How to Buy Enbridge Stock
Enbridge Inc
Enbridge is a oil & gas midstream company located in Alberta, Canada, which is part of the Energy sector, and is traded under the ticker ENB on the NYSE exchange.
Enbridge stock last closed at $33.33, up 1.09% from the previous day, and has decreased 16.78% in one year. It has underperformed other stocks in the Oil & Gas Midstream industry by 0.31 percentage points. Enbridge stock is currently +7.41% from its 52-week low of $31.03, and -17.3% from its 52-week high of $40.30.
As of Apr 17, 2024, there are 2.13B shares of ENB outstanding. The market capitalization of ENB is $70.85B. In the past 24 hours, 7.72M ENB shares were traded.
How to Buy Enbridge Stock
Not sure how to invest in Enbridge stock? Here's how.
- Decide where to buy Enbridge stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Enbridge stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Select your method of payment and add your details.
- Research Enbridge stock: The Enbridge ticker symbol is ENB. Is Enbridge stock a good investment? Should you buy shares of ENB? How do ENB's underlying business fundamentals look? Do top analysts think Enbridge is a good buy? Why has ENB's stock price moved recently? (Hint: Our stock analysis website can help you figure out if ENB is a good stock to buy).
- Execute your ENB trade: Decide if you will purchase ENB shares at the current market price or use a limit order to buy ENB stock at a specific price.
- Get the latest scoop on your ENB position: Create a watchlist to get the latest news on your new investment in Enbridge stock.
Step 1: Decide where to buy Enbridge stock
You will need an online brokerage account in order to access the NYSE market and buy ENB stock.
Our preferred brokerage: eToro
Based on our experience, eToro is the best online stock brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
- Access to world markets: From Tech to Financial Services, New York to Hong Kong — you can fill your portfolio with stocks from the globe's leading exchanges.
- Social investing: eToro offers a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal information so you can buy ENB today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to start your new trading account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have created your account on stock market app, you can securely and quickly fund your account:
Check out this video walkthrough for more details transferring funds into your new investment account.
Step 4: Research Enbridge stock
After you have selected the best place to buy Enbridge stock, it's crucial to research their stock prior to investing, so you actually comprehend the risk as well as the opportunity.
Enbridge Metrics
ENB Due Diligence Checks
WallStreetZen was created to help part-time investors perform better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on ENB's stock page.
Is ENB stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge ENB's true value.
Using relative valuations measures:
- ENB may be overvalued based on its P/E ratio of 15.73x, relative to Oil & Gas Midstream industry P/E ratio of 13.5x
- ENB could be undervalued based on its P/B ratio of 1.54x, relative to Oil & Gas Midstream industry P/B ratio of 2.26x
- ENB could be overvalued based on its PEG ratio of 1.89x
You can access additional valuation analysis on ENB's stock here.
ENB Financials at a glance
Positive Health Checks:
- ENB profit margin has gone up from 4.9% to 13.4% in the past year.
Negative Health Checks:
- ENB earnings of $8.82B is not sufficient to cover its interest payments.
- There are more long-term liabilities than short-term assets on the ENB balance sheet.
- ENB's operating cash flow of $10.60B allows it to safely service it's debt of $60.60B.
- There are more short-term liabilities than short-term assets on the ENB balance sheet.
- ENB has a relatively high debt to equity ratio of 1.89.
- Total ENB debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy ENB stock, according to Wall Street analysts?
Out of 1 sell side analysts who monitor ENB, the consensus analyst rating on ENB is a Hold
Please note that analyst forecasts are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Enbridge stock forecast page.
ENB Trading Indicators
ENB Performance Metrics
Last year, ENB earnings were $4.36B. Over the last 5 year, ENB's earnings have gone up by 14.58% per year. This was slower than the Oil & Gas Midstream industry average of 21.33%.
Last year, ENB revenue was $32.57B. Over the past five year, ENB's revenue has grown by -0.91% per year. This was slower than the Oil & Gas Midstream industry average of 7.52%.
Dig into ENB's earnings and revenue performance here.
Who is buying/selling ENB?
In the last year, insiders at ENB have not bought or sold any shares.
Learn more about who owns ENB shares here.
Does ENB provide a stable income stream?
Enbridge pays a dividend of 7.94%, compared to the Oil & Gas Midstream industry's average dividend yield of 6.08%. If you owned $1,000 worth of ENB stock, you would have received $79.39 in the past 12 months.
Enbridge dividend payments have consistently grown over the past decade and have remained stable.
Dig into more data about Enbridge dividend yield and history here.
Get analysis from other investors
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your ENB trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price limit, place a limit order.
Click the Open button and your broker will execute the order.
If you want additional assistance buying stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your ENB position
Now that you own some ENB shares, you'll want to keep up with your new shares.
Create a watchlist to get alerted to the latest events about your ENB stock.
ENB Feed
How to Buy Stock in Enbridge
To reiterate, here are the 6 steps you need to take to buy Enbridge stock right now:
- Decide where to buy Enbridge stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Research Enbridge stock
- Execute your ENB trade
- Get the latest scoop on your ENB position
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep track of your investment in Enbridge, add ENB to your watchlist by clicking the button below.
More Articles You May Like
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.