Enbridge remains a strong long-term income stock despite recent price gains and modest growth.

Enbridge Inc. continues to be an attractive long-term income investment, even though recent share price increases have limited near-term upside. The company reported modest growth in Q4 and full-year results, with distributable cash flow per share rising 4.3% in Q4 and 2.7% for the year. Enbridge projects 1%-4% EBITDA growth and flat to 6.8% growth in distributable cash flow per share through 2026, supported by a strong project pipeline. While the stock's fair value appears largely reached, it offers stable cash flows, a 5.5% yield by 2028, and predictable capital spending, making it a reliable income play for investors.