Enbridge Inc. (TSX: ENB) is a leading North American energy infrastructure company, operating across multiple segments including Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Founded in 1949 and headquartered in Calgary, Canada, Enbridge has established itself as a critical player in transporting and distributing energy across the continent.
The company’s Liquids Pipelines segment operates an extensive network that transports various grades of crude oil and liquid hydrocarbons across Canada and the United States. This network is vital for delivering energy to refineries and markets, ensuring a stable supply chain. In the Gas Transmission and Midstream segment, Enbridge invests in natural gas pipelines and processing facilities, facilitating the efficient movement of natural gas to meet consumer and industrial demands.
Enbridge’s Gas Distribution and Storage segment serves millions of residential, commercial, and industrial customers, primarily in Ontario and Quebec, providing reliable natural gas distribution and storage solutions. Additionally, the Renewable Power Generation segment underscores Enbridge’s commitment to sustainability by operating wind, solar, geothermal, and waste heat recovery facilities across North America.
For investors seeking reliable passive income, Enbridge presents a compelling opportunity. The company has a strong track record of paying consistent and growing dividends, supported by its diversified operations and stable cash flows. As of March 25, 2025, Enbridge offers an attractive dividend yield, making it a suitable choice for those looking to generate income from their investments.
Investing $10,000 in Enbridge stock can provide a steady stream of dividend income, contributing to a reliable passive income strategy. The company’s focus on energy infrastructure, combined with its commitment to renewable energy projects, positions it well for long-term growth and sustainability.
Stock Performance Analysis: Enbridge Inc. (TSX: ENB)
| Metric | Value |
|---|---|
| 1-Year Stock Growth | +22.98% |
| Market Cap | $95.88B |
| Beta (5Y) | 0.89 |
| 52-Week High | $45.78 |
| 52-Week Low | $32.85 |
| 50-Day Moving Average | $43.43 |
| 200-Day Moving Average | $40.59 |
📌 Enbridge has demonstrated solid stock performance over the past year, with a 22.98% increase in stock price. The company’s beta of 0.89 indicates lower volatility compared to the market average, making it a potentially stable investment choice.
📈 Enbridge Inc. (TSX: ENB) has shown a steady upward trend over the past year, reaching a 52-week high of $64.66, supported by strong investor confidence and consistent performance in the energy sector.
Peers Comparison: Enbridge Inc. (TSX: ENB)
| Code | Name | GIC Sector | Market Cap | Beta | 52-Week High | 52-Week Low | 50-Day MA | 200-Day MA | Shares Short | Short Ratio | Short % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PFCB | Picton Mahoney Fortified Core Bond Fund | Energy | — | 0 | 10.77 | 10.04 | 10.62 | 10.52 | 0 | 0.00 | — |
| PHW | Purpose International Tactical Hedged Equity | Energy | — | 0 | 20.54 | 17.42 | 19.83 | 19.46 | 0 | 0.00 | — |
| ENB | Enbridge Inc | Energy | 138.12B | 0.894 | 64.66 | 42.54 | 62.38 | 56.84 | 39,070,484 | 3.67 | 0.0179 |
| CNQ | Canadian Natural Resources Ltd | Energy | 92.57B | 1.846 | 53.77 | 36.61 | 43.21 | 46.33 | 12,196,379 | 1.84 | 0.0106 |
| TRP | TC Energy Corp | Energy | 72.23B | 0.818 | 70.94 | 41.87 | 66.54 | 60.90 | 31,188,619 | 9.41 | 0.0419 |
| SU | Suncor Energy Inc | Energy | 68.12B | 1.467 | 58.15 | 47.44 | 54.84 | 53.56 | 9,768,894 | 0.92 | 0.0191 |
| IMO | Imperial Oil Ltd | Energy | 53.16B | 1.789 | 107.87 | 85.76 | 98.60 | 98.01 | 3,801,804 | 4.24 | 0.0246 |
| CVE | Cenovus Energy Inc | Energy | 37.31B | 2.529 | 28.83 | 17.26 | 20.57 | 23.19 | 12,311,846 | 1.57 | 0.0143 |
| PPL | Pembina Pipeline Corp | Energy | 33.40B | 1.455 | 58.94 | 43.74 | 53.53 | 54.29 | 15,172,455 | 3.08 | 0.0386 |
| CCO | Cameco Corp | Energy | 28.52B | 1.030 | 88.18 | 48.65 | 67.46 | 68.37 | 3,435,212 | 2.46 | 0.0143 |
📌 Enbridge Inc. stands out among Canadian energy sector peers with its large market cap, low beta, and consistent dividend history, making it a stable choice for passive income investors.
Valuation Measures: Enbridge Inc. (TSX: ENB)
| Metric | Current | 12/31/2024 | 9/30/2024 | 6/30/2024 | 3/31/2024 | 12/31/2023 |
|---|---|---|---|---|---|---|
| Market Cap | 138.12B | 132.88B | 119.66B | 103.48B | 104.05B | 101.39B |
| Enterprise Value | 244.80B | 233.12B | 214.98B | 196.66B | 186.16B | 183.11B |
| Trailing P/E | 27.09 | 20.75 | 21.13 | 18.37 | 17.24 | 31.80 |
| Forward P/E | 20.96 | 20.33 | 18.08 | 16.72 | 17.24 | 17.42 |
| Price/Sales | 2.56 | 2.69 | 2.66 | 2.38 | 2.31 | 2.12 |
| Price/Book | 2.34 | 2.25 | 1.98 | 1.84 | 1.90 | 1.74 |
| Enterprise Value/Revenue | 4.58 | 4.80 | 4.94 | 4.62 | 4.26 | 4.00 |
| Enterprise Value/EBITDA | 14.51 | 12.89 | 13.01 | 12.31 | 11.39 | 13.78 |
📌 This table highlights Enbridge’s steady valuation and revenue expansion, showing strong enterprise growth and resilient earnings metrics over the past year.
✅ Key Takeaways: Why Enbridge (TSX: ENB) Is a Top Dividend Pick for Passive Income
- Reliable Dividend Yield – Enbridge consistently offers one of the highest yields among TSX large-caps, making it ideal for passive income seekers.
- Defensive Energy Infrastructure Play – Its business model is based on long-term contracts and regulated assets, offering stability in volatile markets.
- Diversified Operations – Presence across oil pipelines, natural gas distribution, and renewable power ensures strong revenue generation.
- Attractive Valuation – Reasonable P/E ratios and consistent cash flow growth provide confidence in the sustainability of its dividend.
- Long-Term Growth – Strategic investments in renewables and U.S. gas utilities bolster long-term expansion potential.