Argus Sees Enbridge (ENB) Well Positioned, Raises Price Target to $59

Enbridge Inc. (NYSE:ENB) is included among the 15 Best High Dividend Stocks to Invest in Under $100.

On March 2, Argus Research raised its price recommendation on Enbridge Inc. (NYSE:ENB) to $59 from $54. The firm reiterated a Buy rating on the shares. The analyst said Enbridge appears better positioned than many other energy infrastructure companies in the current environment. The firm pointed to the company’s limited exposure to commodity prices and volumes, along with its network of crude oil and natural gas pipelines and its growing utility business.

During the fourth-quarter 2025 earnings call, President and CEO Gregory Ebel began by discussing several leadership changes at the company. He welcomed Matthew Akman as Executive Vice President and President of Gas Transmission. Allen Capps joined as Head of Corporate Strategy and President of Power. Marlon Samuel stepped in as the company’s new Vice President of Investor Relations.

Ebel also reflected on the company’s financial results for the year. He said Enbridge delivered another year of record performance and finished above the midpoint of its 2025 guidance for both EBITDA and distributable cash flow per share. According to him, the company has now met or exceeded its annual financial targets for 20 consecutive years.

Ebel also noted that Enbridge increased its dividend for the 31st straight year. That streak allows the company to keep its standing as a dividend aristocrat. He added that Enbridge’s debt-to-EBITDA ratio remained within its target range of 4.5x to 5x. In his view, that level supports the company’s strong investment-grade credit profile and leaves room to keep expanding its investment capacity.

Enbridge Inc. (NYSE:ENB) operates as an energy transportation and distribution company. Its business runs across five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services.

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