Top 5 Stock Picks of NewGen Asset Management

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

NewGen Asset Management’s Stake Value: $8.618 million

Percentage of NewGen Asset Management’s 13F Portfolio: 4.83%

Number of Hedge Fund Holders: 15

Brookfield Infrastructure Partners L.P. (NYSE:BIP) is a Canada-based company that acquires, owns, develops, and operates infrastructure networks across the globe. The company’s core business revolves around transportation and storage of energy, water, freight, and passengers.

For the last 12 months, Brookfield Infrastructure Partners L.P. (NYSE:BIP) has been beating the EPS and revenue estimates by a considerable margin. In the third quarter of 2021, the company’s EPS was $0.72 against the $0.03 estimate. Similarly, Brookfield Infrastructure Partners L.P. (NYSE:BIP) also beat the revenue estimates by 151.98% after generating $2.94 billion compared to $1.17 billion analyst estimates.

On September 9, Brookfield Infrastructure Partners L.P.’s (NYSE:BIP) coverage was resumed with an Outperform rating by BMO Capital analyst Devin Dodge. Dodge raised the company’s price target from $61 to $63 and noted that the liquidity for the company was at record levels.