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Funds Increase Enbridge Holdings as Analysts Set Buy Ratings

Enbridge logoEnbridge
Sig1.02Sen+1.45Env0.00Soc0.00Gov0.00

Energy stocks rose as multiple funds increased stakes in Enbridge, including Thornburg Investment Management adding shares and owning a minority position worth about $199M. Other managers also boosted holdings. Analysts largely rated the stock “Buy” or “Hold,” and Enbridge announced the timing for a $0.97 dividend to investors of record in mid-August.

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