ENDP needs institutional investors to buy into the stock and the story for it to have legs. In July BlackRock’s Larry Fink made a colossal bet on ENDP. BlackRock is the world’s largest investment manager with over $6 trillion in assets under management. It is ENDP’s largest shareholder. Its ENDP stake may have encouraged others to step up. According to its September 2018 13F filing Vanguard recently upped its stake from 17 million to 23 million shares in ENDP – an increase of over 30%.
Given its small equity market capitalization (about $4 billion) ENDP is not widely-followed by the bulge bracket banks. However, it is shaping up to be one of the financial markets top-performers. The “smart money” is already onto ENDP. What happens when retail investors and the financial community become more aware of it?
