Enbridge Inc. (NYSE:ENB) is included among the 15 Best Passive Income Stocks to Buy Right Now.
On November 10, BMO Capital raised its price target for Enbridge Inc. to C$67 from C$66 while maintaining a Market Perform rating on the stock, as reported by The Fly.
During the third quarter of 2025, the company reported that it had added C$7 billion in new expansion projects this year, bringing the total to C$35 billion. These projects are expected to come online through 2033, providing greater visibility into Enbridge Inc.’s goal of delivering 5% compound annual cash flow per share growth after next year. This growth in cash flow is expected to support continued dividend increases.
Enbridge Inc. is also exploring over $4 billion in potential opportunities to expand its gas utility business to meet rising demand from data centers. It is working on roughly 60 projects across its service areas to supply gas for power generation and data centers, addressing growing energy needs over the coming years.
Enbridge Inc. operates as an energy infrastructure company, transporting and distributing oil, natural gas, and natural gas liquids through its extensive pipeline network.
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