
This stock is up a whopping 14% year to date. But still underperforming the SP500 big time which is up 23%.
And looking at their earnings, things look pretty interesting with a beat on both the EPS and revenue. However, for the upcoming earnings, analyst are a bit more negative.
But the main reason why people like Enbridge stock is because of dividend and I understand why with a 6.4% dividend yield. The payout ratio isn’t correctly displayed here, but more on that in a minute.
If we look at the total returns in the past 5 years, we see that Enbridge Stock underperformed the SP500 by a significant amount. However, most recently the stock is gaining momentum.
So could this be the perfect time to buy Enbridge stock?
Well by the end of the video I’ll give you my three price targets. So make sure to stay tuned and see how I build up to these price targets.
What does Enbridge do?
Enbridge owns extensive midstream assets that transport hydrocarbons across the US and Canada.
The firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.
In this video:
00:00 - Enbridge Stock
01:12 - Enbridge Earnings
03:28 - Enbridge Fundamentals
06:51 - Enbridge Dividends
07:55 - Enbridge Returns
09:03 - Enbridge Price target
10:30 - Conclusion
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DISCLAIMER:
Remember to always do your own research and never fully trust on what I, or other Youtubers, say about a stock. I'm not a financial advisor and this content is just for entertaining purposes only.
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