5 Best Pipeline and MLP Stocks to Buy

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

Number of Hedge Fund Holders: 18

Brookfield Infrastructure Partners L.P. (NYSE:BIP) is a diversified energy company involved in natural gas and electricity transmission. The firm transmits and transports both of these through its power lines and pipelines, and it also provides electricity and gas connections.

A key strength of Brookfield Infrastructure Partners L.P. (NYSE:BIP) is the fact that it is hedged from the seasonal fluctuation of energy demand. Since the firm provides both natural gas and electricity, when the demand for one drops (for example gas demand in summer), the demand for the other goes up. The company also supplies natural gas to Europe through tankers, which provides it with a key advantage in the aftermath of the Russian invasion of Ukraine, which has seen the continent struggle to meet its natural gas needs.

Brookfield Infrastructure Partners L.P. (NYSE:BIP) is performing well financially, with its revenue and cash flow growing by 30% and 23% annually over the past decade. It also pays a 36 cent dividend for a 4.18% yield. As this year’s June quarter ended, 18 out of the 895 hedge funds polled by Insider Monkey had invested in Brookfield Infrastructure Partners L.P. (NYSE:BIP).

Out of these, Robert Joseph Caruso’s Select Equity Group is Brookfield Infrastructure Partners L.P. (NYSE:BIP)’s largest investor. It owns 418,087 shares that are worth $15 million.