Enbridge

Union Gas is a major Canadian natural gas company based in Ontario. Its distribution arm services approximately 1.5 million customers in northern, southwestern and eastern Ontario. Union Gas has been a subsidiary of Enbridge since February 2017, when former parent Spectra Energy merged into Enbridge.

Union Gas

Enbridge, Inc. engages in the provision of gas and oil. It operates through the following segments: Liquid Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines. The Gas Distribution & Storage segment consists of natural gas utility operations, the core of which is Enbridge gas, which serves residential, commercial and industrial customers. It also includes natural gas distribution activities in Quebec and an investment in Noverco, which holds a majority interest in a subsidiary entity engaged in distribution and energy transportation primarily in Quebec. The Gas Transmission & Midstream segment consists of investments in natural gas pipelines, processing and green energy projects, the company's commodity marketing businesses, and international activities. The Renewable Power Generation segment consists primarily of investments in wind and solar power generating assets, as well as geothermal, waste heat recovery, and transmission assets. The Energy Services segment consists of businesses in Canada and the United States including logistical services, refinery supply services and the firm's volume commitments on various pipeline systems. The company was founded on April 30, 1949 and is headquartered in Calgary, Canada.

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Dividend stocks, including REITs and utilities, have underperformed in recent years. Rising interest rates and increasing costs of capital have contributed to the underperformance. The beginnings of a strong dividend stock rally may have just begun on the back of some very good news.

Very Good News For Dividend Stocks

Before Enbridge circulated its Q4 figures, I issued an article on ENB and Enterprise Products Partners comparing the two businesses. I favored more EPD due to lower multiple and, most importantly, higher certainty when it comes to the underlying leverage. Looking at how ENB has managed to de-risk its balance sheet even further and also considering the success of capital recycling, my concerns about elevated leverage have faded.

Enbridge: 3 Factors That Triggered Rating Upgrade

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The energy sector is, on the whole, a highly volatile area in which to invest. The midstream niche of the energy sector bucks the broader earnings volatility trend.

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In the next week, I will be adding shares of Enbridge to my dividend growth stock portfolio. Adjusting for share issuances related to recent acquisition activity, the midstream operator's adjusted EBITDA and DCF grew in Q4. Enbridge is committed to maintaining a leverage ratio within its targeted range of 4.5 to 5x debt to EBITDA.

Enbridge: I'm Buying This 7.6%-Yielding Dividend Aristocrat Now

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Enbridge pays a bankable dividend that yields more than 7%. The company expects to grow its cash flow per share by around 3% annually through 2026.

This Low-Risk, High-Yield Dividend Stock Has the Fuel to Produce 10%+ Total Annual Returns Through at Least 2026

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Enbridge (ENB) also secures a tolling agreement for the Mainline, effective until 2028.

Enbridge (ENB) Upbeat on Mainline, Aims Full Capacity by 2026

CALGARY, AB , March 7, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") announced today the closing of its acquisition of The East Ohio Gas Company ("EOG") from Dominion Energy, Inc. The gas utility will be doing business as Enbridge Gas Ohio and will join Enbridge's Gas Distribution and Storage Business Unit. EOG is a premier single-state utility, serving over 1.2 million customers across more than 400 communities in Ohio, with key locations in major metropolitan areas.

Enbridge Completes Acquisition of The East Ohio Gas Company

Dominion Energy

RICHMOND, Va. , March 7, 2024 /PRNewswire/ -- Dominion Energy, Inc. (NYSE: D), today announced closure of the sale of its Ohio natural gas utility – The East Ohio Gas Company – to Enbridge Inc. (TSX: ENB) (NYSE: ENB) for approximately $6.6 billion, including assumed indebtedness and adjusted for customary closing items.

Dominion Energy Announces Closing of Sale of Ohio Natural Gas Distribution Company

Finding reliable, attractive, and growing income is challenging for retirees in the current environment.

Why 8%-Yielding Enbridge Is A Retiree's Dream Dividend Stock

Enbridge recently secured $500 million of new growth investments. They'll supply it with incremental cash flow and future growth potential.

This 7.7%-Yielding Dividend Stock Is Adding Even More Fuel to Its Dividend Growth Engine

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Pipeline operator Enbridge said on Wednesday it will invest about $500 million in expanding its pipeline and storage assets to improve its U.S. Gulf Coast presence.

Enbridge to invest about $500 million in pipeline assets

CALGARY, AB , March 6, 2024 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) is providing an update on its strategic priorities and financial outlook, which will be further discussed at the Company's investor conference today in New York. A virtual broadcast of the event is also available for registered participants.

Enbridge Extends Visible Growth Outlook, Reiterates Strategic Priorities and Announces Accretive Investments

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Enbridge's (ENB) Mainline Tolling Settlement receives Canada Energy Regulator's approval, ensuring stable tariffs for crude oil shipments through 2028.

Enbridge (ENB) Secures Approval for Mainline Tolling Until 2028

CALGARY, AB , March 4, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that the Canada Energy Regulator (CER) has approved the Mainline Tolling negotiated settlement effective until December 31, 2028. The settlement sets tariffs for crude oil and liquids shipments that start in Western Canada and are delivered across Canada and North America.

Enbridge Receives Canada Energy Regulator Approval for Mainline Tolling Settlement

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Enbridge has a big yield, a history of dividend hikes, a reliable business, and an investment-grade balance sheet. MPLX offers a big-time payout, and management has boosted it every year since its founding.

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Enbridge has a very low-risk business model. It's focusing on investing in lower carbon energy, which will increase the long-term sustainability of its cash flow.

This 7.9%-Yielding Dividend Stock Is a Magnificent Option for Those Seeking Super-Safe Income

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Dividend stocks from other parts of the world can help reduce your portfolio's overall risk. Orange, Enbridge, and Ambev are top companies that operate in many different countries and are based outside of the U.S. Their high payouts can provide you with some excellent recurring income.

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Enbridge Inc. had a strong 2023 performance, exceeding guidance and increasing its dividend for the 29th consecutive year. The company has shown reliable financial performance, with a majority of its EBITDA coming from long-term contracted assets and strong cash flow generation. Enbridge's segments, including its pipeline infrastructure and renewable business, are performing well and contributing to future growth opportunities.

Enbridge Should Be A Core Portfolio Holding

News for Enbridge Stock (ENB)