Top 5 Stock Picks of Dan Kozlowski’s Plaisance Capital

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

Plaisance Capital’s Stake Value: $5,690,000 million

Percentage of Plaisance Capital’s 13F Portfolio: 2.83%

Number of Hedge Fund Investors: 28

Enterprise Products Partners L.P. (NYSE:EPD) is a Houston, Texas-based midstream oil and gas transportation company.

For the third quarter of 2021, Enterprise Products Partners L.P. (NYSE:EPD) was able to surpass the revenue estimates by a significant margin of $2.33 billion as the business started to return to pre-COVID levels. The company also reported an EPS of $0.54 for the third quarter, beating the analysts’ estimate by $0.03.

Out of the 873 elite funds being tracked by Insider Monkey, 28 hedge funds held a stake worth $246 million in Enterprise Products Partners L.P. (NYSE:EPD) at the end of Q2 2021, up from 26 positions in the preceding quarter.

ClearBridge Investments shared its stance on Enterprise Products Partners L.P. (NYSE:EPD) in its Q1 2021 investor letter:

“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.”