Enbridge Stock (NYSE:ENB), Trade Ideas

Enbridge

Enbridge owns extensive midstream assets that transport hydrocarbons across the US and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company. The firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.

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Biden admin urges appeals court to reconsider order for Enbridge to drain part of pipeline on tribal land, citing treaty violation.

Legal Battle Over Enbridge Pipeline: Biden Administration Reportedly Urges Review

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Enbridge&#39;s subsidiary reportedly received FERC approval for Venice extension project in Louisiana with a capacity of 1.3 bcfd and $500M cost. Project expected to be completed by 2026.

US Regulators Gives Green Light for Enbridge&#39;s Louisiana Venice Pipeline: Report

Enbridge pipeline construction

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Enbridge Inc. partners with WhiteWater/I Squared Capital and MPLX LP to form a joint venture, connecting Permian Basin gas supply to LNG and USGC demand.

Enbridge Forms Powerhouse JV For Permian Basin Gas Pipeline Expansion: Details

Enbridge Inc

ENBRIDGE INC 5.50% PFD A by Enbridge Inc.

ENBRIDGE INC PREF SER 13 by Enbridge Inc.

ENB FINANCIAL CORP PA by ENB Financial Corp.

ENB Financial Corp

ENBRIDGE INC RE PRF SER 7 by Enbridge Inc.

The Biden administration&nbsp;has reportedly&nbsp;urged a U.S. appeals court to tell a lower court to rethink the order that required&nbsp;Enbridge Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) to drain portions of an oil pipeline that runs through Native American tribal land in Wisconsin.
In a brief dated April 8, the U.S. Department of Justice (DOJ) told the Chicago-based 7th U.S. Circuit Court of Appeals that forcing Enbridge to drain portions of its Line 5 pipeline can interrupt service in violation of a 1977 treaty between the U.S. and Canada to keep oil flowing, reported Reuters.
The 71-year-old pipeline carries 540,000 barrels of mostly Canadian oil per day from Wisconsin to Ontario and is part of the wider Mainline network, the report reads.
The U.S., which is not a party to the case, reportedly stated that the lower court was right to find Enbridge is trespassing on the tribal land and said the court should reconsider its decision ordering Enbridge to stop operating portions of the pipeline by 2026.
Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37940984/enbridge-forms-powerhouse-jv-for-permian-basin-gas-pipeline-expansion-details" rel="noreferrer noopener">Enbridge Forms Powerhouse JV For Permian Basin Gas Pipeline Expansion: Details</a>
Canada, which is also not a party to the case, had earlier argued to keep the company&#8217;s pipeline open due to the treaty.
Notably, the lawsuit was filed in 2019 against Enbridge by the Native American tribe, the Bad River Band of Lake Superior Chippewa, who said the tribe is &#8220;grateful the U.S. agrees Enbridge is operating on tribal land unlawfully,&#8221; but is &#8220;disappointed that the U.S. has not unequivocally called for an immediate end to Enbridge&#8217;s ongoing trespass.&#8221;
An Enbridge spokesperson argued that closing the pipeline would not be in the public interest, and they continue to seek a solution that would not disrupt the flow of oil.&nbsp;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37842870/enbridge-doubles-down-on-gray-oak-pipeline-expansion-in-texas-report" rel="noreferrer noopener">Enbridge Doubles Down On Gray Oak Pipeline Expansion In Texas: Report</a>
The company has offered the Band $80 million to settle the dispute.
Last year, U.S. District Judge William Conley in Madison ordered Enbridge to pay the tribe nearly $5.2 million for trespassing, plus a portion of its profits.
In its amicus brief, DOJ also said $5.2 million in restitution is too low, given Enbridge&#8217;s profits from the pipeline.&nbsp;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38107364/us-regulators-gives-green-light-for-enbridges-louisiana-venice-pipeline-report" rel="noreferrer noopener">US Regulators Gives Green Light for Enbridge&#8217;s Louisiana Venice Pipeline: Report</a>
Price Action: ENB shares are up 0.20% at $34.61 premarket on the last check Thursday.&nbsp;

Enbridge Inc.&#8216;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) Texas Eastern Transmission subsidiary reportedly received approval from the U.S. Federal Energy Regulatory Commission (FERC) to start a natural gas pipeline service related to its Venice extension project in Louisiana.
The U.S. Energy Information Administration (EIA) said that the Venice extension would have a capacity of around 1.3 billion cubic feet per day (bcfd) and cost about $500 million, reported Reuters.
The 3-mile (4.8-kilometer), 36-inch (91.4-centimer) Venice extension is meant for supplying gas to Venture Global LNG&#8217;s Plaquemines liquefied natural gas (LNG) export plant.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37842870/enbridge-doubles-down-on-gray-oak-pipeline-expansion-in-texas-report" rel="noreferrer noopener">Enbridge Doubles Down On Gray Oak Pipeline Expansion In Texas: Report</a>
As per the report, the project is under construction and expected to enter service between 2024 and 2026.
Last month, Enbridge joined forces with WhiteWater/I Squared Capital and MPLX to enhance natural gas infrastructure linking&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37940984/enbridge-forms-powerhouse-jv-for-permian-basin-gas-pipeline-expansion-details" rel="noreferrer noopener">the Permian Basin to LNG and USGC</a>.
Price Action: ENB shares are up 0.14% at $35.69 premarket on the last check Friday.

US Regulators Gives Green Light for Enbridge's Louisiana Venice Pipeline: Report

Enbridge Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) penned a definitive deal with&nbsp;WhiteWater/I Squared Capital&nbsp;and&nbsp;MPLX LP&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>)&nbsp;to form a joint venture to construct and operate natural gas pipeline and storage assets connecting Permian Basin natural gas supply to growing&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/n37929650/enbridge-to-enter-into-jv-connecting-permian-basin-natural-gas-supply-to-growing-lng-and-usgc-dema" rel="noreferrer noopener">LNG and U.S. Gulf Coast (USGC) demand</a>.
The joint venture, which will be owned by WhiteWater/I Squared (50.6%), MPLX (30.4%), and Enbridge (19.0%), includes a 100% stake in Whistler pipeline, Rio Bravo pipeline project, 70% interest in ADCC pipeline and 50% interest in Waha Gas Storage assets.
Around 98% of capacity is contracted under long-term, with an average contract length of over ten years, and about 90% of counterparties are investment grade and include leading operators in the Permian Basin.
The deal is expected to be immediately accretive to Enbridge&#8217;s DCF per share, with ~90% contracted cash flows.
The joint venture is projected to optimize its balance sheet by boosting EBITDA and reducing Enbridge&#8217;s share of future Rio Bravo pipeline project capex proportional to its economic interest.
The transaction is projected to close in the second quarter of 2024, subject to receipt of required regulatory approvals and other customary closing conditions.
Poat deal-closure, Enbridge will contribute its wholly-owned Rio Bravo pipeline project and ~$350 million in cash to the joint venture and will fund the first ~$150 million of the post-closing capital expenditure to complete the Rio Bravo pipeline project.&nbsp;
Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/37040342/pipeline-giant-enbridge-backs-2024-guidance-post-q4-results-details" rel="noreferrer noopener">Pipeline Giant Enbridge Backs 2024 Guidance Post Q4 Results: Details</a>
Enbridge will get a 19% equity stake in the joint venture and retain a 25% economic interest in the Rio Bravo pipeline project, subject to certain redemption rights of the joint venture partners.
&#8220;Acquiring a meaningful equity interest in an integrated Permian natural gas pipeline and storage network that is directly connected to our existing infrastructure at Agua Dulce through this JV with WhiteWater/I Squared and MPLX is very exciting,&#8221; commented Cynthia Hansen, EVP and President, Gas Transmission and Midstream of Enbridge.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37842870/enbridge-doubles-down-on-gray-oak-pipeline-expansion-in-texas-report" rel="noreferrer noopener">Enbridge Doubles Down On Gray Oak Pipeline Expansion In Texas: Report</a>
Price Action: ENB shares are down 0.43% at $35.78 on the last check Tuesday.
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Enbridge Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) reportedly plans to expand Gray Oak oil pipeline capacity by 80,000 barrels per day (bpd) in 2024 and expects to add another 40,000 bpd in 2025.
The company had initially planned to add 200,000 bpd to the Texas pipeline but revised the target downward to 100,000 bpd-200,000 bpd in February, as per Reuters.
The Gray Oak pipeline runs on the Gulf Coast between the Permian basin in West Texas and Corpus Christi, Texas.&nbsp;
Notably, as per the report, Enbridge&#8217;s Ingleside Energy Center is the largest crude oil storage and export terminal by volume in the U.S.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/02/36935608/enbridges-once-in-a-generation-opportunity-triggers-golden-cross-ahead-of-q4-earnings" rel="noreferrer noopener">Enbridge&#8217;s &#8216;Once-In-A-Generation Opportunity&#8217; Triggers Golden Cross Ahead Of Q4 Earnings</a>
The report quoted Colin Gruending, an executive vice president, as saying, &#8220;It&#8217;s certainly a competitor for Corpus. But given the advantages of our terminal at Corpus, we are confident Ingleside can compete well against SPOT.&#8221;&nbsp;
Last month, Enbridge reported&nbsp;fourth-quarter FY23 adjusted EPS at C$0.64, driven by increased contributions&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/37040342/pipeline-giant-enbridge-backs-2024-guidance-post-q4-results-details" rel="noreferrer noopener">from various segments</a>.&nbsp;
In its quarterly report, the company&nbsp;reaffirmed its 2024 financial guidance for EBITDA at C$16.6 billion-C$17.2 billion and&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">DCF per share at C$5.40-C$5.80.</a>
Price Action: ENB shares closed higher by 0.65% at $35.75 on Tuesday.

Enbridge Doubles Down On Gray Oak Pipeline Expansion In Texas: Report

RBC Capital analyst Maurice Choy reiterates Enbridge (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ENB#TSX">ENB</a>) with a Outperform and maintains C$54 price target.

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TSX:ENB

RBC Capital Reiterates Outperform on Enbridge, Maintains C$54 Price Target

Jim Cramer, CNBC&#8217;s market commentator, has identified companies and sectors that are likely to benefit from the wave of artificial intelligence (AI).
What Happened: Cramer believes AI will be crucial to significant market rallies in the coming years. &#8220;This technological revolution is crossing all barriers, even potentially becoming the heart of our national security apparatus,&#8221; Cramer said. He suggested that AI could be the key to substantial financial gains over the next half-decade, CNBC <a href="https://www.cnbc.com/2024/03/06/jim-cramer-names-companies-and-sectors-poised-to-rally-on-the-ai-wave.html">reported</a> on Wednesday.
Companies like NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), which produces graphics chips vital for generative AI, have seen significant growth recently. Cramer highlighted that the computing power required for AI-enabled machines is at the core of the current re-industrial revolution and will boost stocks from various sectors.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37477573/crypto-analyst-sees-dogecoin-reaching-half-a-dollar-soon-says-doge-has-plenty-more-left-in?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto Analyst Sees Dogecoin Reaching Half A Dollar Soon, Says &#8216;DOGE Has Plenty More Left In The Tank&#8217;</a>
According to Cramer, the construction required for new data centers is one reason why stocks like Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) are performing well. Power management company Eaton Corporation PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) and Vertiv Holdings Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>), which manages wiring in data centers, are also seeing gains due to increased demand.
Cramer also identified companies like Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) and ServiceNow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), which manage and parse data, as potential beneficiaries of the AI wave. He also pointed out the importance of sustainable power generation utilities like Constellation Energy Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) and natural gas companies like Enbridge Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) in this new tech era.
&#8220;The AI revolution is already producing some of the most investible themes of all time,&#8221; Cramer concluded.
Why It Matters: Cramer&#8217;s forecast comes as AI stocks have been experiencing a boom, with companies like <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37457654/super-micro-computer-joins-s-p-500-index-an-ai-winner-at-premium-valuation-analyst-">Super Micro Computer</a> joining the S&amp;P 500 Index. 
However, Cramer has also expressed caution about <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37473688/super-micro-computer-has-gotten-too-hot-says-jim-cramer-after-stock-rallied-over-27">certain AI stocks</a>, such as Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), which he believes has &#8220;gotten too hot&#8221;. 
He earlier suggested <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37476633/jim-cramer-picks-these-4-stocks-as-better-ai-investments-alongside-nvidia-skips-sup">alternative AI investments</a> such as Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Cadence Design Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>). 
Meanwhile, Harvard economist Ken Rogoff has warned of a potential <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37475141/harvards-rogoff-sounds-alarm-on-ai-stock-boom-cites-big-tech-less-likely-to-face-an">AI stock bubble</a>, citing the expectation of AI remaining unregulated as a potential risk.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37447110/from-crypto-tech-debates-to-dogwifhat-love-raoul-pal-embraces-alt-season-dominated-by-dog-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">From Crypto Tech Debates To Dogwifhat Love: Raoul Pal Embraces &#8216;Alt Season&#8217; Dominated By Dog With A Hat: &#8216;Leave Your Brain Behind And Enjoy&#8217;</a>
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Beyond Nvidia, Jim Cramer Identifies Companies And Sectors Set To Surge Amid AI Wave: 'This Technological Revolution Is Crossing All Barriers'

Enbridge CEO Expects To Reroute Line 5 Pipeline Around Bad River Reservation By June 2026

Enbridge Mainline Not Going To Lose Large Oil Volume To Trans Mountain Expansion; Expects 4.5 BCFD Gas Production Growth In Western Canada Through 2040; CEO Says Not Considering Spinoffs Of Businesses, Optimistic Company Can Add Pipeline Capacity To Meet Canada Oil Growth Without Large Capital Spending

Enbridge Sees Western Canada Oil Supply Growing By 500,000 Bpd Through 2025; Sees Western Canada Pipeline Utilization Reaching 99% By 2026 CEO Sees Company Focusing On Small Tuck-in Acquisitions This Year, Not Bigger Deals

Enbridge Inc. (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ENB#TSX">ENB</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) (Enbridge or the Company) announced today that the Canada Energy Regulator (CER) has approved the Mainline Tolling negotiated settlement effective until December 31, 2028. The settlement sets tariffs for crude oil and liquids shipments that start in Western Canada and are delivered across Canada and North America.
"We're pleased that the CER approved the settlement and believe it creates value for all. Our customers will continue to receive competitive and responsive service; Enbridge will earn attractive risk-adjusted returns; and the Mainline will continue to feed&nbsp;North America&nbsp;and global markets with a long-term source of safe, secure, and affordable energy," said Colin Gruending, President, Liquids Pipelines. "The settlement received unanimous approval from industry, and we are grateful for our collaborative customer relationships."
The CER determined that the Settlement is consistent with the revised guidelines for negotiated settlements. The new tolls were in effect on an interim basis on July 1, 2023, and the overall agreement is retroactively effective back to July 1, 2021.
More details of the MTS filings are available&nbsp;on the CER website: <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4105260-1&amp;h=1663192678&amp;u=https%3A%2F%2Fapps.cer-rec.gc.ca%2FREGDOCS%2FItem%2FView%2F4425785&amp;a=Mainline+Tolling+Agreement">Mainline Tolling Agreement</a>

Global

Enbridge Receives Canada Energy Regulator Approval For Mainline Tolling Settlement Effective Until December 31, 2028

RBC Capital analyst Maurice Choy maintains Enbridge (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ENB#TSX">ENB</a>) with a Outperform and lowers the price target from C$55 to C$54.

RBC Capital Maintains Outperform on Enbridge, Lowers Price Target to C$54

Enbridge Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) reported a fourth-quarter FY23 adjusted EPS of C$0.64,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/n37031030/enbridge-reports-record-2023-financial-results-reaffirms-2024-financial-guidance-and-advances-stra" rel="noreferrer noopener">higher than C$0.63 a year ago</a>.
Adjusted EBITDA rose to C$4.11 billion from C$3.91 billion a year ago. This was led by higher Mainline volumes, increased contributions from the Midcontinent and Gulf Coast segment, higher Canadian utility rates and customer base, the expiration of certain transportation commitments in the Energy Services business, and favorable USD/CAD hedge settlement rates.&nbsp;
Liquids Pipelines adjusted EBITDA increased to C$2.39 billion from C$2.33 billion a year ago on higher contributions from the Gulf Coast and Mid-Continent System, Southern Lights revenue from uncommitted volumes, and increased Mainline System throughput.
Gas Transmission and Midstream adjusted EBITDA decreased to C$1.08 billion from C$1.12 billion the prior year.&nbsp;
Gas Distribution And Storage adjusted EBITDA rose to C$519 million from C$467 million a year ago. Renewable Power Generation adjusted EBITDA stood at C$141 million vs. C$122 million the prior year.
Distributable cash flow stood at C$2.73 billion vs. C$2.66 billion in the prior year.
Dividend: The company raised the 2024 quarterly dividend by 3.1% to C$0.915 (C$3.66 annualized) per share, reflecting the 29th consecutive annual increase.
In the quarter, Enbridge announced the sale of it&#8217;s 50% stake in Alliance Pipeline (Alliance) and its 42.7% interest in Aux Sable to Pembina Pipeline Corporation for C$3.1 billion.
FY24 Outlook&nbsp;<a target="_blank" href="https://www.enbridge.com/media-center/news/details?id=123791&amp;lang=en" rel="noreferrer noopener">Reiterated</a>: ENB reaffirmed its 2024 financial guidance for EBITDA and DCF. In November, Enbridge provided 2024 guidance on its base business of EBITDA of C$16.6 billion-C$17.2 billion and&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">DCF per share of C$5.40-C$5.80.</a>
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/02/36935608/enbridges-once-in-a-generation-opportunity-triggers-golden-cross-ahead-of-q4-earnings" rel="noreferrer noopener">Enbridge&#8217;s &#8216;Once-In-A-Generation Opportunity&#8217; Triggers Golden Cross Ahead Of Q4 Earnings</a>
Price Action: ENB shares are trading lower by 0.99% at $34.01 on the last check Friday.

Earnings

Guidance

Dividends

Pipeline Giant Enbridge Backs 2024 Guidance Post Q4 Results: Details

Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) reported quarterly adjsuted earnings of $0.47 per share which missed the analyst consensus estimate of $0.50 by 6 percent. This is unchanged from the same period last year.

Enbridge Q4 Adj. EPS $0.47 Misses $0.50 Estimate

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&bull; Plains All American (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) is estimated to report quarterly earnings at $0.36 per share on revenue of $12.64 billion.
&bull; AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) is projected to report quarterly earnings at $0.89 per share on revenue of $676.01 million.
&bull; Newell Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $1.98 billion.
&bull; Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) is expected to report quarterly earnings at $1.59 per share on revenue of $286.18 million.
&bull; Proto Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $122.72 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Amtech Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASYS#NASDAQ">ASYS</a>) is projected to report earnings for its first quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

AMCX

ASYS

COOP

CTLT

EMBC

ESNT

MPAA

PAGP

PRLB

ROAD

TIXT

WEED

Earnings Scheduled For February 9, 2024

Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) is set to give its latest quarterly earnings report on Friday, 2024-02-09. Here's what investors need to know before the announcement.
Analysts estimate that Enbridge will report an earnings per share (EPS) of $0.50. 
Enbridge bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.02, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Enbridge's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.440</td>
<td>0.51</td>
<td>0.620</td>
<td>0.54</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.462</td>
<td>0.51</td>
<td>0.629</td>
<td>0.47</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.95%</td>
<td>-0.14%</td>
<td>1.63%</td>
<td>3.26%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707400832_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Enbridge were trading at $47.51 as of February 07. Over the last 52-week period, shares are down 14.83%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/ENB/earnings">To track all earnings releases for Enbridge visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Enbridge's Earnings

Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) is set to give its latest quarterly earnings report on Friday, 2024-02-09. Here's what investors need to know before the announcement.
Analysts estimate that Enbridge will report an earnings per share (EPS) of $0.50. 
Enbridge bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.02, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Enbridge's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.440</td>
<td>0.51</td>
<td>0.620</td>
<td>0.54</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.462</td>
<td>0.51</td>
<td>0.629</td>
<td>0.47</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.95%</td>
<td>-0.14%</td>
<td>1.63%</td>
<td>3.26%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707400817_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Enbridge were trading at $47.51 as of February 07. Over the last 52-week period, shares are down 14.83%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/ENB/earnings">To track all earnings releases for Enbridge visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

As Enbridge Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) moves closer to reporting its fourth-quarter results Friday, its stock is signaling renewed investor confidence. While Enbridge stock is down 13% over the last year, a technical signal indicates the investor pessimism over the stock may now be fading. Enbridge is <a href="https://www.benzinga.com/calendars/earnings">reporting premarket Feb. 9</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/05084937/ENB-stock-with-Golden-Cross-Feb-5.png" alt="" class="wp-image-204638" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/05084937/ENB-stock-with-Golden-Cross-Feb-5.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/05084937/ENB-stock-with-Golden-Cross-Feb-5-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Ninety-eight percent of Enbridge&#8217;s EBITDA is derived from long-term contracts or regulated utilities, ensuring stable cash flows. 
The Mainline pipeline system, a key asset facilitating Canadian oil exports to U.S. markets, solidifies the company&#8217;s position in the energy infrastructure sector. The September 2023 strategic <a href="https://www.enbridge.com/stories/2023/september/enbridge-acquires-three-us-gas-utilities-from-dominion-energy#:~:text=Enbridge%20acquires%20trio%20of%20U.S.,a%20day%20of%20natural%20gas.">acquisition</a> of natural gas utilities from Dominion Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) further diversified Enbridge&#8217;s revenue streams and enhances its exposure to regulated utility assets.
"Adding natural gas utilities of this scale and quality, at a historically attractive multiple, is a once-in-a-generation opportunity," Greg Ebel, Enbridge's president and CEO, said at the time the acquisition was announced.
Enbridge&#8217;s business mix, post-acquisition, allocates 50% to liquids pipelines, 25% to gas transmission, 22% to gas distribution and 3% to renewables. 
With one of the best credit ratings in the midstream sector (BBB+), a well-laddered debt structure and low debt ratios, Enbridge maintains financial stability. Trading at a discount to historical average valuations, the stock could present a favorable buying opportunity, especially given its improved defensive and growth profiles post-acquisition.
The stock boasts a high <a href="https://www.benzinga.com/quote/ENB/dividend">forward dividend yield</a> of 7.62% The five-year average annualized dividend growth rate of Enbridge is 4.39%
Related: <a href="https://www.benzinga.com/markets/equities/24/01/36472474/3-top-high-yield-dividend-stocks-maximize-returns-in-2024">3 Top High-Yield Dividend Stocks: Maximize Returns In 2024</a>
<h2 class="wp-block-heading">Golden Cross Validates Investor Confidence</h2>
Enbridge looks fundamentally well-positioned to record gains in 2024. Technicals are hailing optimism as well.
Enbridge stock has made a&nbsp;Golden Cross, as can be seen in the chart above. The 50-day SMA has crossed over the 200-day SMA from below. This event is considered a positive signal for a stock or an index.
The Golden Cross is often interpreted as a sign of upward momentum and potential future price appreciation. Traders and investors use this crossover as a bullish indication, suggesting the stock's recent upward trend is gaining strength, and it may continue to rise in the near term.
Read Next: <a href="https://www.benzinga.com/news/24/02/36929446/top-5-industrials-stocks-that-may-fall-off-a-cliff-this-month">Top 5 Industrials Stocks That May Fall Off A Cliff This Month</a>

Technicals

Commodities

Trading Ideas

Enbridge's 'Once-In-A-Generation Opportunity' Triggers Golden Cross Ahead Of Q4 Earnings

As investors navigate the dynamic landscape of the stock market in 2024, seeking stable returns and consistent income streams remains a priority. Given the anticipated rate cuts this year, many investors may be seeking high-yield investment avenues as an alternative to their regular <a href="https://www.benzinga.com/money/best-investments-for-people-on-a-fixed-income">fixed income investments</a>.
High-yield dividend stocks continue to be an attractive option for many investors, offering the potential for both capital appreciation and regular dividend payouts. Here, we&#8217;ll explore three compelling high-yield dividend stocks that stand out in 2024.
These companies exhibit strong fundamentals and promising growth prospects, making them noteworthy considerations for investors aiming to bolster their portfolios with reliable income-generating assets.
Also Check Out: <a href="https://www.benzinga.com/yield-investments">Best High Yield Investments To Earn</a>
<h2 class="wp-block-heading">Enbridge Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>)</h2>
Canada-based Enbridge is a prominent energy infrastructure company known for its extensive network of pipelines, renewable energy projects, and utilities across North America. Enbridge&#8217;s business model, characterized by its defensive and durable nature, along with a strong balance sheet, suggests a potential for both safety and growth in dividend payouts for investors.
The company has been paying dividends for 9 years, and currently sports a forward dividend yield of <a href="https://www.benzinga.com/quote/ENB/dividend">7.41%</a>. Its 4-year average dividend yield stands at 6.95%.
<h2 class="wp-block-heading">Altria Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>)</h2>
Altria is a prominent American corporation known primarily for its significant involvement in the tobacco and related industries. Besides being one of the world&#8217;s largest producers and marketers of tobacco products, including cigarettes, cigars, and smokeless tobacco, the company has also diversified traditional tobacco products. 
Altria has developed and markets various smokeless and electronic products under brands like IQOS and Verve. It also has a significant stake in Cronos Group, a leading cannabis company. 
Altria has been paying dividends for 14 years and its stock sports an attractive forward dividend yield of <a href="https://www.benzinga.com/quote/MO/dividend">9.43%</a>. Its 4-year average dividend yield stands at 7.92%.
<h2 class="wp-block-heading">Enterprise Products Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>)</h2>
Enterprise Products Partners is a well-known American midstream energy company that specializes in the processing, transportation, and storage of natural gas, natural gas liquids (NGLs), crude oil, refined products, and petrochemicals. EPD operates in a growing industry, sporting a strong balance sheet that&#8217;s steadily reducing leverage.
EPD has attractive assets, low leverage, and trades at a high forward distribution yield of <a href="https://www.benzinga.com/quote/EPD/dividend">7.51%</a>. The 4-year average dividend yield is 8.07%.
Investors often look at high-yield dividend stocks as pillars of stability and for income. While considering various investment options, these three highlighted stocks exemplify strong dividend-paying companies with promising growth trajectories.
High-yield dividend stocks can be valuable components of a diversified portfolio, offering not just income, but also the potential for long-term wealth accumulation. Keep an eye on these companies as potential candidates for your investment portfolio in 2024, and stay informed about their performance and market dynamics to make informed investment choices.
However, it&#8217;s crucial for investors to conduct thorough research, analyze individual risk tolerance, and consult with financial advisors before making investment decisions. 
Now Read: <a href="https://www.benzinga.com/markets/commodities/23/12/36222772/energy-sector-stocks-flush-with-cash-amid-oils-bear-market-is-there-a-buy-signal-in-sight">Energy Sector Stocks Flush With Cash Amid Oil&#8217;s Bear Market: Is There A Buy Signal In Sight?</a>
Photo: Unsplash

3 Top High-Yield Dividend Stocks: Maximize Returns In 2024

Dividend stocks have always been an investor favorite, as they provide stable income and diversification benefits. These stocks also tend to hedge investors' portfolios during a market downturn or periods of uncertainty as they provide periodic payouts.&nbsp;
While the recent rally of stocks has sparked investor enthusiasm, certain analysts predict the current positive market trend to be a "bull trap," as UBS Managing Partner Michael Riesner said the "current breakouts is the setup for a classic bull trap instead of believing in the start of a larger breakout campaign."
Amid rising geopolitical tensions and worrying economic headwinds, investing in stable dividend-paying stocks can be fruitful. Several notable large-cap companies recently hiked their dividends, reflecting their sound fundamentals and promising growth potential. Take a closer look.&nbsp;
<h2 class="wp-block-heading">Enbridge</h2>
Canada-based Enbridge Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) is the largest natural gas utility company by volume in North America, as well as one of the major suppliers of crude oil. The company, which is the third largest in North America in terms of customer count, transports approximately 30% of the crude oil produced on the continent.&nbsp;
Enbridge pays $2.63 (CA$3.55) in dividends annually, yielding 7.43% on the current price. The stellar dividend yield on Enbridge is slated to rise further as the company hiked its annual dividends by 3% to $2.76 (CA$3.66) beginning March 1, 2024. This translates to an over 7.7% yield on the current stock price. This marks the 29th consecutive annual dividend hike announced by Enbridge, consolidating its position as a Dividend Aristocrat.&nbsp;
The company has strong financials to maintain its dividend payouts, as it predicts its cash flow will grow in the near term as well.&nbsp;
"We remain committed to annual dividend growth consistent with our medium-term distributable cash flow outlook and keeping our dividend payout ratio within 60 to 70% of DCF [discounted cash flow]," Enbridge President and CEO Greg Ebel said in a press release.&nbsp;&nbsp;
<h2 class="wp-block-heading">Don&#8217;t Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">This Jeff Bezos-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Warren Buffett once said, "If you don&#8217;t find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/3-high-yield-investments-boost-income">Here are three high-yield investments to add significant income to your portfolio</a>.</li>
</ul>
<h2 class="wp-block-heading">General Motors</h2>
General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), one of the top three car manufacturers in the U.S., announced a dividend hike and managerial revamp late last month to restructure its operations in the face of growing competition.&nbsp;
On Nov. 29, GM announced a 33% rise in dividend payouts beginning in January. The company currently pays $0.36 in dividends annually, yielding 1.01% on its current price. Effective next year, General Motors' annual dividend payout will stand at $0.48, yielding over 1.3%.&nbsp;
Apart from this, General Motors unveiled a $10 billion accelerated share repurchase program starting next year to boost the return of capital to shareholders. The company plans to reduce its capital spending and delay new products and investments to strengthen its balance sheet and finance shareholder returns.&nbsp;
The markets have been optimistic about GM since the strategy was unveiled, as the stock has risen by 29% over the past month.
<h2 class="wp-block-heading">CVS Health</h2>
CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), one of the largest health solutions companies in the U.S., announced a 10% hike in its dividend payouts on Dec. 5. CVS currently pays $2.66 in dividends annually, yielding 3.4% on the current price.
"By broadening our portfolio of integrated products and services, we expect to create a path to sustainable, profitable growth," CVS Health interim Chief Financial Officer Tom Cowhey said. "Our powerful cash generation capabilities will support our strategic goals, prudent capital deployment, and attractive return profile while also providing opportunities for meaningful long-term outperformance."
The company foresees a substantial cash availability of $40 billion to $50 billion for deployment from 2024 to 2026, with an estimated annual average free cash flow of $7 billion. The intended allocation includes 35% for capital expenditures, 25% for dividends and the remaining 40% earmarked for flexible deployment such as share repurchases.
Shares of CVS have risen by over 13% over the past month and over 5.5% over the past five days. This momentum is expected to continue, as TD Cowen has an Outperform rating on CVS stock with a price target of $99, indicating a nearly 26% potential upside. Cantor Fitzgerald has an Overweight on the stock with a price target of $87, reflecting an over 10% potential upside.&nbsp;
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Elon Musk may be adding landlord to his list of titles. <a href="https://www.benzinga.com/money/elon-musk-adding-landlord-list-of-titles">Here&#8217;s how to join him in his latest venture with as little as $100.</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> real estate fund backed by Jeff Bezos</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>

These Companies Just Hiked Their Dividends — Should You Buy?

RBC Capital analyst Maurice Choy reiterates Enbridge (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ENB#TSX">ENB</a>) with a Outperform and maintains C$55 price target.

RBC Capital Reiterates Outperform on Enbridge, Maintains C$55 Price Target

Energy Transfer: Why There Is Still A Decent Upside

Strategies For Building A High-Yield, Low-Risk Dividend Portfolio

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Investors who seek 50% returns in less than 12 months generally will have many choices within stable stocks. The general maxim regarding risk and return applies here: Risky, unstable stocks tend to offer much higher return potential. It logically follows that stability and high returns don&rsquo;t&nbsp; often go together. This has led to this list of stable stocks for returns.



That&rsquo;s the point of this article. I&rsquo;ve used a screener tool to identify stocks that have a low beta and are also projected to increase by 50% or more in price.&nbsp;



The stocks discussed below generally represent more conservative and stable Industries. However, for various reasons, they are also primed to grow rapidly.



Let&rsquo;s take a look at these stable stocks for returns which offer a potent combination of relative stability and high upside. They would make a nice addition to most portfolios.



<h2>Old Dominion Freight Line (ODFL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/supply-chain-shipping-logistics-1600-300x169.png" alt="logistics stocks. supply chain stocks"><div>Source: Travel mania / Shutterstock.com</div></div>Old Dominion Freight Line (NASDAQ:<a href="https://investorplace.com/stock-quotes/odfl-stock-quote/">ODFL</a>) is a supply chain stock worth paying attention to. The company operates a less than truckload (LTL) freight shipping business.&nbsp;



Old Dominion Freight Line&rsquo;s most recent earnings report denotes softness within its sector. In all of 2023 revenues fell by 6.3% while net income fell by 10%. That said, the company began to head in the right direction toward the end of 2023. In the 4th quarter revenues increased very slightly despite a 2% decline in volumes. Thus, like many other firms, Old Dominion Freight Line is capable of passing on the higher prices to customers. It&rsquo;s one of those stable stocks for returns.



The company will need to do more given that net income declined by 0.3% in Q4. This <a href="https://stockanalysis.com/stocks/odfl/forecast/">screener suggests potential upside</a> well above 50%. Old Dominion Freight Line&rsquo;s stability is evidenced by a <a href="https://finance.yahoo.com/quote/ODFL?.tsrc=fin-srch">beta of 1.03</a>. The company has fourth quarter momentum on its side and a clear opportunity to continue appreciating in price.&nbsp;



<h2>Insulet (PODD)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/medical-biotech-stocks1600-300x169.png" alt="Healthcare business graph data and growth, Medical examination and doctor analyzing medical report network connection on tablet screen. VANI stock"><div>Source: PopTika / Shutterstock.com</div></div>Insulet (NASDAQ:<a href="https://investorplace.com/stock-quotes/podd-stock-quote/">PODD</a>) is one of many promising stocks within the burgeoning diabetes management industry. The company develops and sells automated insulin pod delivery systems that are paired with an automated glucose monitor. The market within which insulate operates is expected to <a href="https://www.marketsandmarkets.com/Market-Reports/digital-diabetes-management-market-144725893.html">essentially double in size between 2023 and 2030</a>. Insulate will not be the only stock worth considering in this sector but it is one which offers relative stability paired with upside.



Let&rsquo;s quickly look at those metrics that suggest its shares offer that combination. Share prices move essentially in line with the broader stock market based on its <a href="https://finance.yahoo.com/quote/PODD?.tsrc=fin-srch">beta</a>. Analyst target prices suggest that shares currently valued at $164 <a href="https://www.wsj.com/market-data/quotes/PODD/research-ratings">could increase by more than $100</a> in value.



It&rsquo;s difficult to find much fault in Insulet as an investment based on 2023 results. <a href="https://www.businesswire.com/news/home/20240221333583/en/Insulet-Reports-Full-Year-2023-Revenue-Increase-of-30-30-Constant-Currency1-and-Fourth-Quarter-2023-Revenue-Increase-of-38-Year-Over-Year-37-Constant-Currency/">Revenues increased by 30%</a> overall in 2023. Those results were even better in the fourth quarter with revenues increasing by nearly 38%.Perhaps even more importantly, Insulet became substantially more profitable last year. In 2022 the company reported $4.6 million in that income. That figure increased to $206.4 million in 2023.



<h2>VinFast Auto (VFS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/chinese-ev-stocks1600-300x169.png" alt="EvCard charging station. EvCard is China's first electric vehicle rental service. As of July 2017, it had around 6,000 cars and 3,000 stations in Shanghai. Chinese EV stocks"><div>Source: abolukbas / Shutterstock.com</div></div>VinFast Auto (NASDAQ:<a href="https://investorplace.com/stock-quotes/vfs-stock-quote/">VFS</a>) is one of the better positioned companies and stocks on this list. The Vietnamese EV manufacturer represents multiple burgeoning sectors and is well regarded despite current issues affecting the electric vehicle industry overall.&nbsp;



Vietnam continues to emerge as a country for global supply chains as the China-U.S. rivalry heats up. The country has become a major export manufacturer and received fast growing foreign direct investment in recent years. It&rsquo;s part of the reason that VinFast Auto looks better than many of its contemporaries.



It&rsquo;s widely expected that the company&rsquo;s growth will see it through the current downturn that has plagued the EV sector.The company<a href="https://vingroup.widen.net/s/flqtkxqwwl/240222_vfs_6-k-4th-quarter-2023-financial-results"> delivered nearly 35,000 vehicles</a> in all of 2023, representing 374% growth. The company also gave guidance that it anticipates that it will deliver more than 100,000 vehicles in 2024. As the EV sector rebounds and those sales continue to increase shares have <a href="https://www.wsj.com/market-data/quotes/VFS/research-ratings">the potential to more than double and perhaps triple</a>.



<h2>Alibaba (BABA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/alibaba_stock-300x169.jpg" alt="The Alibaba (BABA) logo featured outside of an office building with bushes in the background"><div>Source: zhu difeng / Shutterstock.com</div></div>Alibaba (NASDAQ:<a href="https://investorplace.com/stock-quotes/baba-stock-quote/">BABA</a>) is a Chinese e-commerce giant and a stock that many have identified as one having high potential. It&rsquo;s well established that Alibaba often draws comparisons to Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>) and I think that&rsquo;s a good place to start.



Amazon is one of the most valuable firms globally with a market cap of roughly $1.8 trillion. Alibaba, on the other hand, carries a market cap of $188 billion. Amazon is expected to produce somewhere in the neighborhood of<a href="https://finance.yahoo.com/quote/AMZN/analysis"> $640 billion in revenues in 2024</a>. Alibaba is expected to produce approximately $140 billion. Amazon is roughly 10 times as valuable as Alibaba yet only produces approximately 4 to 5 times more sales. Does Amazon deserve a premium for having carved out such a strong business? Yes. Yet it&rsquo;s also easy to argue that Alibaba deserves more credit.



The company is also<a href="https://www.wsj.com/business/alibaba-repurchased-4-8-billion-of-shares-in-march-quarter-ebcf7b2d"> ramping up share buybacks </a>with the intention of increasing share prices.



Chinese stocks have been troubled for the past few years but sooner or later Alibaba is going to rebound and produce strong returns.



<h2>Enbridge (ENB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/enb-stock-300x169.jpg" alt="Enbridge (ENB) sign on the head Enbridge office in Toronto, Canada."><div>Source: JHVEPhoto / Shutterstock.com</div></div>Enbridge (NYSE:<a href="https://investorplace.com/stock-quotes/enb-stock-quote/">ENB</a>) Is a pipeline transporter of oil and gas. In other words, it is a midstream energy stock and one worth considering for its stability and upside. The company operates the world&rsquo;s <a href="https://www.enbridge.com/About-Us/Liquids-Pipelines">longest pipeline system with</a> 9,299 miles of pipeline in the U.S. and 8,510 miles of pipeline in Canada.In bridges natural gas pipeline is much more extensive by mileage and <a href="https://www.enbridge.com/About-Us/Natural-Gas-Transmission-Midstream-and-LNG">moves roughly 20% of all gas</a> consumed in the U.S.&nbsp;



The company&rsquo;s stability is evidenced by its most recent earnings report which <a href="https://www.enbridge.com/media-center/news/details?id=123799&amp;lang=en">reaffirmed its 2024 financial guidance</a>. The company is particularly attractive given its position in relation to natural gas. Demand for LNG is high at present. Enbridge recently <a href="https://www.reuters.com/business/energy/enbridge-form-natural-gas-supply-venture-2024-03-26/">formed a joint venture in order to supply that high export demand</a>. The JV will connect natural gas resources in the Permian Basin to the Gulf Coast. The stock also offers a high-yield dividend making it doubly attractive to income investors.&nbsp;



<h2>Indie Semiconductor (INDI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor1600e-300x169.jpg" alt="semiconductor stocks Close-up electronic circuit board. technology style concept. representing semiconductor stocks. top semiconductor stocks to buy now. semiconductor stocks"><div>Source: Shutterstock</div></div>Indie Semiconductor (NASDAQ:<a href="https://investorplace.com/stock-quotes/indi-stock-quote/">INDI</a>) Is a chip company focused on the opportunity in the automotive sector. Advanced Driver Assistance Systems (ADAS) and vehicle autonomy are a burgeoning market. It is expected that the ADAS market will grow at an annual rate of roughly <a href="https://www.marketsandmarkets.com/Market-Reports/driver-assistance-systems-market-1201.html">12% between this year and 2030</a>.



The company, however, is growing at a much faster rate. Fourth quarter revenues eclipsed $70 million representing <a href="https://s27.q4cdn.com/910956235/files/doc_news/indie-Semiconductor-Achieves-Record-Fourth-Quarter-and-2023-Results-2024.pdf">growth of 112% year over year</a>. 2023 revenues increased by 101% reaching $223 million.



The company managed to win business by capturing in cabin monitoring program accounts with multiple large vehicle manufacturers. Meanwhile, Indie Semiconductor was also recognized by Morgan Stanley as the fastest growing Semiconductor company in the world over the past two years.&nbsp;



The company&rsquo;s net loss is also decreasing and reached $20 million in the fourth quarter. The company expects first quarter revenues to grow by nearly 40% making it a hypergrowth firm.



<h2>Treace Medical Systems (TMCI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/medical-device-stocks-hospital-stocks-healthcare-stocks-300x169.jpg" alt="An image of two medical professionals performing a procedure on a patient"><div>Source: Roman Zaiets / Shutterstock.com</div></div>Treace Medical Systems (NYSE:<a href="https://investorplace.com/stock-quotes/tmci-stock-quote/">TMCI</a>) is a fast growing medical supply company in a niche area. The stock is <a href="https://stockanalysis.com/stocks/tmci/forecast/">expected to grow rapidly</a> from its current price and position.



The company develops and sells systems that are used in the correction of foot issues. The medical terms for those procedures are called lapiplasty and adductoplasty. The terms refer to bunion correction and the correction of metatarsal bones, respectively.



The company just <a href="https://www.globenewswire.com/news-release/2024/03/25/2851494/0/en/Treace-Celebrates-100-000-Lapiplasty-3D-Bunion-Correction-Patient-Milestone.html">celebrated a milestone</a>. Its Lapiplasty 3D Bunion Correction System was used on the 100,000th patient. The company increased the number of train doctors for those systems by 20% during 2023. Average revenues For each correction kit sold reached $6,437, a record high. Revenues increased by 32% overall in 2023 and by 25% during the fourth quarter. The company has a clear opportunity to continue selling more of its procedure kits into healthcare systems and training doctors. It&rsquo;s clear that the returns on increased sales are very high given that a 20% increase in 2023 equated to a 32% increase in revenues.&nbsp;







On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> Publishing Guidelines</a>.
<div>Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.</div><h3>More From InvestorPlace</h3>
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Barclays analyst Theresa Chen maintained a Hold rating on Enbridge (ENB – Research Report) today. The company's shares closed yesterday at $33.33. ...