Enbridge Inc. (TSX: ENB) is one in all North Americaâs main power infrastructure and utility firms. It has an extended historical past of shareholder worth creation and predictable working outcomes. Within the final 12 months, Enbridgeâs inventory worth on the TSX has rallied greater than 15%. Within the final three years, Enbridge’s inventory worth has rallied 36%.
What does this imply for buyers? Is it too late to purchase Enbridge inventory or is it nonetheless a superb alternative?
Letâs look into this.
Enbridge: Constant and predictable
For the final 20 years, Enbridgeâs outcomes have fallen inside its steerage vary. That is no small feat, and it speaks to the predictability of the companyâs outcomes. And it was designed this fashion by a administration that has labored at decreasing the chance profile of the corporate.
Enbridge is lively in 4 core companies â liquids pipelines, pure fuel pipelines, fuel utilities and storage, and renewable power. These companies present Enbridge with an enormous footprint and publicity to a diversified set of power markets. The frequent thread that every one of those companies have is the character of their threat profiles. These companies are both regulated or underpinned by long-term contracts and inflation hedged. That is what provides Enbridge its low-risk, predictable enterprise mannequin.
Enbridgeâs dividend: A cause to purchase
This sturdy efficiency is accompanied by a beneficiant dividend yield of 5.4%. Importantly, this dividend is one thatâs backed by Enbridgeâs low-risk enterprise. Which means that itâs dependable and predictable. The consequence has been a dividend that has grown yearly for the final 31 consecutive years.
For dividend buyers, this can be a good cause to purchase Enbridge (ENB) on the TSX at this time.
Newest outcomes
In Enbridgeâs newest quarter, the fourth quarter of 2025, the corporate delivered report outcomes. File full 12 months earnings earlier than curiosity, taxes, depreciation, and amortization (EBITDA), distributable money flows, and earnings per share (EPS).
That is attributed to sturdy power demand, which resulted in sturdy volumes, utilization, and naturally, money flows. 2025 EBITDA elevated 7% to $20 billion, distributable money move elevated 4% to $12.5 billion, and earnings per share (EPS) elevated 8% to $3.02.
Robust development alternatives forward
Lastly, letâs evaluate Enbridgeâs outlook with the intention to decide if the inventory is a purchase or not. To start, it appears clear that we are able to anticipate power demand to proceed to develop. That is being pushed by elevated energy demand, information centres, elevated industrial exercise, and liquified pure fuel (LNG) exports.
For Enbridge, this long-term development profile is mirrored in its power fund development backlog, which at the moment stands at $39 billion. It extends via to 2033. The corporate is anticipating this development backlog to help 5% EBITDA development via to the following decade. Enbridgeâs steadiness sheet helps an funding capability of $10 to $11 billion yearly. It will embody $6 to $7 billion of natural development tasks and $4 billion of foundational capital that can help utility development, and fuel transmission modernization.
The underside line
 Enbridge (ENB) inventory on the TSX stays a purchase for my part as a result of sturdy development anticipated in addition to its predictable outcomes. For dividend buyers, Enbridgeâs beneficiant dividend yield, which is definitely coated and supported supplies one other sturdy cause to purchase.
The submit Enbridge: Purchase, Promote, or Maintain in 2026? appeared first on The Motley Idiot Canada.
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* Returns as of February seventeenth, 2026
Extra studying
- Power Shares May Be Canada’s Secret Weapon in 2026
- 5 TSX Dividend Shares to Maintain for the Subsequent Decade
- Seize These Dividend Shares Now, Earlier than Their Costs Rise and Yields Drop
- What’s Forward for Enbridge Inventory in 2026?
- Citi Resets Enbridge Inventory Worth Goal in 2026
Idiot contributor Karen Thomas has a place in Enbridge. The Motley Idiot recommends Enbridge. The Motley Idiot has a disclosure coverage.