11 High Growth Utility Stocks To Invest In Now

9. Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Number of Hedge Fund Holders: 4

Average 5-Year Revenue Growth: 27.38%

Brookfield Infrastructure Partners L.P. (NYSE:BIP) is a subsidiary of Brookfield Corporation, and it operates a global business across four business segments – utilities, transport, midstream, and data. In the utilities space, BIP manages power and gas networks, sub-metering services, and home energy solutions. It is one of the best high growth stocks to consider.

On March 25, RBC Capital Markets reaffirmed an Outperform rating on Brookfield Infrastructure Partners L.P. (NYSE:BIP) with a $40 price target. The company has been showing solid momentum with 17.3% revenue growth over the past year and 15 consecutive years of dividend increases. The company recently announced it is selling its remaining 25% stake in the Natural Gas Pipeline Company of America (NGPL) and rolling out a strategy to monetize its data center assets. RBC Capital’s Maurice Choy pointed out that despite a recent dip in the stock price, these moves reflect strong execution and smart capital management.

Brookfield Infrastructure Partners L.P. (NYSE:BIP) and its partners announced plans to acquire Colonial Enterprises, including the Colonial Pipeline, for $9 billion on April 3. Colonial operates the largest refined products pipeline in the US. BIP will invest $500 million, representing 15% of the total equity, funded through capital recycling. The deal is expected to close in the second half of 2025, pending regulatory approval.

According to Insider Monkey’s Q4 data, 4 hedge funds were bullish on Brookfield Infrastructure Partners L.P. (NYSE:BIP), with Select Equity Group holding the biggest stake at nearly $163 million.