Enbridge Inc., the pipeline operator hunting for European renewable energy investments, is bulking up its offshore wind assets by acquiring stakes from DONG Energy A/S in three farms located off France's coast for $282 million (US$218 million).
Enbridge Inc. announced better-than-expected results for the fourth quarter, but analysts fretted over project deferrals, after the company said two of its pipeline projects faced rising costs and delays of at least two years.
Enbridge Inc. (TSX:ENB)(NYSE:ENB) has fallen more than 30% from its 52-week high. At about $43, it yields 5%. The price pullback is giving investors an opportunity to grab some shares at the highest yield Enbridge has experienced since 2001.
Let's say an investor bought $5,000 worth of Enbridge Inc. (TSX:ENB)(NYSE:ENB) shares 20 years ago. This investor did nothing except hold the shares and reinvest the dividends over the next two decades.