Billionaire George Soros’ Long-Term Stock Picks

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

Number of Hedge Fund Holders: 25 

Soros Fund Management’s Stake: $5.5 million

Enterprise Products Partners L.P. (NYSE:EPD) is a midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. The following key aspects make this company a standout investment. Firstly, as per the report of the fourth quarter of 2024, the reported net income attributable to common unitholders was $1.4 billion, or $0.65 per unit on a fully diluted basis. This portrays that the company is effectively improving its earnings per unit, reflecting operational efficiency and potentially leading to increased returns for shareholders. Also, an 8% increase was observed compared to $1.3 billion, or $0.60 per unit on a fully diluted basis, for the third quarter of 2023, demonstrating positive financial health and the company’s ability to attract more capital. Secondly, the company declared a quarterly distribution of $0.54 per common unit, maintaining its commitment to returning value to unitholders. This unit repurchase program shows the company’s approach to capital management, which would further enhance unitholder value through these buybacks.

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