ENB.TO Enbridge TSX pre-market 22 Jan 2026: Most active at C$65.39, yield
ENB.TO stock is the TSX’s most active issue in pre-market trading at C$65.39 on 22 Jan 2026, pushing volume to 9,563,749 shares versus a 3-month average of 7,137,477. The move is driven by steady pipeline cash flows, a recent dividend lift and broker target changes that keep the name in focus in Canada’s Energy sector. We highlight valuation, short-term technicals and the upcoming earnings date that traders should watch before the open.
ENB.TO stock: Pre-market price snapshot and drivers
Enbridge Inc. (ENB.TO) is trading at C$65.39 in pre-market on the TSX in Canada with a day range C$65.17–C$65.77 and previous close C$65.18. Volume is 9,563,749 shares, giving a relative volume of 1.34, signalling above-normal activity.
Key near-term drivers include distribution news, pipeline throughput updates and institutional flows. Recent filings show several large managers trimming or rebalancing positions, which can raise intraday liquidity and volatility source.
ENB.TO stock: Fundamentals, valuation and earnings setup
Enbridge reports EPS C$2.55 and a trailing P/E of 25.64, with market cap around C$142.63 billion. The company has a dividend per share TTM of C$3.77 and a dividend yield near 5.77%, which remains central to investor interest.
Earnings are scheduled for 13 Feb 2026 and analysts are watching free cash flow and guidance. Price-to-book is 3.05 and debt-to-equity sits at 1.59, which keeps leverage a notable valuation risk for income investors.
ENB.TO stock: Technicals and trading signals
Technical indicators show a neutral-to-weak short-term tone: RSI 39.27, MACD histogram -0.17 and ADX 27.11 indicating a trend exists but momentum is soft. Bollinger middle band is C$64.68 and volatility ATR is C$1.02.
Traders should note the 50-day average C$65.94 and 200-day average C$64.74. Short-term support sits near C$62.68 (lower Bollinger) and resistance near the year high C$70.39. Momentum oscillators point to short-term oversold risk and bounce potential.
ENB.TO stock: Dividend, cash flow and sector context
Enbridge’s dividend remains a core thesis with annualized payout around C$3.77 and a payout ratio above 100% on reported metrics, reflecting use of non-GAAP cash flow items and distribution policy considerations. The yield attracts income portfolios within Canada’s Energy sector.
Sector performance shows Energy up 6.24% over 3 months; Enbridge’s integration into renewable power and gas midstream provides diversification versus pure E&P peers. Credit metrics such as interest coverage 2.27 and net-debt/EBITDA near 3.92 matter for the dividend sustainability debate.
ENB.TO stock: Meyka AI grade and forecast
Meyka AI rates ENB.TO with a score out of 100: 71.61 out of 100 — Grade B+ (BUY). This grade factors in S&P 500 and sector comparisons, financial growth, key metrics and analyst consensus. These grades are not guaranteed and are not financial advice.
Meyka AI’s forecast model projects a monthly C$61.73 and a 12-month target C$77.75, implying an upside of +18.92% from the current C$65.39 and a near-term downside to C$61.73 (-5.60%). Forecasts are model-based projections and not guarantees.
ENB.TO stock: Risks, catalysts and price targets
Primary risks include higher interest costs, prolonged low utilization on key pipelines and regulatory setbacks in Canada or the U.S. Debt metrics and a payout ratio above 100% elevate sensitivity to cash flow swings.
Catalysts that could lift the stock: stronger throughput, higher renewables revenue and analyst upgrades. Broker targets range from C$63.00 consensus to C$72.00 from RBC; Meyka’s model target of C$77.75 is a 12-month view based on cash-flow scenarios.
Final Thoughts
ENB.TO stock is the TSX’s most active pre-market issue on 22 Jan 2026 at C$65.39, driven by dividend dynamics, institutional flows and an upcoming earnings date. Fundamentals show steady revenue per share C$29.56 and free cash flow per share C$1.97, while leverage (debt-to-equity 1.59) and a payout ratio above 100% are headwinds for dividend reliability. Technicals signal short-term weakness (RSI 39.27) but support near C$62.68 suggests limited downside in a normal session. Meyka AI rates ENB.TO with a score out of 100 at 71.61 (B+, BUY) and our forecast model projects C$77.75 in 12 months, an implied +18.92% upside versus the current price of C$65.39. Investors should weigh yield attraction against balance-sheet risk and monitor the 13 Feb 2026 earnings and throughput updates. Meyka AI, an AI-powered market analysis platform, will track flows and sentiment that could shift the outlook.
FAQs
What drove ENB.TO stock to be most active pre-market today?
Higher trading volume of 9,563,749 shares and a dividend increase combined with position changes by large funds pushed ENB.TO stock into the pre-market most active list on 22 Jan 2026.
What’s Meyka AI’s 12-month forecast for ENB.TO stock?
Meyka AI’s forecast model projects C$77.75 in 12 months for ENB.TO stock, implying an upside of +18.92% from the current C$65.39. Forecasts are model projections and not guarantees.
How safe is Enbridge’s dividend for income investors?
Enbridge yields about 5.77% with annual dividend C$3.77, but a payout ratio above 100% and net-debt/EBITDA near 3.92 raise caution. Monitor cash flow and coverage metrics around earnings.
When is ENB.TO’s next earnings and what matters?
Earnings are scheduled for 13 Feb 2026. Key items: free cash flow, guidance on throughput and capex, and any updates to distribution policy; those will move ENB.TO stock price.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
