ENB vs NEE vs TRGP Stock Comparison

Enbridge, Nextera Energy and Targa Resources Prices as of Oct 28, 2026 Peers: Industry group
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ENB Enbridge Inc
$48.55 +3.4% 1M +3.1% 1Y
Market cap
$107.84B
P/E
26.2x
Revenue (TTM)
$60.45B
Div. yield
0.06%
Oil and Gas Pipelines Energy
2 wins
NEE Nextera Energy Inc
$81.06 +7.4% 1M -3.0% 1Y
Market cap
$171.59B
P/E
14.7x
Revenue (TTM)
$28.83B
Div. yield
–
Regulated Electric Utilities Utilities
5 wins
TRGP Targa Resources Corp.
$306.11 +10.3% 1M +100.7% 1Y
Market cap
$66.74B
P/E
29.4x
Revenue (TTM)
$16.74B
Div. yield
–
Oil and Gas Pipelines Energy
4 wins

Head to Head

11 decided of 12

Nextera Energy leads on 5 of the 12 questions below (Nextera Energy 5, Targa Resources 4, Enbridge 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionENBNEETRGPLeader
Larger companyMarket capitalisation $107.84B $171.59B $66.74B NEE
Cheaper on earningsLower P/E, profitable companies only 26.2x 14.7x 29.4x NEE
Cheaper on forward earningsLower price / next fiscal year consensus EPS 24.2x 20.8x 28.8x NEE
Faster revenue growthRevenue growth, trailing twelve months +31.0% +9.6% -2.0% ENB
More profitableNet margin, trailing twelve months 6.8% 40.4% 13.5% NEE
Better return on capitalReturn on invested capital 5.0% 4.7% 13.2% TRGP
Less leveragedLower net debt / EBITDA 6.4x 7.0x 3.5x TRGP
Higher dividend yieldTrailing dividend yield 0.06% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +3.1% -3.0% +100.7% TRGP
Better 5-year returnAnnualised price return, 5 years +3.0%/yr -1.0%/yr +41.2%/yr TRGP
Less volatileAnnualised volatility, 1 year 18.5% 21.0% 28.5% ENB
Higher overall scoreMean of the five percentile scores vs peers 30/100 60/100 42/100 NEE

Percentile Scorecard

ENBNEETRGP

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisENBNEETRGP
Valuation 21 #28 of 35 26 #50 of 67 18 #29 of 35
Growth 36 #22 of 34 92 #6 of 65 82 #7 of 34
Profitability 24 #26 of 34 90 #7 of 62 67 #12 of 34
Financial Health 24 #27 of 35 49 #32 of 62 27 #26 of 35
Shareholder Returns 43 #18 of 31 44 #38 of 67 17 #26 of 31
Overall 30 60 42
  • ENB ranked among 35 companies in Oil and Gas Midstream
  • NEE ranked among 67 companies in Regulated Utilities
  • TRGP ranked among 35 companies in Oil and Gas Midstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodENBNEETRGPSPY
1 month +3.4%+7.4%+10.3% +0.9%
3 months -12.0%-8.4%+15.6% +5.9%
6 months -9.1%-13.9%+22.4% +8.5%
Year to date +1.5%+1.0%+65.9% +13.3%
1 year +3.1%-3.0%+100.7% +12.4%
3 years +54.7%+44.1%+262.7% +88.1%
3 years, per year +15.7%+13.0%+53.7% +23.5%
5 years +16.0%-5.0%+459.9% +68.2%
5 years, per year +3.0%-1.0%+41.2% +11.0%
10 years +11.4%+157.9%+569.8% +263.4%
10 years, per year +1.1%+9.9%+21.0% +13.8%

Risk

MeasureENBNEETRGPSPY
Volatility, 1Y 18.5%21.0%28.5% 12.7%
Downside volatility, 1Y 19.6%21.9%26.3% 12.7%
Beta vs S&P 500, 1Y -0.160.10-0.33 1.00
Return / volatility, 1Y 0.17-0.143.54 0.98
Max drawdown, 5Y -34.0%-47.2%-32.6% -25.4%
From 52-week high -16.4%-17.2%0.0% -0.9%
52-week high $58.04$97.88$306.11 $779.14
52-week low $45.23$75.50$151.38 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleENBNEETRGP
P/E now vs peer median 25.7xmedian 19.6x 14.6xmedian 20.8x 29.0xmedian 19.6x
P/S now vs peer median 1.8xmedian 2.7x 5.9xmedian 2.9x 3.9xmedian 2.7x
EV/EBITDA now vs peer median 15.0xmedian 10.9x 18.2xmedian 13.1x 15.4xmedian 10.9x
P/FCF now vs peer median 87.9xmedian 16.6x 36.4xmedian 35.3x 88.6xmedian 16.6x
P/B now vs peer median 2.2xmedian 2.5x 2.3xmedian 1.7x 17.3xmedian 2.5x
PEG now vs peer median 2.52median 1.72 1.04median 2.18 0.70median 1.72

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsENBNEETRGP
Revenue $60.45B $28.83B $16.74B
Gross profit $22.34B – $7.23B
Operating income $8.06B $8.66B $3.84B
Net income $4.58B $11.64B $2.30B
Free cash flow $1.21B $4.67B $740.90M
EPS (diluted) $1.88 $5.55 $10.54
Cash & equivalents $1.42B $5.58B $132.30M
Total debt $78.92B $413.84B $19.58B
Shares (diluted) 2.19B 2.10B 215.20M
Enterprise value $103.43B $158.33B $66.21B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricENBNEETRGP
P/E 25.7x 14.6x 29.0x
P/FCF 87.9x 36.4x 88.6x
P/Operating cash flow 11.8x 11.5x 15.3x
P/S 1.8x 5.9x 3.9x
P/B 2.2x 2.3x 17.3x
P/Tangible book 2.3x 2.3x 38.8x
EV/EBITDA 15.0x 18.2x 15.4x
EV/EBIT 22.8x 31.7x 22.2x
EV/Revenue 3.0x 9.5x 5.1x
EV/FCF 152.1x 58.8x 114.8x
EV/Operating cash flow 20.4x 18.5x 19.9x
PEG (3Y EPS CAGR) 2.52 1.04 0.70

Growth

14 metrics
MetricENBNEETRGP
Revenue growth (1Y) 31.0% 9.6% -2.0%
Revenue CAGR (3Y) 19.5% 1.7% -2.1%
Gross profit growth (1Y) 8.0% – 18.6%
Gross profit CAGR (3Y) 5.1% – 12.2%
Operating income growth (1Y) 6.2% 13.4% 27.6%
Operating income CAGR (3Y) 19.8% -3.5% 15.8%
Net income growth (1Y) -6.9% 79.0% 29.5%
Net income CAGR (3Y) 13.7% 15.1% 12.5%
EPS growth (1Y) -7.5% 76.7% 49.2%
EPS CAGR (3Y) 10.2% 14.0% 41.3%
Operating cash flow growth (1Y) -2.9% 23.8% 16.4%
Operating cash flow CAGR (3Y) -2.6% 16.3% 14.6%
Free cash flow growth (1Y) -67.2% 30.9% 73.3%
Free cash flow CAGR (3Y) -42.0% 124.1% -4.7%

Profitability

14 metrics
MetricENBNEETRGP
Gross margin 36.9% – 43.2%
EBITDA margin 20.2% 52.2% 32.9%
Operating margin 13.3% 30.0% 22.9%
Pretax margin 9.6% 35.0% 17.5%
Net margin 6.8% 40.4% 13.5%
FCF margin 2.0% 16.2% 4.4%
Operating cash flow margin 14.9% 51.4% 25.6%
Return on equity 9.5% 13.9% 65.2%
Return on assets 2.8% 4.1% 8.3%
Return on invested capital 5.0% 4.7% 13.2%
Return on capital employed 5.5% 4.2% 15.7%
Asset turnover 0.4x 0.1x 0.6x
Cash conversion (OCF / net income) 2.0x 1.3x 1.9x
Stock comp / revenue – – 0.5%

Financial Health

11 metrics
MetricENBNEETRGP
Debt / assets 48.4% 45.0% 68.7%
Debt / equity 1.6x 1.5x 5.2x
Net debt / EBITDA 6.4x 7.0x 3.5x
Debt / FCF 65.4x 23.6x 26.4x
Liabilities / assets 70.6% 70.3% 86.7%
Equity / assets 29.4% 29.7% 13.3%
Interest coverage 2.2x 2,164x –
Current ratio 0.7x 0.5x 0.8x
Quick ratio 0.5x 0.3x 0.6x
Cash ratio 0.1x 0.2x 0.0x
Altman Z-score 0.93 0.98 2.74

Shareholder Returns

7 metrics
MetricENBNEETRGP
Dividend yield 7.9% 3.0% 1.5%
Net buyback yield 0.0% -0.6% 0.5%
Shareholder yield 7.9% 2.4% 2.0%
Payout ratio (earnings) 132.1% – –
Payout ratio (FCF) 500.8% – –
Dividend growth (1Y) 4.2% – –
Dividend CAGR (3Y) 4.6% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusENBNEETRGP
Forward P/E 24.2xFY2026 20.8xFY2026 28.8xFY2026
EPS, next fiscal year $2.01FY2026 $3.89FY2026 $10.62FY2026
EPS growth, next FY -8.6%FY2026 +4.9%FY2026 +24.4%FY2026
EPS growth, the year after +13.9% +18.5% +24.8%
Revenue, next fiscal year $61.75BFY2026 $32.08BFY2026 $19.51BFY2026
Revenue growth, next FY +30.1%FY2026 +17.0%FY2026 +14.6%FY2026
Revenue growth, the year after -14.7% +9.6% +14.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersENBNEETRGP
Held by institutions 48.7% 84.3% 93.5%
Institutions holding 1,502 3,021 1,085
Change in shares held, QoQ +2.0% +2.3% +2.9%
Institutions buying 661 1,590 558
Institutions selling 503 1,054 353
Buyers to sellers 1.31 1.51 1.58

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ENBNEETRGP
ENB 1.00 0.41 0.51
NEE 0.41 1.00 0.16
TRGP 0.51 0.16 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, ENB, NEE and TRGP?

Nextera Energy (NEE) is the largest by market capitalisation: Enbridge (ENB) $107.84B, Nextera Energy (NEE) $171.59B, Targa Resources (TRGP) $66.74B.

Which stock is cheaper, ENB, NEE and TRGP?

Nextera Energy (NEE) trades on the lowest price-to-earnings ratio (Enbridge (ENB) 26.2x, Nextera Energy (NEE) 14.7x, Targa Resources (TRGP) 29.4x). On next year's consensus earnings, Nextera Energy (NEE) is cheapest (Enbridge (ENB) 24.2x, Nextera Energy (NEE) 20.8x, Targa Resources (TRGP) 28.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Enbridge (ENB) grew revenue fastest over the trailing twelve months: Enbridge (ENB) +31.0%, Nextera Energy (NEE) +9.6%, Targa Resources (TRGP) -2.0%.

Which company is more profitable?

Nextera Energy (NEE) has the highest net margin (Enbridge (ENB) 6.8%, Nextera Energy (NEE) 40.4%, Targa Resources (TRGP) 13.5%). On return on invested capital, Targa Resources (TRGP) leads (Enbridge (ENB) 5.0%, Nextera Energy (NEE) 4.7%, Targa Resources (TRGP) 13.2%).

Which stock has performed better?

Over the past year Targa Resources (TRGP) returned the most: Enbridge (ENB) +3.1%, Nextera Energy (NEE) -3.0%, Targa Resources (TRGP) +100.7%. Over five years, Targa Resources (TRGP) compounded fastest (Enbridge (ENB) +3.0%/yr, Nextera Energy (NEE) -1.0%/yr, Targa Resources (TRGP) +41.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Enbridge (ENB) 0.06%, Nextera Energy (NEE) 0.00%, Targa Resources (TRGP) 0.00%. Nextera Energy (NEE) and Targa Resources (TRGP) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Enbridge (ENB) has been the steadiest (Enbridge (ENB) 18.5%, Nextera Energy (NEE) 21.0%, Targa Resources (TRGP) 28.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ENB, NEE and TRGP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Nextera Energy (NEE) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.