5 Best Pipeline and MLP Stocks To Buy

In this article, we present to you the 5 Best MLP and Pipeline Stocks To Buy. If you wish to go through our analysis of MLPs, you can jump to the 12 Best MLP and Pipeline Stocks To Buy.

5. Enbridge Inc. (NYSE:ENB)

Number of Hedge Fund Holders: 35

Enbridge Inc. (NYSE:ENB) is a multinational energy and pipeline corporation headquartered in Calgary, Alberta, Canada. The company manages an extensive network of pipelines spanning Canada and the United States, facilitating the transportation of various energy resources, including crude oil, natural gas, and LNG.

On November 3, 2023, Enbridge Inc. (NYSE:ENB) expressed interest in smaller acquisitions and announced significant agreements, including the finalization of a $14 billion deal to acquire three U.S. gas utilities from Dominion Energy, expected to conclude in 2024, along with agreements to increase its ownership in German offshore wind projects and acquire seven U.S. renewable natural gas facilities.

As of the third quarter, our hedge fund data indicates that 35 hedge funds maintained stakes in Enbridge Inc. (NYSE:ENB), with a combined stake value of $401.46 million. Zimmer Partners emerged as the leading shareholder in Enbridge Inc. (NYSE:ENB) at the end of the third quarter, holding 4.1 million shares in the company.