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Enbridge Inc. - A Favorite Amongst Institutional Investors

December 19, 2024
Enbridge Inc. (TSE:ENB) has gained significant attention from institutional investors, with 53% ownership in the company. This high level of institutional ownership indicates the confidence and trust that big players in the market have in Enbridge. Recently, Geode Capital Management LLC purchased a whopping 985,546 shares of Enbridge Inc. on the NYSE. This move further strengthens Enbridge's position as a top choice for investors. With its stable dividends and strong market presence, Enbridge continues to attract income seekers looking for reliable and high-yielding energy stocks. However, with potential challenges ahead, such as possible Trump tariffs in 2025, it is recommended to seek the advice of professionals from Stocks Prognosis before making any investment decisions.
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