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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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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Dividend stocks as a class have generally delivered market-beating total returns. Enbridge, Brookfield Infrastructure, and Realty Income have histories of outperforming the market.

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S&P Global has a negative outlook on Enbridge due to potential weaker credit measures related to the acquisition of Dominion Energy's assets. Enbridge's Q3-2023 hit hard against that thesis and showed that the narrow cushion on credit metrics will likely be sufficient. We examine the preferred shares today and tell you why the fixed rate is not the best choice.

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When I last covered Enbridge, I rated it a 'hold' because, although its high yield was tempting, its payout ratios and debt level were too high. Since then, the cash flow payout ratio has improved, and debt has come down. The Company's future earnings will be impacted by a $14 billion deal to purchase U.S. natural gas assets.

Enbridge Has Gotten A Lot More Buyable (Rating Upgrade)

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Enbridge has had a rough year compared to other pipeline stocks, but its dividend is a major draw at just under 8%. I believe the dividend is extremely safe due to Enbridge's distributable cash flow, which is expected to meet current obligations. Enbridge's stock decline is largely tied to commodity prices and recent acquisitions, but its long-term outlook and dividend growth potential make it a buying opportunity.

Dividend Giant Enbridge Presents A Buying Opportunity (Technical Analysis)

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Brookfield Renewable could be your key to cashing in on the booming demand for clean energy. Enbridge's cash payouts to its investors are about as reliable as they get.

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CALGARY, AB , Nov. 16, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series N (Series N Shares) will be converted into Cumulative Redeemable Preference Shares, Series O (Series O Shares) on December 1, 2023. After taking into account all conversion notices received from holders of its outstanding Series N Shares by the November 16, 2023 deadline for the conversion of the Series N Shares into Series O Shares, less than the 1,000,000 Series N Shares required to give effect to conversions into Series O Shares were tendered for conversion.

Enbridge Announces Conversion Results for Series N Preferred Shares

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Enbridge (ENB) will invest $149 million for the initial phase and aims to make final investment decisions on subsequent phases throughout 2024, contingent upon the fulfillment of specific conditions.

Enbridge (ENB) to Invest in Fox Squirrel Solar Project in Ohio

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Enbridge is investing in a solar energy joint venture in Ohio. The initial phase should start producing electricity and cash flow by the end of this year.

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SAN DIEGO--(BUSINESS WIRE)--EDF Renewables North America and Enbridge Inc. (TSX: ENB) (NYSE: ENB) have announced an agreement that will see Enbridge become a 50 percent partner in the Fox Squirrel Solar Project. The project, located in Madison County, Ohio, is set to become EDF Renewables' largest onshore renewable project and Ohio's largest solar complex. The Fox Squirrel Solar is a ground-mounted solar facility with a capacity of 749 MWdc/577 MWac. It is currently being constructed in three p.

EDF Renewables North America Expands Partnership with Enbridge

Canadian pipeline operator Enbridge said on Wednesday it had entered a joint venture with EDF Renewables to participate in the construction and operation of the Fox Squirrel solar project in Ohio.

Enbridge to invest in EDF Renewables' Ohio solar facility

CALGARY, AB , Nov. 15, 2023 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today that it has signed a definitive agreement to participate in the construction and operation of the Fox Squirrel solar project, through a 50% interest in a joint venture with EDF Renewables. Fox Squirrel is a ground-mounted solar facility under construction in Madison County, Ohio.

Enbridge to Expand Partnership with EDF Renewables with Investment in Fox Squirrel Solar Project

Enbridge has one of the lowest-risk business models in the energy sector. The energy infrastructure giant has lots of visible growth ahead, which will give it the fuel to keep increasing its high-yielding dividend payout.

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Warren Buffett, known for his love of cash flow and business stability, has made several big acquisitions, including Precision Castparts, Burlington Northern Santa Fe, and utilities. Buffett is a fan of dividend aristocrats and kings, and Berkshire owns over $41 billion of these stable dividend world-beaters. Enbridge Inc., a Canadian company, is a Buffett-style aristocrat for 3 important reasons.

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News for Enbridge Stock (ENB)