5 Best Pipeline and MLP Stocks To Buy

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In this article, we discuss the 5 best pipeline and MLP stocks to buy. If you want to read our detailed analysis of the industry, go directly to read the 11 Best Pipeline and MLP Stocks To Buy

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

Number of Hedge Fund Holders: 28 

Enterprise Products Partners L.P. (NYSE:EPD) is an American midstream natural gas and crude oil pipeline company, which also operates as an MLP. The company maintained its distribution efficiently during the pandemic, compared with its peers.

Recently, BofA reinstated its coverage on Enterprise Products Partners L.P. (NYSE:EPD) with a ‘Buy’ rating and a $32 price target.

Of the 873 hedge funds tracked by Insider Monkey, 28 hedge funds have positions in Enterprise Products Partners L.P. (NYSE:EPD)in Q2 2021, up from 26 in the previous quarter. The total value of these stakes is $246 million. 

ClearBridge Investments mentioned Enterprise Products Partners L.P. (NYSE:EPD) in its first-quarter 2021 investor letter. Here is what the firm has to say: 

“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.”

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