ENB.TO Enbridge (TSX) pre-mkt C$70.65 24 Feb 2026: Most active, dividend focus
ENB.TO stock opened pre-market at C$70.65 on 24 Feb 2026 as the Toronto Stock Exchange’s most active energy name. Traders moved 9,107,743 shares on the session, above the 8,190,332 average, pushing the price near the year high of C$73.71. Short-term momentum and dividend news are driving flows, while analysts debate valuation and debt levels. We use the latest data to connect earnings, ratings and technicals to the stock’s trading activity and income profile.
ENB.TO stock: price, volume and session context
ENB.TO stock is trading pre-market at C$70.65 after opening at C$70.10 with a day range of C$69.91–C$71.05. Volume of 9,107,743 shares is above the 50-day average of 8,190,332, which supports the “most active” label for the session. The year high is C$73.71 and the year low is C$56.51, placing the current price 21.11% above the 12-month low.
ENB.TO stock: fundamentals, valuation and payout
Enbridge Inc. (ENB.TO) posts EPS C$3.22 and a PE ratio of 22.29, with market cap about C$156.65B. The company pays C$3.80 annual dividends, a yield near 5.30%, and a payout ratio above 100%, reflecting high shareholder returns but limited free cash flow cover. Price/Book is 2.50 and EV/EBITDA is 13.27, flagging fair value relative to midstream peers.
ENB.TO stock: recent news and analyst moves
Institutional flows drove recent activity: Trajan Wealth lifted its stake and Norges Bank added a new position, while Vanguard and CPP increased holdings. Several brokers adjusted ratings late Feb with TD and JPMorgan trimming optimism and Scotiabank and Weiss adding support. The company raised the quarterly dividend to C$0.97, which pushed income-focused buying and underpinned part of the pre-market volume spike. See coverage summary at MarketBeat.
ENB.TO stock: technical read and trading signals
Technicals show momentum into resistance: RSI 65.06 and ADX 33.80 suggest a strong short-term trend. MACD is positive (MACD 1.45 vs signal 1.27) and Bollinger upper band sits at C$73.08, close to the year high. Average True Range is C$1.34, so intraday swings are modest. Traders citing the unusual put volume may add short‑term volatility despite steady trend indicators.
ENB.TO stock: risks, sector view and cashflow metrics
Sector pressure from higher rates and commodity cycles matters for Enbridge’s midstream model. Debt metrics are key: debt/equity sits at 1.71 and net debt/EBITDA near 5.34, which raises interest coverage concerns (interest coverage 2.28). Free cash flow yield is low at 2.09%, but operating cash flow per share is C$5.37 supporting dividend continuity. Energy sector gains this year (+12.74% YTD) have helped ENB.TO stock performance.
ENB.TO stock: Meyka AI grade and forecast
Meyka AI rates ENB.TO with a score out of 100: 70.58, Grade B+, Suggestion: BUY. This grade factors in S&P 500 and sector comparison, financial growth, key metrics and analyst consensus. Meyka AI’s forecast model projects a monthly target C$73.08 and a yearly target C$76.33, implying short-term upside versus the current C$70.65 price. These model-based projections are not guarantees. For company background and more data visit our Meyka page at Meyka ENB.TO and the dividend history at StockAnalysis.
Final Thoughts
ENB.TO stock is the pre-market session’s most active TSX energy name on 24 Feb 2026, trading at C$70.65 on 9,107,743 shares. The stock blends a 5.30% yield with leverage that keeps valuation checks tight: PE 22.29, debt/equity 1.71 and net debt/EBITDA 5.34. Short-term catalysts include the higher quarterly dividend and recent institutional inflows, which explain elevated volume and a push toward the Bollinger upper band at C$73.08. Meyka AI’s model projects C$76.33 for the year, an implied upside of 8.04% versus the current price; this is a model-based projection and not a promise. Income investors will value the yield, while value or growth buyers should weigh elevated leverage and payout coverage before adding ENB.TO stock to portfolios. Our AI-powered market analysis platform flags the stock as a buy-grade income play that requires monitoring of free cash flow and interest coverage.
FAQs
What drives the pre-market volume for ENB.TO stock today?
Pre-market volume rose on a higher quarterly dividend and institutional buying from funds like Vanguard and Norges Bank. Elevated put activity also added trading flows. The combination of income demand and re-rating commentary from analysts drove the session’s high turnover.
Is ENB.TO stock a buy for dividend investors?
ENB.TO stock offers a ~5.30% yield, attractive to income investors. However, payout coverage is thin and net debt/EBITDA is high, so long-term buyers should balance yield with leverage risk and monitor free cash flow trends.
How does Meyka AI view ENB.TO stock performance?
Meyka AI rates ENB.TO with a score of 70.58 (Grade B+, Suggestion: BUY). The grade weighs benchmarks, sector data, growth and analyst sentiment. Forecasts are model-based and not investment guarantees.
What are the key numbers to watch after today’s session?
Watch dividend coverage, operating cash flow per share C$5.37, free cash flow yield 2.09%, and interest coverage 2.28. Also track volume vs the 50-day average and movement toward C$73.08 (Bollinger upper band).
Disclaimer:
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.