9. Black Stone Minerals, L.P. (NYSE:BSM)
Number of Hedge Fund Holders: 6
Black Stone Minerals, L.P. (NYSE:BSM) is included in our list of the 20 largest MLPs.
On March 5, 2026, Piper Sandler raised its price target on Black Stone Minerals, L.P. (NYSE:BSM) from $13 to $14 while maintaining a Neutral rating on the company’s stock. The firm noted that the conflict with Iran has heavily impacted the rotation trade, effectively raising the risk for about 20% of the global oil, product, and gas supply. Although the fourth-quarter results and the 2026 outlooks are affected by the war in the Middle East, the firm anticipates stability from American operators, with minimal changes.
Separately, in its Q4 2025 earnings call on February 24, 2026, Black Stone Minerals, L.P. (NYSE:BSM) highlighted securing development agreements with Revenant and Caturus Energy, placing 500,000 acres under drilling commitments. It also noted strategic investments in large-scale seismic surveys and expansion into Western Haynesville with the aim of capitalizing on the growth in Gulf Coast gas demand. Additionally, the management will increase the 2026 administrative expenses to support and manage this operational ramp.
Founded in 1876, Black Stone Minerals, L.P. (NYSE:BSM) is one of the largest oil and gas mineral and royalty owners in the U.S. The company is based in Texas and manages over 20 million mineral acres across 41 states.
8. Brookfield Infrastructure Partners L.P. (NYSE:BIP)
Number of Hedge Fund Holders: 7
Brookfield Infrastructure Partners L.P. (NYSE:BIP) is included in our list of the 20 largest MLPs.
On March 23, 2026, Morgan Stanley upgraded Brookfield Infrastructure Partners L.P. (NYSE:BIP) from Equal Weight to Overweight. The firm’s analyst, Robert Kad, maintained a price target of $45. According to the analyst’s research note, the company’s shares have not incorporated its upward growth momentum. Robert Kad further cited the partners’ accelerating growth as a premier data center developer for the upgrade, while projecting a 28% total return on its units over the next year.
In another event, RBC Capital reiterated a Buy rating on Brookfield Infrastructure Partners L.P. (NYSE:BIP) in a report released on April 1, 2026. The firm’s analyst Maurice Choy maintained a price target of $41 on the company’s stock. Meanwhile, as of April 10, 2026, 85% of the 13 analysts following Brookfield Infrastructure Partners L.P. (NYSE:BIP) have also maintained a Buy rating on the stock, according to CNN. In a period of 1 year, the analysts anticipate an average upside of 17.27% on the stock.
Founded in 2008, Brookfield Infrastructure Partners L.P. (NYSE:BIP) is one of the world’s largest owners and operators of critical global infrastructure. Headquartered in Canada, the company manages a diversified portfolio of long-life assets across the utilities, transport, midstream, and data sectors.
