Company Enbridge Inc.

Equities

ENB

CA29250N1050

Oil & Gas Transportation Services

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Company contact information

Group companies

Sector

Sales per Business

Sales per region

Ratings for Enbridge Inc.

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Oil & Gas Transportation Services

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-05-14 pm EDT			5-day change	1st Jan Change
50.5 ^CAD	-2.28%		-0.16%	+5.87%

May. 13	Enbridge Maintained at Market Perform by BMO Following Q1 Results; Price Target Raised to C$54.00	MT
May. 13	Scotiabank Adjusts Price Target on Enbridge to CA$54 From CA$50, Maintains Sector Perform Rating	MT

Enbridge Inc. is an energy transportation and distribution company. The Company operates through five business segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Liquids Pipelines consists of pipelines and terminals in Canada and the United States that transport and export various grades of crude oil and other liquid hydrocarbons. Gas Transmission and Midstream consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and the United States. Gas Distribution and Storage consists of its natural gas utility operations. Renewable Power Generation consists of investments in wind and solar assets, geothermal, waste heat recovery, and transmission assets. Energy Services provides physical commodity marketing, logistics services, and energy marketing services. The Company owns Aitken Creek Gas Storage facility and Aitken Creek North Gas Storage facility.

Number of employees: 11,500

CAD in Million	2022	Weight	2023	Weight	Delta
Energy Services 43.5 %	29,175	54.7 %	18,989	43.5 %	-34.91%
Liquids Pipelines 29.5 %	12,052	22.6 %	12,863	29.5 %	+6.73%
Gas Distribution and Storage 13.7 %	6,729	12.6 %	5,976	13.7 %	-11.19%
Gas Transmission and Midstream 13.4 %	5,426	10.2 %	5,854	13.4 %	+7.89%
Eliminations and Other -1.2 %	-655	-1.2 %	-510	-1.2 %	-22.14%
Renewable Power Generation 1.1 %	582	1.1 %	477	1.1 %	-18.04%

CAD in Million	2022	Weight	2023	Weight	Delta
Canada 54.5 %	27,498	51.6 %	23,781	54.5 %	-13.52%
United States 45.5 %	25,811	48.4 %	19,868	45.5 %	-23.03%

Managers	Title	Age	Since
Gregory Ebel CEO	Chief Executive Officer	60	17-02-26
Patrick Murray DFI	Director of Finance/CFO	49	11-02-28
Laura Sayavedra ADM	Chief Administrative Officer	56	19-05-31
Bhushan Ivaturi CTO	Chief Tech/Sci/R&D Officer	-	18-03-31
David Bryson COO	Chief Operating Officer	57	12-06-30
Lisa Wilson CMP	Compliance Officer	-	-
Melissa Y. Moye HRO	Human Resources Officer	-	21-03-31
Karen Uehara SEC	Corporate Secretary	-	-
Maximilian Chan PRN	Corporate Officer/Principal	-	11-12-31
Michele Harradence PRN	Corporate Officer/Principal	-	13-12-31

Members of the board	Title	Age	Since
Gregory Ebel CEO	Chief Executive Officer	60	17-02-26
Teresa Madden BRD	Director/Board Member	67	19-02-11
S. Rowe BRD	Director/Board Member	64	21-11-03
Susan Cunningham BRD	Director/Board Member	68	19-02-12
Gaurdie Banister BRD	Director/Board Member	66	21-11-03
Pamela Carter CHM	Chairman	74	17-02-26
Jason Few BRD	Director/Board Member	58	22-05-03
Steven Williams BRD	Director/Board Member	67	22-05-03
Stephen Poloz BRD	Director/Board Member	68	20-06-03
Mayank Ashar BRD	Director/Board Member	68	21-06-28

	Vote	Quantity	Free-Float	Total Float
Stock A	0	204	0	99.88 %
Stock B	0	12	0
Stock C	0	18	0
Stock D	0	18	0
Stock E	0	20	0
Stock F	1	2,126,090,754	2,123,512,789 ( 99.88 %)
Stock G	0	5	0

Name	Equities	%	Valuation
Royal Trust Corp. of Canada 6.766 %	143,808,200	6.766 %	5 214 M $
Vanguard Fiduciary Trust Co. 3.965 %	84,280,486	3.965 %	3 056 M $
BMO Bank NA (Investment Management) 2.617 %	55,618,473	2.617 %	2 017 M $
TD Waterhouse Private Investment Counsel, Inc. 1.792 %	38,087,489	1.792 %	1 381 M $
1832 Asset Management LP 1.724 %	36,649,579	1.724 %	1 329 M $
DWS Investment Management Americas, Inc. 1.630 %	34,657,179	1.630 %	1 257 M $
Wellington Management Co. LLP 1.460 %	31,043,113	1.460 %	1 126 M $
THE BANK OF NOVA SCOTIA 1.411 %	29,995,342	1.411 %	1 088 M $
CIBC World Markets, Inc. 1.357 %	28,838,180	1.357 %	1 046 M $
CIBC Asset Management, Inc. 1.112 %	23,625,981	1.112 %	857 M $

Name	Equities	%	Valuation
Slater Asset Management, Inc. 0.6086 %	97,372	0.6086 %	1 M $
Canso Investment Counsel Ltd. 0.004375 %	700	0.004375 %	9 590 $

Name	Equities	%	Valuation
Slater Asset Management, Inc. 0.8761 %	87,613	0.8761 %	1 M $
Franklin Bissett Investment Management 0.2500 %	25,000	0.2500 %	320 000 $

Name	Equities	%	Valuation
J. Zechner Associates, Inc. 1.227 %	220,800	1.227 %	3 M $
Canso Investment Counsel Ltd. 1.158 %	208,500	1.158 %	3 M $

Name	Equities	%	Valuation
J. Zechner Associates, Inc. 1.527 %	305,400	1.527 %	4 M $
Slater Asset Management, Inc. 0.6722 %	134,443	0.6722 %	2 M $
Manulife Investment Management Ltd. 0.1435 %	28,700	0.1435 %	362 510 $
Fiera Investments LP 0.0675 %	13,500	0.0675 %	170 519 $

Name	Equities	%	Valuation
J. Zechner Associates, Inc. 0.7893 %	110,500	0.7893 %	2 M $
Manulife Investment Management Ltd. 0.5429 %	76,000	0.5429 %	1 M $
Horizons Investment Management, Inc. 0.3571 %	50,000	0.3571 %	928 000 $

Name	Equities	%	Valuation
Canso Investment Counsel Ltd. -	1,138,318	-	16 M $

Name	Equities	%	Valuation
Franklin Bissett Investment Management 0.2025 %	40,500	0.2025 %	509 450 $
Purpose Investments, Inc. 0.1996 %	39,916	0.1996 %	502 103 $
Horizons Investment Management, Inc. 0.1000 %	20,000	0.1000 %	251 580 $

Name	Equities	%	Valuation
Leon Frazer & Associates, Inc. 0.6620 %	33,100	0.6620 %	612 350 $

Name	Equities	%	Valuation
Canso Investment Counsel Ltd. 16.24 %	2,273,000	16.24 %	32 M $

Name	Equities	%	Valuation
Canso Investment Counsel Ltd. -	117,400	-	1 M $
Flow Investment Services Corp. -	50,000	-	527 000 $

Name	Equities	%	Valuation
Slater Asset Management, Inc. 0.3437 %	82,486	0.3437 %	1 M $
Manulife Investment Management Ltd. 0.2479 %	59,500	0.2479 %	763 266 $
Purpose Investments, Inc. 0.0660 %	15,830	0.0660 %	203 067 $

Name	Equities	%	Valuation
Franklin Bissett Investment Management 0.4688 %	75,000	0.4688 %	2 M $
East Coast Fund Management, Inc. 0.0818 %	13,086	0.0818 %	268 263 $

Name	Equities	%	Valuation
Franklin Bissett Investment Management 1.527 %	213,750	1.527 %	214 $
J. Zechner Associates, Inc. 1.436 %	201,100	1.436 %	201 $

Name	Equities	%	Valuation
Manulife Investment Management Ltd. 0.8438 %	135,000	0.8438 %	2 M $
Canso Investment Counsel Ltd. 0.6631 %	106,100	0.6631 %	1 M $
Slater Asset Management, Inc. 0.4924 %	78,779	0.4924 %	1 M $
IA Clarington Investments, Inc. 0.3563 %	57,000	0.3563 %	736 440 $

Name	Equities	%	Valuation
Canso Investment Counsel Ltd. 0.1238 %	9,900	0.1238 %	213 741 $
Manulife Investment Management Ltd. 0.000000 %	0	0.000000 %	- $

Name	Equities	%	Valuation
Franklin Bissett Investment Management 0.000000 %	0	0.000000 %	- $
Canso Investment Counsel Ltd. 0.000000 %	0	0.000000 %	- $
Decalia SA 0.000000 %	0	0.000000 %	- $

Name	Equities	%	Valuation
Canso Investment Counsel Ltd. 0.7518 %	82,700	0.7518 %	1 M $
Slater Asset Management, Inc. 0.3570 %	39,271	0.3570 %	515 000 $
Heward Investment Management, Inc. 0.1591 %	17,500	0.1591 %	229 495 $

Name	Equities	%	Valuation
J. Zechner Associates, Inc. 0.5227 %	57,500	0.5227 %	467 188 $
Slater Asset Management, Inc. 0.4031 %	44,339	0.4031 %	360 254 $

Name	Equities	%	Valuation
Horizons Investment Management, Inc. 0.2000 %	40,000	0.2000 %	487 600 $
Manulife Investment Management Ltd. 0.0875 %	17,500	0.0875 %	213 325 $
East Coast Fund Management, Inc. 0.0760 %	15,200	0.0760 %	185 288 $

Enbridge, Inc.

Fifth Avenue Place 425-1st Street SW

T2P 3L8, Calgary

+403-231-3900

http://www.enbridge.com

Name	Category and Sector
IPL Enterprises SARL
Enbridge Aux Sable Holdings, Inc.
The Pension Plan for Employees of Enbridge Gas Distribution	Investment Managers
Enbridge Wind Power GP Enbridge Wind Power GP Electric UtilitiesUtilities Part of Enbridge, Inc., Enbridge Wind Power GP generates wind power. The private company is based in Calgary, Canada.	Electric Utilities
Spectra Energy Partners Canada Holding SARL
Spectra Energy Capital LLC Spectra Energy Capital LLC Gas DistributorsUtilities Spectra Energy Capital LLC supplies natural gas. It provides transportation and storage of natural gas for customers in various regions of the Eastern and Southeastern United States. The company also offers field services. Spectra Energy Capital was founded in1985 and is headquartered in Houston, TX.	Gas Distributors
Enbridge Risk Management, Inc.
ENBRIDGE ENERGY PARTNERS, L.P.	Oil & Gas Pipelines
Enbridge Risk Management (U.S.) LLC
Enbridge Partners Risk Management LP
Athabasca Indigenous Midstream Partnership Ltd. Athabasca Indigenous Midstream Partnership Ltd. Oil & Gas ProductionEnergy Minerals Part of Enbridge, Inc., Athabasca Indigenous Midstream LP is a Canadian company that provides oil exploration services. The private company is based in Calgary, Canada.	Oil & Gas Production
SPECTRA ENERGY PARTNERS, LP	Oil & Gas Pipelines
Sabal Trail Transmission LLC Sabal Trail Transmission LLC Oil & Gas ProductionEnergy Minerals Sabal Trail Transmission LLC is an American company that connects people to the energy they need to help fuel their quality of life. The joint venture company is located in the US. The company operates a 517-mile interstate natural gas pipeline that provides transportation services. The company believes that pipelines are one of the safest, most efficient, and most reliable ways to move energy resources like natural gas. Pipelines play a vital role in our everyday lives and are essential to our quality of life and economy.	Oil & Gas Production
Enbridge Rampion UK Ltd. Enbridge Rampion UK Ltd. Electric UtilitiesUtilities Part of Enbridge, Inc., Enbridge Rampion UK Ltd. engages in wind power generation. The private company is based in London, UK. Enbridge Rampion was founded in 2015.	Electric Utilities
Enbridge Employee Services, Inc.
Enbridge (U.S.), Inc. Enbridge (U.S.), Inc. Oil & Gas PipelinesIndustrial Services Enbridge (U.S.), Inc. provides transportation services for crude oil, liquid petroleum and natural gas. It also operates natural gas midstream businesses including gathering, transmission, processing, treating and marketing subsidiaries. The company was founded on July 12, 2001 and is headquartered in Houston, TX.	Oil & Gas Pipelines
Enbridge Supplemental Pension Plan Canadian Grantor Trust	Investment Managers
Retirement Plan for the Employees of Enbridge Inc.	Investment Managers
Enbridge Gas, Inc. Enbridge Gas, Inc. Gas DistributorsUtilities Enbridge Gas, Inc. Engages in the distribution and transmission services of natural gas. The company was founded on January 1, 2019, and is headquartered in North York, Canada.	Gas Distributors
Tidal Energy Marketing, Inc. Tidal Energy Marketing, Inc. Wholesale DistributorsDistribution Services Tidal Energy Marketing, Inc. markets crude oil and natural gas liquids for small to medium sized producers and to the government of Alberta. It supplies, sells and distributes natural gas liquids primarily propane, butane and natural gasoline across North America. The company is headquartered in Calgary, Canada.	Wholesale Distributors
Enbridge Supplemental Pension Plan	Investment Managers
Enbridge Supplemental Pension Plan RCA Trust Fund	Investment Managers
Enbridge Gas New Brunswick LP Enbridge Gas New Brunswick LP Gas DistributorsUtilities Enbridge Gas New Brunswick LP engages in the natural gas business. The company is headquartered in Fredericton, Canada.	Gas Distributors
Algonquin Gas Transmission LLC Algonquin Gas Transmission LLC Oil & Gas PipelinesIndustrial Services Algonquin Gas Transmission LLC provides transportation and storage of natural gas. It pipelines connect to Texas Eastern Transmission and Maritimes and Northeast. The company is headquartered in Dallas, TX.	Oil & Gas Pipelines
Texas Eastern Transmission LP Texas Eastern Transmission LP Gas DistributorsUtilities Texas Eastern Transmission LP engages in the provision of interstate transmission and storage of natural gas. The company was founded in 1947 and is headquartered in Houston, TX.	Gas Distributors
New Creek Wind LLC
IPL Insurance (Barbados) Ltd.
Enbridge Insurance (Barbados QIC) Ltd.
WESTCOAST ENERGY INC.	Gas Distributors
Keechi Wind LLC
Tidal Energy Marketing (U.S.) LLC
Aitken Creek Gas Storage ULC Aitken Creek Gas Storage ULC Gas DistributorsUtilities Aitken Creek Gas Storage ULC operates as a underground natural gas storage facility in British Columbia. It has a total working gas capacity of 77 BCF. The firm’s gas storage facility is uniquely positioned to benefit from future development of British Columbia''s natural gas resources to serve both domestic markets and LNG exports. The company is headquartered in Calgary, Canada.	Gas Distributors
Enbridge Pipelines, Inc. Enbridge Pipelines, Inc. Oil & Gas PipelinesIndustrial Services Enbridge Pipelines, Inc. provides oil and gas pipeline transportation services. It offers transportation of crude oil and liquid hydrocarbons. The firm owns and operates interstate gas pipeline, which transports natural gas. The company was founded in 1947 and is headquartered in Calgary, Canada.	Oil & Gas Pipelines
Liberty Utilities (St. Lawrence Gas) Corp. Liberty Utilities (St. Lawrence Gas) Corp. Gas DistributorsUtilities Liberty Utilities (St. Lawrence Gas) Corp. distributes natural gas. It offers residential and commercial services, home energy assistance energy program, industrial services, and interruptible services. The company was founded in 1957 and is headquartered in Massena, NY.	Gas Distributors
Express Pipeline LP Express Pipeline LP Other TransportationTransportation Express Pipeline LP provides crude oil transportation services. It delivers crude oil to refineries. The company is headquartered in Calgary, Canada.	Other Transportation
Union Gas Ltd. Master Trust	Investment Trusts/Mutual Funds
MIDCOAST ENERGY PARTNERS LP	Gas Distributors

Trading Rating

Investor Rating

ESG Refinitiv

B+

More Ratings

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

50.5 CAD

Average target price

53.19 CAD

Spread / Average Target

+5.33%

Consensus

Estimates Revisions

Company calendar

Energy - Fossil Fuels

Oil & Gas Related Equipment and Services

Oil & Gas Transportation Services

Other Oil & Gas Transportation Services

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