Previous Close | 34.46 |
Open | 34.25 |
Bid | 33.69 x 1800 |
Ask | 33.86 x 800 |
Day's Range | 33.66 - 34.26 |
52 Week Range | 32.90 - 42.12 |
Volume | |
Avg. Volume | 5,270,153 |
Market Cap | 71.627B |
Beta (5Y Monthly) | 0.90 |
PE Ratio (TTM) | 24.24 |
EPS (TTM) | 1.39 |
Earnings Date | Nov 02, 2023 - Nov 06, 2023 |
Forward Dividend & Yield | 2.63 (7.61%) |
Ex-Dividend Date | Aug 14, 2023 |
1y Target Est | 42.91 |
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A recent C$4.6 billion capital raise by Enbridge and a raft of new U.S. deals have spurred optimism for a revival in Canadian equity capital markets (ECM) issuance, bankers and lawyers said.
A recent C$4.6 billion capital raise by Enbridge and a raft of new U.S. deals have spurred optimism for a revival in Canadian equity capital markets (ECM) issuance, bankers and lawyers said. Enbridge's jumbo equity sale to finance a portion of its acquisition of three utilities from Dominion Energy propelled Canadian ECM issuance to a two-year high of C$6.7 billion ($5 billion) in the third quarter of this year, according to data from Refinitiv. "I think there is evidence out there that for the right transaction for the right reasons, investors will show up," said François Carrier, co-head of Desjardins Capital Markets.
With the 10-year Treasury rate now at 4.5%, investors should demand more from their income stock investments. After all, if a company offers little growth and a much lower yield than the risk-free rate, then the risk might not be worth taking.