Here's why investors looking for a perfect buy-and-forget stock will be hard-pressed to find a better option than Enbridge (TSX:ENB)(NYSE:ENB). Despite the more than 2% pop as of writing, Enbridge stock still offers a juicy yield of close to 7.5%.
Thus, Enbridge’s near-term challenges, related to its pipelines could weigh on its stock, further delaying the recovery.This has been possibly one of the most volatile years for global financial markets. P/E. TSX ENB. The former generates more stable cash flows.Like us on Facebook to see similar storiesPlease give an overall site rating:Over the last three years, Enbridge improved the resiliency of its business, which set up its strong position before the COVID-19 pandemic hit North America, where it operates.These headwinds will be partly offset by a strong U.S. dollar, low interest rates, and cost reductions.That said, management cautioned that the results for the second half of 2020 will be weaker than the first half due to multiple headwinds, including “the pace and magnitude of recovery in Mainline throughput, a catch up in enterprise-wide maintenance spending consistent with 2020 guidance, lower revenues on the Texas Eastern system due to temporary operating capacity restrictions, and a lower contribution from Energy Services.”It’s also set to increase its dividend, a culture it has continued for 24 consecutive years. This compares favourably to the average Canadian market returns of about 7%.Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune.The company’s DCF-per-share guidance this year represents an increase of roughly 2% from 2019, which should keep its dividend safe. Div Yield. Convertible bonds and employee stock options that would otherwise be included in the Diluted Shares amount included in a company's filings/financials are not included.Canada Newswire , 5:15 PM EDT July 27, 2020(2) Number sourced from third party data provider. So, it doesn’t need to access the capital markets again until 2022.Don’t miss out! Follow ENB Following ENB Unfollow ENB . The former generates more stable cash flows.Like us on Facebook to see similar storiesPlease give an overall site rating:Over the last three years, Enbridge improved the resiliency of its business, which set up its strong position before the COVID-19 pandemic hit North America, where it operates.These headwinds will be partly offset by a strong U.S. dollar, low interest rates, and cost reductions.That said, management cautioned that the results for the second half of 2020 will be weaker than the first half due to multiple headwinds, including “the pace and magnitude of recovery in Mainline throughput, a catch up in enterprise-wide maintenance spending consistent with 2020 guidance, lower revenues on the Texas Eastern system due to temporary operating capacity restrictions, and a lower contribution from Energy Services.”It’s also set to increase its dividend, a culture it has continued for 24 consecutive years. EPS. Enbridge (TSX:ENB)(NYSE:ENB) stock could be undervalued. It generates a large chunk of its revenues from fixed-fee, long-term contracts, which bodes well for its earnings stability.Like us on Facebook to see similar storiesAdditionally, energy pipeline companies face a risk of depressed business when oil producers cut their output amid lower crude prices. For the most up to date information, please refer to the company's financial documents. Its five-year dividend-growth rate is 16%, but investors should expect a much more modest dividend-growth rate going forward. Enbridge (TSX:ENB)(NYSE:ENB) stock remains attractive with outperforming total returns potential and a big 7.5% dividend yield. This also might have driven Enbridge stock lower.Energy markets were in terrible shape back in April 2020. It has managed to raise dividends by 10% compounded annually in the last 25 years.The storage tanks across the globe ran out of capacity, and crude oil plunged into negative territory. While demand was dwindling amid the lockdowns, oil majors were just pumping more and more oil, further disturbing the demand-supply equation.Please give an overall site rating:With a solid dividend profile and discounted valuation, Enbridge is nothing short of a steal at the moment.However, Enbridge remains a solid bet for long-term investors. More » 1 2 3 … 231 Next » Additionally, the stock remains undervalued with the average analyst 12-month price target at $51.60. Learn about ENB with our data and independent analysis including price, star rating, valuation, dividends, and financials. Its five-year dividend-growth rate is 16%, but investors should expect a much more modest dividend-growth rate going forward.
It’s operational efficiency, and attractively valued stock will make up for the lost time.Don’t miss out! ENB. Simply click the link below to grab your free copy and discover all 5 of these stocks now.Why is Enbridge stock among the laggards? Find out more here. Enbridge (TSX:ENB)(NYSE:ENB) stock remains attractive with outperforming total returns potential and a big 7.5% dividend yield. Div Yield.
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