Enbridge stock price at CAD 46

At CAD 46.15, Enbridge stock price sits near its 50-day moving average. Technical analysts see a breakout above CAD 47.00 as potential momentum ignition, possibly targeting CAD 49 in the coming quarter should energy demand forecasts remain strong. The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Chevron wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. "In Gas Distribution, we reached a settlement on rebasing Phase II in Ontario and the Public Utilities Commission of Ohio issued its decision on Enbridge Gas Ohio's rate case. Both outcomes are in line with our guidance. We have two more rate cases underway in Utah and North Carolina and expect that we'll reach fair settlements in those jurisdictions with new rates effective for 2026. The Enbridge stock price climbed roughly 0.8% last Friday, following crude oil’s minor recovery. Institutional flow data shows renewed interest from pension funds, reflecting confidence in the company’s midstream energy strategy. Watch for upcoming quarterly earnings as catalysts for price movements in the near term.