|Bid||0.00 x 2200|
|Ask||0.00 x 900|
|Day's range||37.89 - 38.25|
|52-week range||35.02 - 47.67|
|Beta (5Y monthly)||0.88|
|PE ratio (TTM)||40.77|
|Forward dividend & yield||2.60 (7.08%)|
|Ex-dividend date||14 Feb 2023|
|1y target est||N/A|
Shares in North American energy infrastructure company Enbridge (NYSE: ENB) were up by almost 2.5% by midday today. The move comes after a Credit Suisse analyst upgraded the stock from underperform to neutral. The upgrade follows some positive news flow regarding the French government's decision to select EDF Renewables and Maple Power (a joint venture between Enbridge and the Canadian Pension Plan Investment Board) to develop France's largest offshore wind farm near Normandy.
Enbridge (ENB), EDF Renewables and its partners are set to develop the sixth offshore wind project off Normandy, one of the largest in France.
Enbridge (NYSE: ENB) is an outstanding dividend stock. Meanwhile, it currently offers investors a 7.2% dividend yield -- several times above the S&P 500's 1.7% dividend yield -- that it supports with its strong cash flows and financial profile. It continues to secure new expansion projects that should give it the power to keep increasing the dividend.