5 Best Pipeline and MLP Stocks to Buy

2. Enterprise Products Partners L.P. (NYSE:EPD)

Number of Hedge Fund Holders: 23

Enterprise Products Partners L.P. (NYSE:EPD) is an American company that engages in the processing and transportation of natural gas and crude oil. The firm owns natural gas processing facilities and trailer trucks to transport oil products. It is headquartered in Houston, Texas.

The second quarter of 2022 was an all round hit for Enterprise Products Partners L.P. (NYSE:EPD), as the firm saw both its natural gas pipeline volumes and marine terminal volumes grow. At the same time, its volumes for natural gas liquid fractionation also went up.

All these were evident in Enterprise Products Partners L.P. (NYSE:EPD)’s financial results, which saw its operating income, adjusted cash flow from operations, and free cash flows grow by 20%, 58%, and 26% annually, respectively. The company also pays a 47 cent dividend for a 7.6% yield. 23 out of the 895 hedge funds part of Insider Monkey’s Q2 2022 survey had held a stake in the company.

Enterprise Products Partners L.P. (NYSE:EPD)’s largest investor is Bruce Berkowitz’s Fairholme (FAIRX) which owns 3.5 million shares that are worth $87 million.