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CALGARY - Enbridge Inc. (TSX:ENB) (NYSE:ENB), a $92.5 billion market cap energy infrastructure giant currently trading near its 52-week high, announced today that Steven W. Williams will assume the role of Chair of the Board effective May 7, 2025, following the company’s Annual Meeting of Shareholders. Williams will succeed Pamela L. Carter, who is retiring from the position.
Williams has been a member of Enbridge’s Board since 2022 and has recently served as Chair of the Human Resources & Compensation Committee and was a member of the Safety & Reliability Committee. His appointment is part of a planned leadership transition coinciding with Carter’s retirement. Carter has been a member of the Enbridge Board since 2017 and has been commended for her guidance over the past eight years.
Greg Ebel, President & CEO of Enbridge, expressed gratitude for Carter’s contributions and welcomed Williams, highlighting his extensive experience in the energy industry and commitment to good governance. Williams brings over four decades of experience, including his tenure as President & CEO of Suncor Energy Inc. from 2012 to 2019 and various roles over 18 years at Esso/Exxon.
Enbridge is a major North American energy infrastructure company, connecting millions of people to the energy they use daily through its networks of natural gas, oil, and renewable power, including an expanding European offshore wind portfolio. According to InvestingPro data, the company has maintained dividend payments for 53 consecutive years and currently offers a 6.2% dividend yield. The company is also investing in new technologies such as hydrogen, renewable natural gas, and carbon capture and storage.
Headquartered in Calgary, Alberta, Enbridge is committed to modernizing energy delivery infrastructure and sustaining access to secure and affordable energy. The company’s common shares are traded under the symbol ENB on both the Toronto and New York stock exchanges. InvestingPro analysis reveals the company maintains a Fair financial health score, with 10+ additional exclusive insights available to subscribers, including detailed valuation metrics and growth forecasts.
This leadership change announcement is based on a press release statement from Enbridge Inc.
In other recent news, Enbridge Inc. reported record financial performance for the fourth quarter and full-year 2024, with an adjusted earnings per share (EPS) of $0.75, surpassing the forecast of $0.74. The company also achieved a significant increase in EBITDA, reaching over $5.1 billion, marking a $1 billion year-over-year growth. Enbridge added $8 billion in organic projects, including solar and offshore wind developments, and expanded its natural gas distribution with strategic acquisitions in the U.S. RBC Capital Markets and Raymond James both raised their price targets for Enbridge to C$67.00, maintaining their Outperform ratings, reflecting confidence in the company’s growth trajectory. Analysts highlighted Enbridge’s disciplined capital management and diverse asset base as key factors in its financial stability and growth potential. BMO Capital Markets maintained its Market Perform rating on Enbridge, noting the company’s visible growth trajectory with secured and potential projects worth billions. Enbridge CEO Greg Ebel stated that tariffs on Canadian oil imports into the U.S. would not have an immediate impact, emphasizing the integration of the two countries’ energy systems. These developments underscore Enbridge’s strategic positioning and resilience in the North American energy market.
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