ENB Stock Today: Dividend Streak, $35B Capex in Focus (February 01)
Enbridge stock today sits near recent highs, supported by a 30+ year dividend growth streak and a secured capital program of C$35 billion. Shares recently traded around C$48.84, with a TTM dividend yield of 5.53% and a P/E near 25.97. For Canadians, fee-based cash flows and regulated assets matter as funding costs hinge on the interest rate outlook. Zacks keeps a Rank #4 (Sell), so expectations should stay balanced. Earnings are due on February 13, 2026. Ticker ENB remains a core income name, but rates and volumes are key watch items.
Price, yield, and what matters now
Enbridge stock today trades around C$48.84 after a day range of C$48.10 to C$49.30 and a 52-week range of C$39.73 to C$50.54. Market cap is C$106,574,060,000. The 50-day and 200-day averages are C$47.45 and C$46.92, signaling an uptrend. Volume of 4.45 million trails the 5.18 million average. The setup is constructive, but we still watch momentum and upcoming earnings.
The TTM dividend yield is 5.53% on C$3.663 per share, while the payout ratio versus EPS is 1.32. That highlights why cash flow coverage is the key metric. Enbridge stock today is typically valued on distributable cash flow and fee-based stability. P/E sits at 25.97, so growth execution and cost control need to keep pace to defend the current multiple.
C$35B secured capital program: growth drivers
The secured capital program totals C$35 billion across liquids pipelines, gas transmission, and gas distribution. These projects are largely backed by contracts or regulation, pointing to steady, fee-based cash flows once in service. Enbridge stock today benefits when large projects move from spend to cash generation, improving operating cash flow and supporting dividend growth over time.
Funding costs are the swing factor. Debt-to-equity is 1.59, interest coverage is 2.19, and net debt to EBITDA is 3.94. The interest rate outlook matters because each turn lower can shave financing costs. Execution and in-service timing are critical. For a deeper look at midstream project catalysts, see this analysis here.
Interest rate outlook: why it matters to ENB
Markets anticipate U.S. cuts this year, with the Bank of Canada likely to follow at its own pace. Lower benchmarks can reduce new issue coupons and refinancing costs. For Enbridge stock today, even modest declines in rates support equity valuation and capital recycling. If cuts are delayed, higher-for-longer funding costs could compress project returns.
We track current ratio at 0.80 and cash ratio at 0.10, which reinforces the need for reliable access to debt markets. Enbridge’s fee-based model helps, but spreads and swap costs still matter. Investors should watch credit metrics into the February 13 earnings call for commentary on maturities, issuance plans, and the secured capital program cadence.
Risks, ratings, and near-term catalysts
Street views are mixed: 3 Buy, 8 Hold, 0 Sell, for a consensus Hold. Zacks keeps a Rank #4 (Sell), citing near-term risks. Enbridge stock today has support from income-focused buyers, but valuation, debt, and rate path remain friction points. Review both income appeal and execution risks before adding.
Next catalyst is Q4 results on February 13, 2026, plus any updates on the secured capital program and dividend guidance. On technicals, RSI is 36.89 and MACD is negative. Price sits just above the upper Bollinger band at 48.69, while CCI is -110.98. Enbridge stock today may see near-term chop before direction sets. For 2026 views, see this outlook.
Final Thoughts
For Canadian investors, the case is clear. Enbridge offers a long dividend growth record, a TTM yield of 5.53%, and a C$35 billion secured capital program that can lift cash flows as projects turn on. The flip side is rate sensitivity, a payout ratio above EPS, and a sizable debt stack that needs steady market access. Enbridge stock today looks supported by fee-based assets and improving trend averages, but momentum is mixed ahead of February 13 earnings. Our take: build positions patiently, add on dips toward moving averages, and watch the rate path, project in-service updates, and coverage metrics. Keep position sizes aligned with your income goals and risk limits.
FAQs
Is Enbridge a buy for income-focused Canadians?
It can be. The TTM dividend yield is 5.53% and the company has raised its dividend for 30+ years. Enbridge stock today suits investors who value stable, fee-based cash flows. Balance that with debt, rate sensitivity, and a payout above EPS, then size positions accordingly.
What is the secured capital program and why is it important?
It is a C$35 billion slate of projects that are largely contracted or regulated. Once in service, they add predictable, fee-based cash flows. That supports dividend capacity and can improve leverage over time. Execution, timing, and funding costs are the main variables to track.
How do interest rates affect Enbridge?
Rates drive borrowing costs for new projects and refinancing. Lower policy rates and tighter spreads can ease funding, support valuations, and improve project returns. If cuts arrive later than expected, higher-for-longer costs can weigh on growth economics and limit multiple expansion.
What near-term events should investors watch?
Watch Q4 earnings on February 13, 2026 for updates on the secured capital program, financing plans, and dividend guidance. Also track Bank of Canada and U.S. Federal Reserve decisions, as the interest rate outlook influences funding costs and investor appetite for yield equities.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
