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Enbridge Shares Rally Toward 52-Week High: Buy the Strength or Wait?
ZACKS· 2026-01-22 01:40
Key Takeaways ENB is rapidly moving toward its 52-week high with a 5.7% gain over the past six months.ENB's stability comes from 98% EBITDA under take-or-pay contracts and a 95% investment grade customer base.With $7B added to its secured backlog YTD, with $35B of approved projects expected to enter service by 2030.Enbridge Inc. (ENB) shares are quickly climbing toward its 52-week high of $50.54, closing at $47.13 on Jan. 20. Notably, the stock has also outperformed its industry peers, including Kinder Morg ...