Given these and other investments, Enbridge forecasts that it can grow its distributable cash flow per share by about 5 to 7 per cent annually after 2020 and raise its dividend by a similar amount. Analysts see that as realistic and are generally bullish on the shares. Of the 25 analysts who follow the stock, there are 14 buy recommendations, 10 holds and one sell, according to Refinitiv. The average one-year price target is $57.59. The stock closed Friday at $50.
. While I have no plans to sell it, I don’t intend to add to my position, either. I see more growth ahead for pure-play renewable power producers, which is why in my own portfolio I have more exposure to green energy stocks – such as Brookfield Renewable Partners LP (
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: