Update shared on12 Sep 2025
Fair value Increased 0.42%With both the discount rate and future P/E multiple remaining effectively unchanged, analysts made only a marginal upward revision to Enbridge’s fair value, increasing the consensus price target from CA$68.12 to CA$68.40.
What's in the News
- Wells Fargo raised its Enbridge price target to C$62 from C$60 following a Q2 earnings beat, but maintained an Equal Weight (neutral) rating due to valuation (Periodicals).
- Enbridge, through the Matterhorn joint venture, reached a final investment decision with partners to construct the Eiger Express Pipeline, a 450-mile natural gas pipeline from the Permian Basin to the Katy area, expected in service by mid-2028 (Key Developments).
- The Eiger Express Pipeline will have a capacity of up to 2.5 Bcf/d, with Enbridge holding a 10% stake in the joint venture; the project is supported by long-term agreements with investment-grade shippers (Key Developments).
- Enbridge finalized a 600 MW Texas solar project (Clear Fork), with a total investment of USD 0.9 billion, projected to be operational by summer 2027 (Key Developments).
- Enbridge signed a long-term contract with Meta Platforms to purchase all renewable output from the Clear Fork solar project, which is expected to positively impact cash flow and EPS from 2027; additionally, multiple institutions including Truist, Wells Fargo, and BofA Securities were added as co-lead underwriters for recent fixed-income offerings (Key Developments).
Valuation Changes
Summary of Valuation Changes for Enbridge
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from CA$68.12 to CA$68.40.
- The Discount Rate for Enbridge remained effectively unchanged, moving only marginally from 6.90% to 6.98%.
- The Future P/E for Enbridge remained effectively unchanged, moving only marginally from 23.30x to 23.45x.
Disclaimer
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