Enbridge: Strong Tailwinds For The Next Several Years
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Enbridge has outperformed the U.S. equity market with a 10% total return since August 21, driven by strong Q3 earnings and a 6.2% forward dividend yield. The company expects steady growth in distributable cash flow and adjusted EBITDA, supported by North America's thriving energy industry. Enbridge's intrinsic value is estimated at $49 per share, offering a 14% upside potential.
November 19, 2024 | 6:30 pm
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Enbridge has delivered a 10% total return since August 21, supported by strong Q3 earnings and a 6.2% forward dividend yield. The company anticipates steady growth in cash flow and EBITDA, with an intrinsic value estimated at $49 per share, suggesting a 14% upside potential.
Enbridge's strong Q3 earnings and attractive dividend yield have driven a 10% return, outperforming the market. The company's growth prospects in cash flow and EBITDA, along with an estimated intrinsic value of $49 per share, suggest a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100