 years and increased its payout annually for the past three decades. The company boasts a distributable cash-flow payout of between 60% and 70% and expects to return approximately $40 billion to $45 billion over the next 5 years.

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