Top 5 Stock Picks of Henry Breck’s Heronetta Management

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

Heronetta Management’s Stake Value: $16.846 million

Percentage of Heronetta Management’s 13F Portfolio: 12.98%

Number of Hedge Fund Holders: 28

Enterprise Products Partners L.P. (NYSE:EPD) is a Texas crude oil and natural gas pipeline company that ranks at no. 105 in the list of Fortune 500 companies in 2021. The company owns about 51,000 miles of pipelines and 26 natural gas processing plants.

On 19th October, Wolfe Research analyst Keith Stanley downgraded Enterprise Products Partners L.P. (NYSE:EPD) stock from Outperform to Peer Perform while mentioning that the upcoming midstream earnings season does look good but not great.

First Eagle Investment Management currently owns the largest stake in Enterprise Products Partners L.P. (NYSE:EPD), with 2.8 million shares worth $61.12 million. Meanwhile, Heronetta Management owns 778,480 shares worth $16.846 million, representing the most significant percentage in the fund’s portfolio at 12.98%.

Enterprise Products Partners L.P. (NYSE:EPD) was mentioned by ClearBridge Investments in its first quarter 2021 investor letter. Here is what the firm said:

“While reducing in health care and consumer staples, we increased our exposure to high-quality names in economically sensitive areas of the market. We added to low-cost, high-quality energy names (including) Enterprise Products Partners LP. We are positive on this company’s strong balance sheets, competitive positions, and exposure to an economic recovery.”

You can also take a peek at Top 10 Stock Picks of Brandon Osten’s Venator Capital Management and 10 Best Roth IRA Stocks To Buy According To Hedge Funds.

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