ENB-PFA.TO Enbridge Inc. (TSX) closes C$22.91 on 22 Jan 2026: heavy volume highlights active trade
ENB-PFA.TO stock closed at C$22.91 on 22 Jan 2026, trading 8,807,174 shares and marking it among the most active TSX listings today. The preferred share moved up C$0.04 (0.17%) with a daily high of C$23.02 and a year range of C$18.24–C$23.32. Investors focused on yield, liquidity and valuation after another session of above-average turnover. We examine what drove the activity, how fundamentals and technicals line up, and where Meyka AI’s model sees the price heading next.
ENB-PFA.TO stock: market close snapshot
At market close on 22 Jan 2026 Enbridge Inc. preferred (ENB-PFA.TO) traded at C$22.91 with volume 8,807,174 versus an average volume of 6,373. The session range was C$22.91–C$23.02 and market cap stands at C$49,937,254,361 for this class. One clear fact: intraday liquidity spiked, flagging this issue as one of today’s most active TSX names.
ENB-PFA.TO stock: fundamentals and valuation
ENB-PFA.TO shows EPS C$2.88 and a reported PE of 7.95 in the quote feed, while cash metrics and payout demand attention. Dividend per share is C$3.77, implying a yield near 5.75% on today’s price. Debt remains elevated: debt-to-equity sits at 1.59, and interest coverage is 2.27, underlining funding strain versus dividend size.
ENB-PFA.TO stock: technical picture for active traders
Momentum readings are bearish on the preferred. RSI is 29.21 (oversold) and MACD histogram is negative -3.61, consistent with selling pressure. Price sits near the 50-day average (C$22.82) and above the 200-day average (C$21.36), suggesting near-term weakness but longer-term support around C$21.36. Traders will watch if volume sustains above 8.8M as a confirmation signal.
ENB-PFA.TO stock: Meyka grade and model forecast
Meyka AI rates ENB-PFA.TO with a score of 71.23 out of 100 (B+) — Suggestion: BUY. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a monthly target of C$30.36 and a one-year projection of C$60.70. The monthly projection implies an upside of +32.53% from C$22.91; the one-year projection implies +164.90%. Forecasts are model-based projections and not guarantees.
ENB-PFA.TO stock: risks and opportunities
Opportunity: high yield (5.75%) and strong income profile attract income-focused portfolios in Canada’s Energy sector. Risk: payout ratio is 1.32, indicating dividends exceed trailing earnings and may pressure sustainability. Additional risks include high leverage (net debt to EBITDA near 3.92) and sensitivity to commodity, rate and regulatory shifts. Sector peers trade at an average PE near 20.89, so ENB-PFA.TO appears cheaper on headline multiples today.
ENB-PFA.TO stock: trading note for most active lists
Because ENB-PFA.TO was among the day’s most active issues, short-term traders should watch liquidity and spreads. Relative volume jumped with price barely changed, suggesting heavy position adjustment rather than a directional conviction. Keep stops tight and size positions to account for volatility indicators: ATR and momentum readings show elevated variability. For longer-term holders, track upcoming Enbridge corporate updates and the scheduled earnings announcement on 2026-02-13.
Final Thoughts
ENB-PFA.TO stock finished the session at C$22.91 on 22 Jan 2026 with heavy activity and a clear income profile. Today’s volume of 8,807,174 signaled active repositioning rather than a decisive breakout. Fundamentals show mixed signals: attractive current yield (5.75%) against a high payout ratio (1.32) and leverage (debt-to-equity 1.59, net debt/EBITDA 3.92). Technically the preferred looks oversold (RSI 29.21) but lacks a clean trend (ADX 14.12). Meyka AI rates ENB-PFA.TO 71.23/100 (B+), Suggestion: BUY and projects a near-term monthly target of C$30.36 (+32.53%) and a one-year model projection of C$60.70 (+164.90%) versus today’s price of C$22.91. Remember, Meyka AI is an AI-powered market analysis platform; forecasts are model-based projections and not guarantees. For most-active traders the immediate task is to watch volume and spreads; for income investors it is to assess dividend coverage from upcoming results on 2026-02-13.
FAQs
What drove ENB-PFA.TO stock activity today?
High turnover drove ENB-PFA.TO stock activity; volume 8,807,174 far exceeded average volume. The move reflected repositioning around yield and liquidity rather than a clear news catalyst.
How risky is ENB-PFA.TO stock for income investors?
ENB-PFA.TO stock pays C$3.77 annually (yield ~5.75%) but has payout ratio 1.32 and interest coverage 2.27, indicating higher risk to dividend sustainability.
What price targets does Meyka AI give for ENB-PFA.TO stock?
Meyka AI’s model projects C$30.36 (monthly) and C$60.70 (one year). These imply +32.53% and +164.90% vs C$22.91. Forecasts are projections, not guarantees.
When is the next catalyst for ENB-PFA.TO stock?
Enbridge has an earnings announcement scheduled for 2026-02-13. That report will be the next major catalyst for dividend coverage and cash-flow updates.
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.
