5 Best Value Dividend Stocks to Buy Now

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1. Enbridge Inc. (NYSE: ENB)

Number of Hedge Fund Holders: 19
Dividend Yield: 6.82%

Enbridge Inc. (NYSE: ENB) is an energy company that operates through its Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services segments. It ranks 1st on our list of the best value dividend stocks to buy now.

BMO Capital just this August raised the price target on shares of Enbridge Inc. (NYSE: ENB) to $43.15, alongside reiterating an Outperform rating on the stock.

In the second quarter of 2021, Enbridge Inc. (NYSE: ENB) had an EPS of $0.54, beating estimates by $0.08. The company’s revenue was $8.77 billion, up 47.12% year over year and beating estimates by $1.61 billion. Enbridge Inc. (NYSE: ENB) has gained 11.03% in the past 6 months and 21.49% year to date.

By the end of the second quarter of 2021, 19 hedge funds out of the 873 tracked by Insider Monkey held stakes in Enbridge Inc. (NYSE: ENB) worth roughly $166 million. This is compared to 22 hedge funds in the previous quarter with a total stake value of approximately $144 million.

ClearBridge Investments, an investment management firm, mentioned Enbridge Inc. (NYSE: ENB) in its first-quarter 2021 investor letter. Here’s what they said:

“Enbridge owns and operates one of the largest oil and gas pipeline networks in North America. The company also owns regulated gas distribution utilities in Ontario, Canada. The first quarter saw the market giving the energy sector credit for its leverage to the eventual economic recovery as COVID-19 vaccines get rolled out through 2021.”

See also 15 Fastest-Growing Fintech Companies and Bill Gates’ Most Recent Investments.

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