Enbridge Inc. (ENB) is set to report second-quarter 2024 results on Aug 2, 2024, before the opening bell. Image Source: Zacks Investment Research Q2 Earnings Whispers The leading midstream energy player has an Earnings ESP of -0.31%. ENB currently carries a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here. Factors Shaping Q2 Results The extensive network of midstream assets, which is expected to have aided the company with fee-based cash flows, include Liquids Pipelines, Gas ...

Valuation Grade and Underlying Metrics ENB Valuation Grad Seeking Alpha Second, ENB's insensitivity to commodity prices could be a double-edged sword, too. As mentioned before, the positives brought about by such insensitivity include low beta, low correlation to the overall market, and also stable dividends. As an example, since the publication of my last article, ENB's price appreciated by more than 5% while the S&P 500 went down by about 1%. On the other side of the coin, ENB would not enjoy too much ups ...

1. Pfizer Despite the recent pressure on free cash flow amid the sales downturn, management reiterated its commitment to the company's dividend during the first-quarter earnings call. "Our No. 1 priority from a capital allocation perspective is both supporting and growing our dividend over time, and that is not at risk," CFO Dave Denton told analysts. With the strong pipeline and cost-cutting measures, it's only a matter of time before free cash flow improves and the dividend can grow even faster. With its ...

There's a clear pattern natural gas prices repeat time and time again. We're going to pounce on it now—and grab ourselves a growing 7.4% payout as we do. Think about it: We're moving toward winter in North America (where temps are expected to be below those of last year's "non-winter"). Europe is bringing in more liquified natural gas (LNG) as it continues its turn away from Russia. Then there's China, whose economy is still set to grow 5% this year, boosting its LNG demand. That's poised to grow, just as t ...

The headline of this article gives away a major reason why I bought Enbridge: It's the dividend, of course. Enbridge's ultra-high dividend yield of nearly 7.4% was very enticing. I don't need the income at this point, but that high yield gives the stock a big head start in generating a market-beating total return. Even better, Enbridge's P/FCF ratio is near its lowest point in years. And it's not because business is bad. The company's adjusted earnings and distributable cash flow grew 8% and 9% year over ye ...

The market expects Enbridge (ENB) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 2, 2024, might help the stock move higher if these key numbers are better ...

Tech stocks have seen a reckoning so far this week, with the Invesco QQQ Trust ETF (QQQ) having fallen by 4% since the start of this week. Not having much exposure to high-flying tech stocks only validates my belief that it's better to have a portfolio of high dividend-paying stocks and add to them whenever their valuations become attractive. That's because having a meaningful dividend makes it easier to hold onto a stock for sleep-well-at-night returns rather than trying to second guess what the market is ...

Prior to today's trading, shares of the oil and natural gas transportation and power transmission company had gained 5.3% over the past month. This has outpaced the Oils-Energy sector's loss of 9.19% and the S&P 500's gain of 0.43% in that time. It's also important for investors to be aware of any recent modifications to analyst estimates for Enbridge. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regardi ...

Enbridge (ENB 0.74%) is not an exciting company, but that's actually one of the biggest attractions here. That and an ultra-high dividend yield of around 7.4%. But to really appreciate why you'll be glad you bought this stock in a few years, you need to take a deeper dive into its business and how it returns value to investors over time. Enbridge is, basically, a toll taker. And since oil and natural gas are vital to the world functioning smoothly, demand tends to remain strong even when energy prices are w ...

Throughout the annual two-day event, cyclists will journey up to 200 kilometres around the beautiful Alberta countryside. The Tour is a fun and meaningful way for Albertans to honour those who are facing or have faced cancer—including loved ones, friends, colleagues and neighbours. Whether riding as an individual, as part of a corporate or community team, or participating as a volunteer, there is a place for everyone to make an impact. Enbridge has supported the cancer fundraiser for a number of years, incl ...