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Top Institutional Investors Added to EPD Positions in 3Q17

Rekha Khandelwal, CFA - Author

Nov. 29 2017, Updated 2:46 p.m. ET

Top institutional investors

Tortoise Capital Advisors, Harvest Fund Advisors, and Alps Advisors are the top three institutional investors in Enterprise Products Partners (EPD). They hold 2%, 2%, and 1.8%, respectively, of EPD’s outstanding shares.

Notably, Randa Duncan Williams holds nearly 31.9% of EPD’s outstanding shares. The top ten investors collectively own nearly 45.1% of Enterprise Products’ outstanding shares, which is marginally higher than 45% held by the top ten investors at the end of 2Q17.

The table above shows the top ten institutional investors in Enterprise Products Partners and their recent position changes. The top ten investors collectively added 9.7 million net shares of EPD to their positions, which likely indicates their positive outlook for the stock.

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Position changes

Goldman Sachs & Company added 7.4 million net EPD shares, according to a filing dated September 30. J.P. Morgan Securities, on the other hand, sold 11 million EPD shares. These are the largest position changes apart from the position changes by the ten largest investors in EPD shown in the chart above.

Bank of America Merrill Lynch and ING Bank N.V. recently added nearly 3.4 million and 3.0 million EPD shares, respectively, to their positions.

On the other hand, Janus Henderson Investors and Morgan Stanley Investment Management recently sold 3.9 million and 3.4 million EPD shares, respectively.

Institutional ownership in EPD

Institutions hold nearly 71% of Enterprise Products’ outstanding shares. Enterprise Products has 2.1 billion outstanding shares, 67.8% of which are free-floating shares.

Of the ~71% EPD shares held by institutions and strategic entities, 68.8% are held in the US. Europe and the Asia-Pacific account for 1.3% and 0.7%, respectively, of this 71% share.

Let’s take a look at the analysts’ ratings for Enterprise Products Partners next.


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