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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Enbridge Inc. stock has markedly underperformed its leading energy infrastructure peers despite a planned acquisition to become North America's largest gas utility platform. Concerns remain over Enbridge's debt exposure and its near-term impact on earnings available for distribution. However, Enbridge's high-quality earnings should support improved buying sentiments as the Fed reaches the end of its rate hike regime.

Enbridge: On The Verge Of A Major Bottom (Rating Upgrade)

Enbridge has announced its 29th consecutive annual dividend increase, providing shareholders with additional income for the holidays. Enbridge is considered a top income pick for 2024 due to its stable dividend, high yield, and projected earnings growth. The changing macroeconomic environment, with declining risk-free rates, could make Enbridge an attractive investment for income-seeking investors.

Enbridge: My Top Income Idea After Its 29th Annual Dividend Increase Of 3.1%

Since initiating coverage on Enbridge, the stock has rallied about as much as the S&P 500. The midstream behemoth shared impressive financial results for the third quarter ended September 30. Enbridge's industry leadership and robust financial position earn it a BBB+ credit rating from S&P with a stable outlook.

Enbridge: Is It Too Late To Buy This 8%-Yielding Dividend Aristocrat?

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Enbridge will increase its dividend by about 3% next year, its 29th straight year of dividend growth. Kinder Morgan will give its investors a roughly 2% raise in 2024, notching its seventh consecutive year of increases.

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A 7.7% payer we watch very closely just did something weird for a stock with such a high payout: it hiked its dividend—for the 29th straight year!

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Enbridge's (ENB) $500M pipeline tunnel project gains Michigan regulators' approval, drawing support for energy security as well as criticism for potential environmental risks.

Enbridge's (ENB) Line 5 Tunnel Proposal Gains Michigan Approval

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Michigan regulators on Friday approved Canadian pipeline company Enbridge Inc's application to build a tunnel under the Great Lakes to house its aging Line 5 oil pipeline, a major step forward for the $750 million project.

Michigan regulators approve Enbridge Great Lakes tunnel for oil pipeline

Enbridge expects its earnings and cash flow to continue growing next year, even before factoring in its upcoming gas utility acquisitions. Those deals will give it even more momentum heading into 2025.

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Enbridge (ENB) projects adjusted core earnings of C$16.6-C$17.2 billion next year, surpassing its 2023 expectations of C$15.9-C$16.5 billion.

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CALGARY, AB , Nov. 29, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) is pleased to announce that its Board of Directors has appointed Manjit Minhas as a director of Enbridge. Ms. Minhas is the co-founder and CEO of Minhas Breweries, Distilleries and Wineries.

Enbridge Appoints New Director to its Board

Enbridge Inc (TSX:ENB) announced on Wednesday that it is raising its annual dividend by 3% to $3.66 per share effective March 1, 2024, its 29th consecutive yearly increase, as the energy products delivery network said it expects its business to continue to grow next year.  Its quarterly shareholder payout will be $0.915 per share.

Enbridge boosts dividend on business growth outlook

Enbridge , on Wednesday forecast higher core earnings and raised its dividend for 2024 as the Canadian pipeline operator bets on higher demand to lift volumes transported across its network.

Canada's Enbridge forecasts higher 2024 earnings, raises dividend

CALGARY, AB , Nov. 29, 2023 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today its 2024 financial guidance and an annualized common share dividend increase from $3.55 to $3.66 per share effective March 1, 2024. HIGHLIGHTS (All financial figures are unaudited and in Canadian dollars unless otherwise noted.

Enbridge Announces 2024 Financial Guidance and 3% Dividend Increase

CALGARY, AB , Nov. 29, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that its Board of Directors has declared a quarterly dividend of $0.9150 per common share, payable on March 1, 2024 to shareholders of record on February 15, 2024.  The declared dividend represents a 3.1% increase from the prior quarterly rate and the twenty-ninth consecutive year in which the Company has increased its common share dividend.

Enbridge Inc. Announced 3.1% Quarterly Dividend Increase for 2024

Enbridge's recent underperformance is attributed to investor caution about its aggressive endeavors to become North America's largest gas utility company. Despite missing revenue estimates, Enbridge showed profitability expansion and strong operating leverage in its latest quarterly earnings. The company's strategic moves to diversify its revenue mix towards cleaner energy are likely to build a resilient business model.

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Demand for infrastructure investments is at a record high, with global assets in listed infrastructure products reaching $111 billion. Enbridge Inc., a multinational pipeline and energy company, is viewed as a solid buy-and-hold investment with a 7-8% dividend yield. The company is well-positioned for growth in the renewables sector and has a conservative leverage target and strong profitability.

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News for Enbridge Stock (ENB)