Enbridge: AI Tailwind Priced In (Rating Downgrade)

Enbridge is downgraded to Hold as recent share price appreciation has priced in growth potential already. ENB’s growth projects, notably the 1.6 GW Cowboy Project with Meta and storage/pipeline expansions, support long-term free cash flow and dividend growth. The current dividend yield of 5.1% is below its historical average and near the lowest levels since ~2018. With a PEGY ratio of 2.7x, valuation is elevated when adjusted for growth, limiting upside potential despite solid fundamentals. ENB Stock: Data Center Demand Remains High Readers following my writings on Enbridge Inc. ( ENB ) know that I have been bullish on the stock for the past year or so. As an example, my