Winners keep winning. It is not because a company has been on solid momentum that investors should sell or trim, what matters is the long-term fundamentals of the company, and we think ENB is a high-quality dividend growth name due to the quality of the infrastructure assets the company owns. We feel investors could see a potential total return in the range of 9%-11% (dividend included) over the long term.
Tariffs could be noise here and there, but we think ENB’s assets will continue to be highly important in the North American market, and as long as investors are holding it for the long term, we don’t think any analysts’ downgrade/upgrade should matter that much.