10 Best Performing Canadian Stocks in 2025

8. Enbridge Inc. (NYSE:ENB)

1-Year Returns: 25.13%

Number of Hedge Fund Holders: 26

Enbridge Inc. (NYSE:ENB) is a Canadian multinational pipeline and energy company that provides energy infrastructure across North America. The company transports and distributes oil and natural gas, develops renewable energy, and offers energy marketing solutions.

On February 14, Enbridge Inc. (NYSE:ENB) reported fourth-quarter earnings that exceeded analyst projections and maintained its financial prediction for 2025. The Canadian energy infrastructure company announced adjusted earnings per share of C$0.75, above the average estimate of C$0.74. In addition, Enbridge’s adjusted earnings for the full fiscal year 2024 were C$6.0 billion, or C$2.80 per share, up from C$5.7 billion in 2023.

Earlier in December, RBC Capital raised its price target for Enbridge Inc. (NYSE:ENB) to $63 from $59, while keeping an Outperform rating. RBC Capital’s adjustment is based on a bullish opinion of Enbridge’s 2025 forecast, with the firm observing that the consensus expectations were at the low end of Enbridge’s expected EBITDA range, which is now $10.8 billion. Furthermore, the adjustment was based on RBC Capital’s cautious expectations about Mainline volumes and the USD/CAD exchange rate.