Enbridge Touches 52-Week High: Should You Buy the Stock Now or Wait?

Key TakeawaysShares of Enbridge, the oil and gas transportation leader with pipelines in 31 states, hit a high of $44.74.ENB is a Dividend Aristocrat, with a dividend yield of almost 6% and 30 straight years of dividend growth.ENB stock is relatively overvalued, trading at a trailing 12-month enterprise value to EBITDA of 17.18x.Enbridge Inc. (ENB) soared to an impressive intraday high of$ 44.74 per share in the last trading session, hitting a 52-week high. The surge reflects investor enthusiasm for the mid ...