WallStreetZenWallStreetZen
NYSE: ENB

How to Buy Enbridge Stock

Buy ENB

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 $38.03, down 5.09% from the previous day, and has decreased 5.11% in one year. It has underperformed other stocks in the Oil & Gas Midstream industry by 0.21 percentage points. Enbridge stock is currently +5.04% from its 52-week low of $36.21, and -20.22% from its 52-week high of $47.67.

As of Sep 23, 2022, there are 2.02B shares of ENB outstanding. The market capitalization of ENB is $77.00B. In the past 24 hours, 6.41M ENB shares were traded.

How to Buy Enbridge Stock

Not sure how to invest in Enbridge stock? Here's how.
  1. 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.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected. It's the best place to buy ENB stock.
  3. Deposit money your brokerage account: Select your method of payment and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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 portfolios of other investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other financial assets: Such as ETFs, commodities, cryptocurrencies, and foreign currencies.

Get $10 towards your your ENB stock purchase by signing up for an account with eToro today.

Buy ENB Stock

Step 2: Sign up for your brokerage account

Now that you've selected you'll need brokerage, chosen to fill out some personal information so you can buy ENB today.

How to Set Up a New Brokerage Account on eToro

  1. Click here to get started.
  2. Enter your personal details to start a new brokerage account.
  1. Send your information by clicking the "Create Account" button.
Get started with eToro today

Step 3: Deposit money your brokerage account

Check out the tutorial below for more details depositing funds into your new brokerage account.

Get started with eToro today

Step 4: Research Enbridge stock

It's very important to research stocks before you buy, so you actually comprehend the risk as well as the upside.

Enbridge Metrics

ENB Price
$38.03
1w %
-7.22%
1y %
-5.11%
5y %
-7.76%
P/E
20.51x
P/B
1.61x
P/S
1.91x
PEG
2.07x
Revenue
$40.23B
Earnings
$3.77B
Fore. Rev. Growth
6.46%
Fore. Earn. Growth
9.92%
Market Cap
$77.00B
Next Earnings
Nov 3, 2022
Next Dividend
N/A

Fundamentals of Enbridge

WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in less time.

You can view all of the due diligence checks on ENB's stock page.

Is ENB stock properly valued?

Analysts use many financial metrics, analyses, models, and charts to gauge ENB's fair value.

Using relative valuations methods:

  • ENB could be undervalued based on its P/E ratio of 20.51x, relative to Oil & Gas Midstream industry P/E ratio of 25.04x
  • ENB could be undervalued based on its P/B ratio of 1.61x, relative to Oil & Gas Midstream industry P/B ratio of 2.12x
  • ENB could be overvalued based on its PEG ratio of 2.07x

You can do more valuation research on ENB's stock here.

A quick look at ENB Financials

Negative Health Checks:

  • ENB earnings of $7.40B is not sufficient to cover its interest payments.
  • ENB's operating cash flow of $7.64B allows it to safely service it's debt of $60.63B.
  • There are more short-term liabilities than short-term assets on the ENB balance sheet.
  • ENB profit margin has gone down from 14.4% to 9.4% in the past year.
  • ENB has a relatively high debt to equity ratio of 1.75.
  • There are more long-term liabilities than short-term assets on the ENB balance sheet.
  • Total ENB debt is higher than 5 years ago, relative to shareholder equity.

Do Wall Street analysts think it's a good time to buy ENB stock

Out of 3 sell side analysts who give recommendations on ENB, the consensus analyst rating on ENB is a Buy

Should I buy or sell ENB stock?

Based on 3 analysts offering ratings for Enbridge Inc.
Buy
Strong Buy
1 analysts 33.33%
Buy
0 analysts 0%
Hold
2 analysts 66.67%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Most Recent ENB Analyst Forecasts

Robert Hope, a bottom 48% analyst from ScotiaBank downgrades ENB to a hold rating, on Feb 14, 2022.

Stephen Byrd, a top 2% analyst from Morgan Stanley downgrades ENB to a hold rating, on Jan 7, 2022.

Praneeth Satish, a top 14% analyst from Wells Fargo maintains ENB with a strong buy rating and raises their ENB price target from $53.00 to $56.00, on Sep 29, 2021.

You can dig deeper into what analysts are projecting on the Enbridge stock forecast page.

Metrics for Advanced ENB Traders

SMA10
41.03
SMA20
41.45
SMA50
42.7
SMA100
43.21
SMA200
42.88
MACD
-0.85
MACD Signal
-0.57
MACD Histogram
-0.29
RSI
28.06
Stochastic %K
1.78
Stochastic %D
8.22
StochRSI %K
4.59
StochRSI %D
14.92

ENB Earnings

Last year, ENB earnings were $3.77B. In the past five year, ENB's earnings have gone up by 11.96% per year. This was slower than the Oil & Gas Midstream industry average of 14.08%.

Last year, ENB revenue was $40.23B. In the past five year, ENB's revenue has increased by 5.62% per year. This was slower than the Oil & Gas Midstream industry average of 16.49%.

Dive into ENB's earnings and revenue performance here.

Latest Insiders Trades at ENB

In the past year, insiders at ENB have not bought or sold any shares.

Get more info about who owns ENB stock here.

Can I get consistent income from ENB stock?

Enbridge pays a dividend of 7.04%, compared to the Oil & Gas Midstream industry's average dividend yield of 6.95%. If you owned $1,000 worth of ENB stock, you would have received $70.38 in the past year.

Enbridge dividend payments have consistently grown over the past decade and have remained stable.

Find more data about Enbridge dividend yield and history here.

Get analysis from other traders

One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.

Click below to find out what other traders have to say.

Step 5: Execute your ENB trade

You have two main options:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are usually fine.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a particular dollar amount limit, place a limit order.

Click the Open Trade button and eToro will execute the order.

If you want additional info about buying stocks on eToro, watch the how to video below:

Buy ENB Stock

Step 6: Get the latest scoop on your ENB position

Now that you own some shares in ENB, you'll want to keep up with your investment.

Make a watchlist to keep track of your ENB stock.

ENB Feed

How to Buy Stock in Enbridge

To summarize, here are the 6 steps for buying Enbridge stock:

  1. Decide where to buy Enbridge stock
  2. Sign up for your brokerage account
  3. Deposit money your brokerage account
  4. Research Enbridge stock
  5. Execute your ENB trade
  6. Get the latest scoop on your ENB position

If you are looking for a place to buy stocks, eToro is our favorite venue.

Start investing with eToro today

If you want to get notifications regarding your new investment in Enbridge, click below.

$38.03-2.04 (-5.09%)
Updated Sep 23, 2022
Buy ENB Stock
$38.03-2.04 (-5.09%)
Updated Sep 23, 2022
Buy ENB Stock

FAQ

How much does it cost to buy one Enbridge share?

As of Sep 23, 2022, it costs $38.03 to buy one share of Enbridge stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.263 shares of ENB.

Start investing with eToro today

Is now a good time to buy Enbridge stock?

According to 3 Wall Street analysts who monitor Enbridge, their consensus recommendation is to buy Enbridge stock.

What is the best way to buy Enbridge stock?

The best way to buy Enbridge stock is within a brokerage account on eToro.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information 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.