ENB.TO Enbridge Inc. TSX closed C$67.27 on 03 Feb 2026: volume-led dividend focus

ENB.TO stock closed at C$67.27 on 03 Feb 2026 after a heavy session of 9,040,710 shares, ranking it among the TSX most active names. The share gain of C$1.28 (+1.94%) was driven by above‑average volume and renewed attention to Enbridge’s dividend and near‑term earnings catalyst. Traders saw a narrow intraday range with a low of C$66.04 and a high of C$67.44, keeping the stock near its 50‑day average of C$65.63. We summarise why liquidity, yield and upcoming results matter for short‑term and income investors.

ENB.TO stock trading snapshot

Enbridge Inc. (ENB.TO) on the TSX closed at C$67.27, up C$1.28 or 1.94%, on volume of 9,040,710 shares versus an average of 7,522,088. The stock traded between C$66.04 and C$67.44, with relative volume around 1.20, which confirms the “most active” status for the session.

High liquidity over the day makes price discovery efficient, and the close above the 50‑day average (C$65.63) signals short‑term buyer interest while keeping the longer trend intact.

ENB.TO stock fundamentals and valuation

Enbridge’s trailing twelve‑month EPS is 2.55 with a P/E of 26.38 and market cap near C$146.85B. The company shows strong revenue per share (29.56) and a book value per share of 22.66, but the debt profile is notable: debt‑to‑equity is 1.59 and net debt to EBITDA is 3.92.

Dividend metrics are material for investors: TTM dividend per share is C$3.77 and dividend yield sits near 5.60%. Price multiples sit a touch above the energy sector average P/E of 21.43, reflecting yield and utility‑like stability priced into the stock.

Earnings, dividends and near‑term catalysts

Enbridge is due to report next on 13 Feb 2026; the earnings date and guidance will be the primary short‑term catalyst. The company recently declared a quarterly dividend of C$0.97 payable 01 Mar 2026, record date 17 Feb 2026, which strengthens the income narrative and drew fresh buyer interest.

Institutional flows continue to shift: recent filings show position trims by some funds and purchases by others, a pattern that increases session activity and can amplify moves around earnings and dividend dates. For source context see MarketBeat and Nasdaq coverage source source.

Technical picture and intraday signals

Momentum indicators show mixed signals: RSI at 39.27 and MACD at -0.80 (signal -0.63) point to neutral‑to‑mild bearish momentum, while ADX 27.11 indicates a strong trend is present. The 50‑day average is C$65.63 and the 200‑day average is C$64.98, both below the close and supporting a constructive medium‑term technical backdrop.

Volatility measures are contained—ATR 1.02—and Bollinger Band middle at C$64.68 suggests the current price sits near the upper half of the recent band, consistent with the session’s positive close on heavy volume.

Meyka AI grade and ENB.TO stock forecast

Meyka AI rates ENB.TO with a score out of 100: 71.68 (Grade B+), suggestion: BUY. This grade factors in S&P 500 and sector comparison, industry metrics, financial growth, key ratios, forecasts and analyst consensus. These grades are not guarantees and we are not financial advisors.

Meyka AI’s forecast model projects a one‑year target of C$77.75, compared with the current C$67.27, implying an upside of 15.58%. Forecasts are model‑based projections and not guarantees; they should be combined with company updates, upcoming earnings on 13 Feb 2026, and sector moves when making decisions.

Risks, sector context and valuation headwinds

Key risks include high leverage—interest coverage near 2.27—and a payout ratio above 130%, which exposes the dividend to cash‑flow swings. ENB.TO sits in the Energy sector where the average debt‑to‑equity is 1.44, so Enbridge’s leverage is modestly higher than peers.

Valuation mismatches matter: enterprise value to EBITDA at 11.76 versus sector dynamics means the market prices a hybrid of regulated utility stability and midstream commodity exposure. Regulatory, commodity and interest‑rate risks remain primary downside triggers.

Final Thoughts

ENB.TO stock closed the session at C$67.27 on 03 Feb 2026 with above‑average liquidity and renewed focus on income and the upcoming earnings release. Short‑term traders should note the session’s relative volume (9,040,710 vs avg 7,522,088) and the price sitting above both the 50‑ and 200‑day moving averages, which supports tactical longs into earnings for those comfortable with event risk. Income investors will weigh a high nominal yield near 5.60% and a declared quarterly payout of C$0.97 against leverage metrics: debt‑to‑equity 1.59 and interest coverage 2.27 increase sensitivity to weaker cash flow.

From a model perspective, Meyka AI’s forecast projects C$77.75 in one year, an implied upside of 15.58% versus today’s close; that projection coexists with an analyst mix that ranges from Hold to Outperform and a consensus price target nearer C$63.00 reported by some outlets. For the most active traders, the trade is liquidity plus event exposure; for income investors, the dividend yield is attractive but tied to execution and cash flow. We track earnings on 13 Feb 2026, regulatory updates and sector flows using real‑time tools from Meyka AI, and recommend sizing positions to reflect the company’s leverage and payout profile. Forecasts are model projections and not guarantees.

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Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.