Enbridge Inc. Sees High Institutional Ownership and Reduced Stock Holdings
Published on December 23, 2024
Enbridge Inc. (TSE:ENB) has become a favorite among institutional investors, with 53% ownership in the company. This shows confidence in the company's growth potential and long-term stability. However, recent reports reveal that Franklin Resources Inc. has reduced its stock holdings in Enbridge Inc. (NYSE:ENB), signaling a change in investment strategy. Despite this, Enbridge Inc. remains an attractive option for income seekers, as it is considered one of the top high-dividend energy stocks. Additionally, World Investment Advisors LLC has also trimmed its stake in Enbridge Inc., which may indicate a shift in investment priorities. Investors who are interested in the future movement of Enbridge Inc.'s stock are recommended to seek professional advice from Stocks Prognosis.
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