Honestly, if you're looking at the enb stock price today per share, you're probably seeing a number that looks a bit "stuck." As of Friday's close on January 16, 2026, Enbridge (NYSE: ENB) was sitting right around $47.59. It’s been a weirdly steady ride lately. People often think "steady" means "boring," but in the energy infrastructure world, boring is usually where the money is.
The stock actually climbed about 1.6% in the last session of the week, shaking off some of the sluggishness we saw earlier in the month. It's currently hovering within striking distance of its 52-week high of $50.54, though it's a far cry from the $39.73 lows we saw about a year back.
But here is the thing: focusing only on the ticker price is the fastest way to miss the real story with Enbridge. This isn't a tech startup where you’re praying for a 50% jump in a week. This is a massive "toll road" for North American energy. Whether the price of oil is $40 or $100, Enbridge still gets paid to move the stuff through its pipes.
Why the current price is only half the story
You've gotta look at the yield. Enbridge just announced a 3% dividend increase for 2026, pushing the quarterly payout to $0.97 per share. If you do the math on the current stock price, that’s a forward dividend yield of roughly 5.8% to 6%.
For most income investors, that's the "holy grail" zone. It's high enough to actually matter for your bank account but low enough that the company isn't bleeding out to pay it. They’ve raised this dividend for 31 years straight. Think about that. Through the 2008 crash, a global pandemic, and a dozen oil price collapses, the check still cleared.
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The 2026 Outlook: What’s actually driving the needle?
Enbridge isn't just sitting on its old oil pipes anymore. They are pivoting—fast. They recently gave 2026 guidance forecasting adjusted EBITDA between $20.2 billion and $20.8 billion.
A huge chunk of that growth is coming from their recent acquisitions of U.S. gas utilities. They basically bought up a massive network of "boring" gas companies because those are regulated. Regulation means predictable cash. If you’re a shareholder, predictability is your best friend when the rest of the market is losing its mind.
What analysts are whispering (and shouting)
Wall Street is kinda split on ENB right now, which is typical for a giant.
- The Bulls (Like Scotiabank): They recently upgraded the stock to "Outperform" with price targets climbing toward the $53 - $54 range (converted from Canadian CAD targets). They love the natural gas utility deals. They see the enb stock price today per share as a bargain because the market hasn't fully "priced in" the stability of those new cash flows.
- The Skeptics: They point to the debt. Enbridge has a debt-to-EBITDA ratio sitting around 4.9x. That’s a lot of leverage. If interest rates stay stubborn, it costs Enbridge more to service that debt.
BMO Capital recently bumped their target too, mostly because of the Mainline Optimization (MLO1) project. This is a $1.4 billion plan to squeeze more capacity out of their existing oil pipelines. It’s smart—building new pipes is a legal nightmare these days, so making the old ones work harder is the "cheat code" for growth.
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Is the stock actually "undervalued"?
If you ask the folks over at Simply Wall St, they’ll tell you the stock is technically "undervalued" by a massive margin based on future cash flows. But let’s be real—utilities and midstream companies rarely trade at their "intrinsic" DCF value.
Most people buy Enbridge for the $3.88 annual dividend.
If the enb stock price today per share stays flat for the next year, you still walk away with a ~6% return just for holding the bag. In a year where the S&P 500 might be volatile, that 6% feels like a warm blanket.
Real-world risks you can't ignore
It’s not all sunshine and dividend checks.
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- Line 5 Drama: This pipeline runs under the Straits of Mackinac in Michigan. Politicians have been trying to shut it down for years. A U.S. judge recently blocked Michigan from enforcing a shutdown order (a big win for ENB), but the legal battle is a zombie—it just won't die.
- Interest Rates: Enbridge is a "bond proxy." When interest rates go up, investors often ditch dividend stocks for bonds. If rates drop in 2026, expect the ENB share price to catch a major tailwind.
Actionable Insights for Investors
If you're looking at the enb stock price today per share as a potential entry point, here's the playbook:
- Check the Ex-Dividend Date: The next big one is February 17, 2026. If you want that $0.97 per share payout on March 1, you need to own the stock before then.
- Watch the CAD/USD Exchange Rate: Since Enbridge is a Canadian company, the dividend is often declared in CAD. If the U.S. dollar weakens, your dividend check actually gets bigger when it hits your American brokerage account.
- The "Rule of 72": At a 6% yield, your investment doubles every 12 years just from the dividends alone, even if the stock price never moves an inch.
- Diversify the Sector: Don't put your whole life savings here. Enbridge is a great "anchor" for a portfolio, but it’s still sensitive to energy regulations. Pair it with some growth-heavy tech or healthcare to balance the scales.
The bottom line? Enbridge is a cash machine. It isn't going to make you rich overnight, but it might keep you rich over a decade. Keep an eye on that February 13th earnings call—that’s when we’ll see if the "boring" strategy is truly paying off for the start of the year.
Next steps: Review your current portfolio allocation to see if you have more than 5% exposure to energy infrastructure. If you're looking to buy, consider setting a limit order near the $46.50 support level to catch any minor dips before the February ex-dividend date.