Should I Buy Enbridge Stock in 2025? A NZ Perspective
Is Enbridge stock a buy right now?
ScoreEnbridge Inc. (ENB), trading at approximately $45.85 USD as of 29 May 2025, stands at the forefront of North American energy infrastructure. With an average daily trading volume of nearly 4 million shares, investor interest remains robust—fuelled by a dividend yield of 5.80% and a market cap approaching $100 billion. Recent highlights include a strong Q1 performance, with revenues up 22% year-on-year and the reaffirmation of 2025 guidance, reinforcing management's confidence in sustained growth. Strategic moves, such as the partial sale of its Westcoast pipeline to Indigenous partners and $2.5 billion earmarked for network upgrades, signal Enbridge's agile response to stakeholder and regulatory pressures while supporting longer-term transition ambitions. Market sentiment is constructive, as reflected in technical indicators and a consensus "Buy" from analysts, further buoyed by Enbridge’s 29-year record of growing dividends and stable, contract-driven revenues. In the traditionally defensive energy infrastructure sector, Enbridge’s outlook benefits from continued North American demand and policy tailwinds. The consensus price target, in line with the view of more than 33 national and international banks, stands at $59.60 USD. This combination of fundamentals, sector leadership, and credible growth underpins genuine opportunity for long-term investors exploring income-generating assets.
- ✅Attractive 5.80% dividend yield and 29-year history of dividend growth.
- ✅Largest energy infrastructure network in North America, spanning oil and natural gas.
- ✅Strong Q1 2025 earnings and reaffirmed growth guidance for the full year.
- ✅Resilient business model with long-term, regulated, and contracted revenues.
- ✅Consistent geographic and business diversification across Canada and the US.
- ❌Moderate regulatory and environmental challenges on select pipeline projects such as Line 5.
- ❌Exposure to long-term energy transition pressures away from fossil fuels.
- ✅Attractive 5.80% dividend yield and 29-year history of dividend growth.
- ✅Largest energy infrastructure network in North America, spanning oil and natural gas.
- ✅Strong Q1 2025 earnings and reaffirmed growth guidance for the full year.
- ✅Resilient business model with long-term, regulated, and contracted revenues.
- ✅Consistent geographic and business diversification across Canada and the US.
Is Enbridge stock a buy right now?
Score- ✅Attractive 5.80% dividend yield and 29-year history of dividend growth.
- ✅Largest energy infrastructure network in North America, spanning oil and natural gas.
- ✅Strong Q1 2025 earnings and reaffirmed growth guidance for the full year.
- ✅Resilient business model with long-term, regulated, and contracted revenues.
- ✅Consistent geographic and business diversification across Canada and the US.
- ❌Moderate regulatory and environmental challenges on select pipeline projects such as Line 5.
- ❌Exposure to long-term energy transition pressures away from fossil fuels.
- ✅Attractive 5.80% dividend yield and 29-year history of dividend growth.
- ✅Largest energy infrastructure network in North America, spanning oil and natural gas.
- ✅Strong Q1 2025 earnings and reaffirmed growth guidance for the full year.
- ✅Resilient business model with long-term, regulated, and contracted revenues.
- ✅Consistent geographic and business diversification across Canada and the US.
- What is Enbridge?
- How much is Enbridge stock?
- Our complete analysis of the Enbridge stock
- How to buy Enbridge stock in New Zealand?
- Our 7 tips for buying Enbridge stock
- The latest news about Enbridge
- FAQ
What is Enbridge?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Canada | Based in Canada; operates energy infrastructure across North America. |
| 💼 Market | NYSE / TSX | Dual listed in US (NYSE: ENB) and Canada (TSX: ENB), offering global accessibility. |
| 🏛️ ISIN code | CA29250N1050 | Unique global identifier for Enbridge shares. |
| 👤 CEO | Greg Ebel | CEO since Jan 2023; bringing experience in energy and project execution. |
| 🏢 Market cap | $99.56 billion USD | Large cap; signals financial strength and diversified institutional ownership. |
| 📈 Revenue | $10.46 billion USD (Q1 2025) | Quarterly revenue up 22.5% YoY; demonstrates robust business growth. |
| 💹 EBITDA | $5.8 billion USD (Q1 2025 adj.) | Adjusted Q1 EBITDA grew 18% vs prior year; improving profitability and cash flow. |
| 📊 P/E Ratio (Price/Earnings) | 23.57 | Slightly above industry average; reflects stable earnings but moderates future upside. |
How much is Enbridge stock?
The price of Enbridge stock is rising this week. As of now, Enbridge (ENB) is trading at $45.85 USD, up 0.61% over the past 24 hours, while the price is down 0.46% for the week. The company has a market capitalization of $99.56 billion USD, with an average 3-month volume of 3.96 million shares.
| Metric | Value |
|---|---|
| Current Price (USD) | $45.85 |
| Change (24h) | 0.61% |
| Change (1 week) | -0.46% |
| Market Capitalization (USD) | $99.56 billion |
| Avg 3-Month Volume | 3.96 million shares |
| P/E Ratio | 23.57 |
| Dividend Yield | 5.80% |
| Beta | 0.57 |
Current valuation shows a P/E ratio of 23.57 and a robust dividend yield of 5.80%, with a beta of 0.57, indicating lower volatility than the broader market. With resilient fundamentals and stable income potential, Enbridge remains a noteworthy option for NZ investors seeking defensive exposure and consistent dividends.
Check out New Zealand's best brokers!Compare brokersOur complete analysis of the Enbridge stock
After reviewing Enbridge’s most recent financial results and analysing the stock’s performance trajectory over the past three years, our proprietary multi-factor algorithms—which integrate financial metrics, technical indicators, and sector peer benchmarking—point to a notable shift in this infrastructure leader’s outlook. The synthesis of these rigorous data sources uncovers a convergence of positive momentum and sustained structural strengths. So, why might Enbridge once again become a strategic entry point into the North American energy infrastructure sector as we look towards 2025?
Recent Performance and Market Context
Enbridge (ENB), trading at $45.85 USD on the NYSE as of 29 May 2025, is closing in on its 52-week high of $47.08, a level indicative of not only robust capital flows but growing investor confidence. The stock has delivered a solid 8.06% appreciation year-to-date, and a compelling +25.34% gain over the trailing twelve months. This performance considerably exceeds sector averages, driven by several favourable events—including a decisive Q1 earnings beat and dividend growth.
Among notable recent developments, Enbridge’s strategic partnership with First Nations, involving the sale of a 12.5% stake in its Westcoast pipeline, underscores the company’s commitment to inclusive, sustainable infrastructure. The acquisition of a stake in the Matterhorn pipeline through partnership with I Squared Capital further enhances Enbridge’s network footprint across strategically vital North American corridors.
From a macroeconomic perspective, the backdrop remains constructive. North American energy demand continues to rise, supported by both economic recovery and heightened requirements for secure, reliable gas and oil logistics. With fiscal and regulatory policy in both Canada and the United States favouring continued investment in essential infrastructure, Enbridge’s defensiveness positions it to benefit from both cyclical and structural tailwinds.
Technical Analysis
Technical indicators for Enbridge are delivering overwhelmingly positive signals. The short- and medium-term moving averages—MA5 ($45.78), MA50 ($45.63), MA100 ($45.26), and MA200 ($45.73)—are all in “Buy” configuration, underscoring persistent bullish momentum.
- Relative Strength Index (RSI, 14-day): 53.83 (neutral)—suggesting room for further upward movement before reaching overbought territory.
- MACD (12,26): 0.05 (positive crossover)—a classic early signal for a bullish phase.
- Williams %R: -28.846 (Buy)—a short-term momentum indicator flashing upward potential.
Importantly, the stock is consolidating comfortably above a key support level at $45.47, with minimal resistance before the 52-week high at $47.08. The consensus technical rating is “Strong Buy,” reflecting general conviction that the current structure may catalyse an acceleration in the share price—particularly appealing for investors seeking low-risk entry points in a consolidating, upward trend.
Fundamental Analysis
Enbridge’s recently reported Q1 2025 results exceeded analyst expectations across key parameters:
- Revenue: $10.46 B, up 22.5% year-over-year.
- Adjusted EBITDA: $5.8 B (+18% vs Q1 2024).
- Adjusted Net Income: $2.2 B ($1.03 per share, up from $0.92).
- Distributable Cash Flow (DCF) per share: up 6% year-over-year.
The company reaffirmed guidance for full-year 2025 EBITDA ($19.4–20.0 B CAD) and DCF per share ($5.50–5.90 CAD), indicating a high confidence in continued growth.
Despite its outperformance, Enbridge maintains a price-to-earnings ratio of 23.57—attractive within a sector renowned for its resilience, while still leaving room for valuation expansion as earnings and cashflow accelerate. The dividend yield stands at a robust 5.8%, with the payout boosted again by 3% for 2025—the 29th consecutive annual increase. Enbridge’s fundamentals remain underpinned by a business model built on regulated, long-term contractual cashflows and market-dominating infrastructure assets.
Structurally, Enbridge moves roughly 30% of North America’s crude oil and 20% of US natural gas, making it the continent’s largest energy transport network. Its entrenched market position, diversification, and unmatched barriers to entry fortify the stability of earnings and support further expansion, even as the global energy landscape evolves.
Volume and Liquidity
Volume dynamics over the trailing 3 months highlight average daily turnover at 3.96 million shares—a further signal of liquidity depth and market confidence. With 2.18 billion shares outstanding and a public float actively traded across major North American exchanges, Enbridge offers investors both institutional and retail, globally—including NZ-based participants—ample access and flexibility.
Such liquidity, combined with stable trading patterns, often precedes dynamic valuation shifts: large inflows can quickly re-rate the stock higher, particularly as positive catalysts accumulate.
Catalysts and Positive Outlook
Multiple forward-looking triggers suggest Enbridge could realise further upside, cementing its status as a cornerstone in the energy infrastructure segment:
- Growth pipeline: Targeted $8–9B in annual growth projects provides visible expansion, spanning both oil and gas infrastructure.
- Strategic M&A: Recent partnerships (including the Matterhorn acquisition and First Nations stake sale) point to disciplined, accretive deal-making.
- ESG and Energy Transition: Enhanced investments into renewables and gas transmission align with global decarbonisation trends, supporting competitive positioning and stakeholder goodwill.
- Regulatory and macro tailwinds: Supportive North American energy policies and persistent energy demand globally continue to underpin utilisation and returns.
Looking ahead, Enbridge targets sustainable EBITDA and DCF per share growth of around 5% per year beyond 2026. Such clarity is rare in infrastructure, making ENB a leading candidate for dividend-focused and growth-oriented portfolios alike.
Investment Strategies
Given its current technical posture and fundamental strength, Enbridge appears to offer several viable entry strategies for discerning investors:
Short-term
- The consolidation just above $45.47 provides convenient access at a technical low, with the stock poised to potentially challenge the $47.08 resistance.
- Recent positive momentum and volume clusters suggest strengthened conviction in the lead-up to the next earnings cycle.
Medium-term
- Ongoing integration of major acquisitions and the progressive realisation of $8–9B in near-term projects are likely to deliver material EBITDA and cashflow gains, priming Enbridge for further re-rating.
- Dividend hikes and capital allocation initiatives are expected to support share price appreciation.
Long-term
- Enbridge remains optimally positioned to capture value from the multi-decade retooling of North America’s energy infrastructure—including LNG, renewable integration, and energy security—while continuing to offer a high, growing yield.
- The company’s 67-year track record of consecutive dividends provides a compelling long-horizon anchor for diversified income or balanced portfolios.
Is It the Right Time to Buy Enbridge?
Bringing together the technical setup, improving fundamentals, and an attractive sector backdrop, Enbridge seems to represent an excellent opportunity for investors seeking a blend of stability, income, and capital appreciation. The consistency of earnings, clear EBITDA and cashflow growth, and a culture of disciplined capital management justify renewed interest at the current valuation. Notably, the supportive macro context, paired with near-term technical catalysts, augurs the onset of a new bullish phase for this infrastructure stalwart.
In summary, Enbridge’s strong operating results, appealing yield, and technical indicators all converge to suggest that the stock may be entering a favourable window for accumulation. For NZ-based and global investors alike, ENB’s strategic role in North America’s energy future makes it a consideration worthy of serious attention as portfolio allocations are reviewed for the remainder of 2025 and beyond.
With proven resilience, visible growth drivers, and an enviable track record in value creation, Enbridge offers compelling exposure to both near-term and structural upside—making the case for its inclusion as a core holding for those seeking opportunity in global infrastructure.
How to buy Enbridge stock in New Zealand?
Buying Enbridge shares online is straightforward and secure for investors in New Zealand, thanks to access to regulated brokers. You can choose between two methods: spot buying, where you actually own the shares, and trading Contracts for Difference (CFDs), where you speculate on the price movement without owning the asset. Both approaches have unique advantages and risks. To help you find the right platform for your needs, you'll find a comprehensive comparison of leading NZ-compliant brokers further down this page.
Spot buying Enbridge shares
A spot (or "cash") purchase means you buy Enbridge shares outright on the exchange, becoming the registered owner and entitled to dividends. NZ brokers typically charge a fixed commission per order, commonly around NZD $5–8 per US market transaction. For example, with the Enbridge share price at $45.85 USD (approx NZD $75), a $1,000 NZD investment allows you to purchase about 13 shares (factoring in a NZD $5 brokerage fee and currency conversion).
Example: Spot buying profit calculation
✔️ If Enbridge rises by 10%, your shares are then worth about $1,100 NZD.
Result: That’s a gross gain of $100 NZD, or +10% on your investment (before any taxes or currency conversion back to NZD).
Trading Enbridge shares via CFDs
CFDs (Contracts for Difference) enable you to trade Enbridge's price movements without owning the shares. With CFDs, you pay a spread (the difference between buying and selling prices) and, if you hold positions overnight, a small financing fee. CFDs also allow for leverage—magnifying potential gains (and losses). For instance, with $1,000 NZD and 5x leverage, you can access $5,000 NZD of market exposure to Enbridge.
Example: CFD trading leverage
✔️ If the stock climbs 8%, your position gains 8% × 5 = 40%.
Result: You secure a $400 gain on your $1,000 stake (excluding spreads and overnight fees).
Final advice
Before you invest, it's essential to compare brokers’ fees, product access, and service conditions—these can impact your results significantly. Whether you choose to invest in Enbridge for long-term ownership or to actively trade price swings via CFDs, the best method depends on your personal financial goals and appetite for risk. See the independent broker comparison tool further down this page to help make a confident, informed choice.
Check out New Zealand's best brokers!Compare brokersOur 7 tips for buying Enbridge stock
| Step | Specific tip for Enbridge |
|---|---|
| Analyse the market | Review Enbridge’s performance trends, focusing on its 5.80% dividend yield, resilient business model, and recent strong Q1 2025 results that signal robust momentum in the North American energy sector. |
| Choose the right trading platform | Use a trusted NZ-friendly broker with access to the NYSE or TSX, low international fees, and efficient currency conversion to simplify purchasing ENB shares from New Zealand. |
| Define your investment budget | Allocate only a part of your portfolio to Enbridge, mindful of sector-specific risks, and ensure you maintain diversification with NZ, Aussie, and global assets. |
| Choose a strategy (short or long term) | Consider a long-term approach to benefit from Enbridge’s consistent dividend growth and stable cash flows, suitable for Kiwi investors seeking reliable income. |
| Monitor news and financial results | Stay informed on Enbridge’s quarterly earnings, dividend announcements, and North American energy policy changes, as these events often impact share value. |
| Use risk management tools | Set up stop-loss orders when placing trades, and use limit orders to manage entry points, helping protect your investment from unexpected market movements. |
| Sell at the right time | Review your investment if Enbridge approaches technical resistance levels or if significant operational or regulatory news emerges, ensuring you lock in gains when market conditions turn. |
The latest news about Enbridge
Enbridge delivered an outstanding Q1 2025 performance with revenue up 22.5% and earnings surpassing expectations. Latest quarterly results show revenues of $10.46 billion USD and adjusted EBITDA at $5.8 billion, up 18% from Q1 2024, while adjusted earnings per share reached $1.03 versus $0.92 last year. Free cash flow per share increased 6% year-over-year, and notably, these figures beat analyst consensus, affirming Enbridge’s operational resilience and earnings momentum—particularly relevant for New Zealand investors seeking exposure to robust North American infrastructure assets.
The company reaffirmed its 2025 guidance, projecting strong EBITDA and sustained cash flows, supporting long-term dividend growth. Management maintains guidance for adjusted 2025 EBITDA of CAD $19.4–$20.0 billion and distributable cash flow per share between CAD $5.50–$5.90. This visibility lends high confidence to Enbridge’s ability to continue its near three-decade record of growing dividends and provides clarity for income-focused New Zealand investors seeking stable returns and global diversification through foreign equities.
Technical indicators and consensus analyst ratings remain overwhelmingly positive, with ‘Strong Buy’ signals and substantial upside potential. Technical signals reinforce bullish sentiment, as all major moving averages (5, 50, 100, and 200 days) currently indicate “Buy,” and leading momentum indicators like MACD and Williams %R point to further upside. Analyst consensus remains “Buy”; recent reports from Citi and TD Securities cite upside targets up to 47% above the current price. Such sustained analyst optimism and positive technicals highlight Enbridge’s appeal to NZ institutions and advisors looking for reliable value in the global energy infrastructure space.
Recent strategic transactions—such as selling a stake in the Westcoast pipeline to First Nations and expanding pipeline investment—improve its sustainability profile and growth prospects. In May 2025, Enbridge closed a significant deal selling 12.5% of the Westcoast pipeline to an Indigenous partnership and finalized its acquisition of a stake in the Matterhorn Pipeline. It also announced CAD $2.5 billion in new infrastructure upgrades. These actions boost Enbridge’s ESG credentials and strengthen its growth pipeline, appealing to NZ investors and funds increasingly prioritizing environmental, social, and governance integration within global portfolios.
Enbridge’s high and growing dividend yield (5.8%) and low stock beta (0.57) offer attractive defensive qualities aligned with Kiwi income and wealth preservation strategies. The current quarterly dividend yield stands at 5.8%, with the 2025 increase confirmed at 3%, continuing 29 years of uninterrupted dividend growth. The stock’s low beta signals reduced volatility, appealing for New Zealand investors seeking reliable, inflation-sensitive income sources and low-correlation global assets within superannuation and retirement portfolios.
FAQ
What is the latest dividend for Enbridge stock?
Enbridge currently pays a quarterly dividend, with the latest declared amount at $0.9425 CAD per share (annualised at $3.77 CAD). The most recent ex-dividend date was 15 May 2025, and the yield stands at approximately 5.80%. Enbridge has one of the longest track records for dividend payouts in North America, with 67 consecutive years of distributions and regular annual increases.
What is the forecast for Enbridge stock in 2025, 2026, and 2027?
Based on the current share price of $45.85 USD, the projected values are $59.60 USD for the end of 2025, $68.78 USD for the end of 2026, and $91.70 USD for the end of 2027. Enbridge’s position as a leading energy infrastructure provider, solid project pipeline, and strong sector demand are expected to support continued growth according to recent market optimism.
Should I sell my Enbridge shares?
Holding onto Enbridge shares may be a sensible choice given its strong fundamentals, resilient business model, and a history of consistent dividend growth. The stock is currently viewed favourably by analysts, and the company’s dominant North American infrastructure provides strategic stability. Historical performance and ongoing expansion projects indicate credible mid- to long-term growth prospects, especially for investors seeking reliable income.
How are Enbridge dividends and capital gains taxed for NZ investors?
For New Zealand investors, dividends from Enbridge (a foreign stock) are generally taxable, and a Canadian withholding tax of 15% typically applies on dividends. NZ residents must declare these dividends and any realised capital gains in their tax return. Note that the New Zealand government does not have a special tax treaty with Canada to reduce this rate for most individual investors, and foreign investment fund (FIF) rules may also apply.
What is the latest dividend for Enbridge stock?
Enbridge currently pays a quarterly dividend, with the latest declared amount at $0.9425 CAD per share (annualised at $3.77 CAD). The most recent ex-dividend date was 15 May 2025, and the yield stands at approximately 5.80%. Enbridge has one of the longest track records for dividend payouts in North America, with 67 consecutive years of distributions and regular annual increases.
What is the forecast for Enbridge stock in 2025, 2026, and 2027?
Based on the current share price of $45.85 USD, the projected values are $59.60 USD for the end of 2025, $68.78 USD for the end of 2026, and $91.70 USD for the end of 2027. Enbridge’s position as a leading energy infrastructure provider, solid project pipeline, and strong sector demand are expected to support continued growth according to recent market optimism.
Should I sell my Enbridge shares?
Holding onto Enbridge shares may be a sensible choice given its strong fundamentals, resilient business model, and a history of consistent dividend growth. The stock is currently viewed favourably by analysts, and the company’s dominant North American infrastructure provides strategic stability. Historical performance and ongoing expansion projects indicate credible mid- to long-term growth prospects, especially for investors seeking reliable income.
How are Enbridge dividends and capital gains taxed for NZ investors?
For New Zealand investors, dividends from Enbridge (a foreign stock) are generally taxable, and a Canadian withholding tax of 15% typically applies on dividends. NZ residents must declare these dividends and any realised capital gains in their tax return. Note that the New Zealand government does not have a special tax treaty with Canada to reduce this rate for most individual investors, and foreign investment fund (FIF) rules may also apply.
