2024-06-12 09:50:17 ET
Summary
- Despite flat stock performance, Enbridge's fundamentals are solid, with expanding profitability even in a challenging growth environment.
- Enbridge continues to invest heavily in future growth while maintaining a disciplined approach to capital allocation, ensuring stability.
- The company's 7.45% forward dividend yield is considered safe, and the stock is undervalued by approximately 8%, reinforcing a "Strong Buy" rating.
Investment thesis
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Enbridge: Stability And Profitability Secure Rock-Solid Dividend Yield