5 Stocks Canadian Investors Love

4. Enbridge Inc. (NYSE:ENB)

Number of Hedge Fund Holders: 24 

Enbridge Inc. (NYSE:ENB) operates as an energy infrastructure firm. In early May, the firm announced that it would be building a carbon hydrogen and ammonia production facility in Texas with Humble Midstream. The facility would also be capable of exporting. As part of a push towards lowering carbon emissions, Enbridge hopes to sequester almost 95% of the carbon generated during the production process. The firm is already in discussions with offtake customers in this regard. 

On May 9, investment advisory RBC Capital kept an Outperform rating on Enbridge Inc. (NYSE:ENB) stock and raised the price target to C$65 from C$60. Analyst Robert Kwan issued the ratings update. 

Among the hedge funds being tracked by Insider Monkey, Florida-based firm GQG Partners is a leading shareholder in Enbridge Inc. (NYSE:ENB), with 47 million shares worth more than $2 billion.