What are the best infrastructure stocks to buy now?

Along with Apple Inc. (NASDAQ:AAPL), Tesla, Inc. (NASDAQ:TSLA), and NVIDIA Corporation (NASDAQ:NVDA), Enbridge Inc. (NYSE:ENB) is one of the best infrastructure stocks to buy now. In its Q3 2023 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Enbridge Inc. (NYSE:ENB) was one of them.

Should you invest in infrastructure stocks?

Increasing dividends: Infrastructure stocks are often from older, established companies that don’t spend money on research and development. Dividend payments can be an attractive feature, and the cream of the crop has a history of increasing them frequently. Look for companies that have been increasing dividends for a number of years.

Are infrastructure stocks undervalued?

To be fair, there are many infrastructure stocks that are far from undervalued. Many are doing quite well. However, the sector is going through a bit of a downturn. For example, the Global X U.S. Infrastructure Development ETF (NYSEARCA: PAVE) is up 6.49% for the year, but is down 6.94% in the last three months.