Core Viewpoint - The implementation of tariffs on Canadian energy imports by the U.S. government may raise concerns among investors regarding the impact on Canadian companies like Enbridge, but the company appears confident in its ability to manage the situation and continue rewarding shareholders with dividends [1][6][9]. Company Overview - Enbridge is a diversified energy company based in Calgary, Alberta, offering a high dividend yield of 6.1% as of recent prices [2]. - The company has increased its quarterly dividend by 3% to $0.9425 per share, marking 30 consecutive years of dividend increases [3]. Dividend Performance - Enbridge's recent 3% dividend hike is modest compared to its historical performance, with a projected compound annual growth rate of 7.3% since 2015 if the dividend remains at $3.77 per share in 2025 [4]. - Since 2020, Enbridge has returned $35 billion to shareholders and anticipates returning $40 billion to $45 billion over the next five years [5]. Impact of Tariffs - Enbridge's operations are crucial for U.S. oil imports, accounting for 65% of Canadian oil exports to the U.S. and 40% of U.S. oil imports, raising concerns about the potential impact of tariffs on its financials [6]. - However, company management, including CEO Greg Ebel, has expressed confidence that the tariffs will not significantly disrupt capital allocation or oil pipeline volumes [7]. Future Outlook - Despite initial concerns regarding the tariffs, Enbridge's business model remains robust, with over 95% of its customers rated as having investment-grade balance sheets and 80% of EBITDA generated from inflation-protected assets [8]. - Investors are encouraged to maintain their positions in Enbridge stock, as the company's fundamentals remain strong despite the tariff implementation [9].

CALGARY, AB, March 4, 2025 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) is reiterating its strategic priorities, demonstrating the visibility of its growth outlook, and reaffirming its financial outlook which will be discussed further at the Company's investor conference today in New York. A virtual broadcast of the event is also available for registered participants (link). Highlights Growing secured investment backlog to $29 billion; $2.5 billion of new accretive investme ...

Core Viewpoint - Dividend stocks have historically outperformed non-payers, delivering an annualized return of 9.2% over the last 50 years compared to 4.3% for non-payers [1] Group 1: Dividend Stocks Performance - Companies that pay higher-yielding, steadily growing dividends have delivered the highest returns with the lowest volatility [2] - Enbridge currently offers a 6.3% dividend yield, significantly higher than the S&P 500's 1.3% yield [3] - Invitation Homes has a dividend yield of 3.5% and has increased its dividend every year since going public in 2017 [6][9] - Kenvue also offers a 3.5% dividend yield and has initiated its dividend payments in 2023, continuing the legacy of its former parent company, Johnson & Johnson [9][10] Group 2: Company-Specific Insights - Enbridge generates stable cash flow, with 98% of its earnings coming from cost-of-service or contracted assets, allowing it to pay out 60%-70% of its cash flow in dividends [3][4] - Enbridge has a multibillion-dollar backlog of capital projects, including natural gas pipelines and renewable energy developments, ensuring future growth and dividend increases [5] - Invitation Homes reported a same-store net operating income growth of 4.6% last year, benefiting from strong demand for single-family rental properties [7] - Invitation Homes is actively expanding its portfolio, having purchased 2,200 homes for $765 million last year, which supports future rental income growth [8] - Kenvue's portfolio generated nearly $15.5 billion in sales last year, with $1.3 billion in free cash flow, positioning it well for continued dividend increases [11] Group 3: Investment Strategy - Enbridge, Invitation Homes, and Kenvue are identified as high-quality, high-yielding dividend stocks that are expected to continue increasing their payouts, contributing to portfolio growth [12]

Samuel Smith has a diverse background that includes being lead analyst and Vice President at several highly regarded dividend stock research firms and running his own dividend investing YouTube channel. He is a Professional Engineer and Project Management Professional and holds a B.S. in Civil Engineering & Mathematics from the United States Military Academy at West Point and has a Masters in Engineering from Texas A&M with a focus on applied mathematics and machine learning.Samuel leads the High Yield Inve ...

Enbridge Inc. (ENB) is currently considered relatively overvalued, trading at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 14.86x. This figure surpasses the broader industry average of 14.41x. It is higher than other major midstream companies such as Kinder Morgan Inc. (KMI) and Enterprise Products Partners LP (EPD) , which trade at 13.63x and 10.64x EV/EBITDA, respectively. This premium valuation reflects the market’s confidence in Enbridge’s prospects. Image Source: Zacks Investment Resea ...

Investment Opportunities in the Energy Sector - Approximately 40% of tax filers receive a refund annually, presenting an opportunity for investment in the energy sector, which can potentially grow the value of these refunds [1][2] - Enbridge, NextEra Energy, and Kinder Morgan are highlighted as strong candidates for investment with tax refunds or other cash sources [2] Enbridge Overview - Enbridge offers a high dividend yield of 6.2%, significantly above the S&P 500's 1.2% and the average energy stock's 3.3%, making it attractive for yield-seeking investors [3][4] - The company has a 30-year history of annual dividend increases, showcasing its resilience in the volatile energy sector [4] - Enbridge's midstream business model, which charges fees to connect energy producers with downstream companies, ensures stable cash flow even during downturns in the energy industry [5] - Approximately 75% of Enbridge's EBITDA is derived from oil and natural gas pipelines, while the remainder comes from regulated natural gas utilities and renewable energy investments, providing diversification [6] - The primary concern for investors is that the yield may constitute the majority of total returns, but it remains a strong option for high-yield energy investments [7] NextEra Energy Overview - U.S. electricity demand is projected to increase by 55% over the next two decades, driven by factors such as onshoring manufacturing and AI data centers, which aligns with NextEra Energy's strategy [8][9] - NextEra Energy is the world leader in renewable energy and operates one of the largest natural gas-fired generation fleets, positioning it well to meet the rising demand for cleaner energy sources [9][10] - The company anticipates operating about 75 gigawatts of renewable energy capacity by the end of 2027, which would surpass the installed capacity of all but seven countries [10] - NextEra Energy expects adjusted earnings growth to remain at the top end of its 6% to 8% annual target range through at least 2027, alongside a projected 10% annual growth in its 3.2% yielding dividend [11][12] Kinder Morgan Overview - Kinder Morgan's stock performed exceptionally well in 2024, with a 55% increase, significantly outperforming the S&P 500 [13] - The company operates the largest natural gas transmission network in the U.S., covering nearly 66,000 miles and transporting about 40% of the nation's natural gas, which supports predictable cash flows [14] - Kinder Morgan has increased its dividend for eight consecutive years, reflecting stability in its cash flows [15] - The company expanded its backlog to $8 billion in 2024, up from $3 billion in 2023, and expects to put around $2 billion of this backlog into service, projecting double-digit growth in adjusted earnings per share [16]

Core Investment Thesis - Enbridge offers a dividend yield exceeding 6%, positioning itself as a top choice for income-seeking investors [1][9] - The company emphasizes its stable cash flow and long history of dividend increases as key factors for investment consideration [2][9] Dividend Stability and Cash Flow - Enbridge's earnings are primarily derived from cost-of-service or contracted assets, providing predictable cash flows [3] - The company has achieved its annual financial guidance for 19 consecutive years, demonstrating resilience through various market challenges [3] Diversification and Growth Strategy - Enbridge has expanded its earnings base by acquiring U.S. gas utilities, becoming the largest operator of stable gas utilities in North America [4] - The company is also investing in renewable energy and gas pipeline operations to enhance cash flow stability [4] Payout Ratio and Financial Health - Enbridge targets a conservative payout ratio of 60% to 70% of its stable cash flow for dividends, allowing for significant retained earnings for expansion [5] Project Backlog and Future Growth - The company has a capital project backlog valued at CA$26 billion (approximately $18.3 billion), with new projects expected to drive growth through 2029 [6] - Enbridge anticipates 3% to 5% annual cash-flow-per-share growth, supporting continued dividend increases [8] Conclusion on Investment Opportunity - Enbridge is characterized as a "first-choice" investment opportunity due to its attractive yield, visible long-term growth, and low-risk cash flow profile [8][9]

Core Viewpoint - Enbridge Inc. will hold its annual investor conference on March 4, 2025, to discuss its strategic plan, business unit priorities, and financial outlook [1][2] Group 1: Conference Details - The investor conference is scheduled for 9 a.m. ET (7 a.m. MT) on March 4, 2025 [1] - The conference will be webcast live and available on Enbridge's 'Events and Presentations' page [1][2] - Presentations and supporting materials will be posted on the website the morning of the event, with a replay and transcript available shortly after [2] Group 2: Company Overview - Enbridge connects millions to energy through its North American natural gas, oil, and renewable power networks, as well as its European offshore wind portfolio [3] - The company is focused on investing in modern energy delivery infrastructure to ensure secure and affordable energy access [3] - Enbridge has over a century of experience in conventional energy infrastructure and two decades in renewable power, advancing technologies like hydrogen, renewable natural gas, and carbon capture and storage [3]

Company Overview - Enbridge is one of the largest midstream companies globally, with a market capitalization of nearly $100 billion [2] - The company has been making significant investments in its business, indicating a commitment to growth [2] Financial Performance - Despite concerns regarding its balance sheet, Enbridge continues to pay dividends, showcasing its financial resilience [2] Investment Strategy - The Value Portfolio focuses on building retirement portfolios through a fact-based research strategy, which includes thorough analysis of 10Ks, analyst commentary, market reports, and investor presentations [2]

Core Insights - Enbridge Inc. reported fourth-quarter 2024 adjusted earnings per share (EPS) of 53 cents, exceeding the Zacks Consensus Estimate of 52 cents and up from 47 cents in the same quarter last year [1] - Total quarterly revenues reached $11.6 billion, a significant increase from $8.4 billion in the prior-year quarter, also surpassing the Zacks Consensus Estimate of $4.8 billion [1][2] Financial Performance - The strong quarterly results were driven by higher Adjusted EBITDA contributions from major business segments including Liquids Pipelines, Gas Transmission, and Gas Distribution and Storage [2] - Liquids Pipelines segment reported adjusted EBITDA of C$2.4 billion, slightly up from C$2.37 billion year-over-year, supported by contributions from the Mainline System and Regional Oil Sands System [4] - Gas Transmission segment's adjusted earnings totaled C$1.27 billion, an increase from C$1.08 billion in the previous year, aided by higher contributions from the U.S. gas transmission segment [5] - Gas Distribution and Storage segment generated a profit of C$1,015 million, up from C$519 million, primarily due to increased contributions from U.S. Gas Utilities [6] - Renewable Power Generation segment recorded earnings of C$308 million, up from C$141 million [6] - Distributable Cash Flow (DCF) for the quarter was C$3.07 billion, an increase from C$2.73 billion a year ago [7] Balance Sheet - At the end of the fourth quarter, Enbridge reported long-term debt of C$93.4 billion and cash and cash equivalents of C$1.8 billion, with a current portion of long-term debt at C$7.7 billion [8] Outlook - For 2025, the company forecasts adjusted EBITDA (on base business) to be in the range of $19.4-$20.0 billion and DCF per share to be between $5.50-$5.90 [9] - Enbridge reaffirmed its near-term growth outlook for 2023 to 2026, projecting a 7-9% growth for adjusted EBITDA and 3% for DCF per share [9]