Is Enbridge stock a buy after Citi’s C$77 price target?

Citi’s C$77 target and Buy rating highlight record Q4 momentum and a C$39 billion backlog. At about C$71.46, that implies mid‑single‑digit upside to the target, with more if execution beats. We like gradual entries on dips near C$70 while watching funding costs, leverage, and progress on key projects.

How secure is Enbridge’s dividend right now?

The yield is roughly 5.23% TTM with a 31‑year growth streak. Coverage is tight, with a TTM payout near 107%, net debt to EBITDA at 5.34, and interest coverage at 2.28. Stability of regulated cash flows helps, but better free cash flow and refinancing terms would further support future increases.

What risks could limit upside for Enbridge stock?

Higher interest rates, slower project approvals, cost inflation, and delays in the C$39 billion backlog could weigh on valuation. Leverage is elevated, so higher funding costs reduce flexibility. Commodity spreads are less central than for producers, but macro demand and regulatory outcomes still affect throughput and earnings.

What price levels matter in the near term?

We are watching C$70 as a tactical buy zone around key moving averages and channel midlines. On the upside, C$73.71 is the 52‑week high. A sustained move above that improves the path toward C$77. A breakdown below averages would weaken momentum and argue for patience.

Global Market Insights

ENB.TO Stock Today March 01: Citi PT Hike, C$2B Bonds Back Dividend

ByHuzaifa Zahoor March 1, 2026March 1, 2026

Enbridge stock is in focus today after Citi raised its price target to C$77 with a Buy, citing record Q4 momentum and a C$39 billion project backlog. Enbridge stock (ENB.TO) last traded near C$71.46, within a C$71.19 to C$72.19 range. The company also closed a C$2 billion multi‑tranche bond sale and signed new renewable contracts. These steps support growth funding and its 31‑year dividend growth streak. We break down the implications for valuation, yield, and near‑term trading levels.