5 Best Pipeline and MLP Stocks To Buy

2. Kinder Morgan, Inc. (NYSE:KMI)

Number of Hedge Fund Holders: 42

Kinder Morgan, Inc. (NYSE:KMI) is a prominent energy infrastructure company in North America, renowned for its expertise in owning and operating oil and gas pipelines, along with terminals. The company holds ownership interests in or manages an extensive network, encompassing approximately 83,000 miles of pipelines and 143 terminals.

In a strategic move on November 6, Kinder Morgan, Inc. (NYSE:KMI) finalized an agreement to acquire NextEra Energy Partners LP’s South Texas natural gas pipeline assets for $1.815 billion in cash. The STX Midstream pipeline system connects the Eagle Ford Basin to markets in both Mexico and the U.S. Gulf Coast. The assets involved in this acquisition include a 90% ownership stake in the NET Mexico pipeline and a 50% interest in Dos Caminos LLC. Notably, this marks the sixth acquisition by Kinder Morgan, Inc. (NYSE:KMI) in the past three years.

As of the end of the September quarter of 2023, 42 hedge funds, as tracked by Insider Monkey, reported having stakes in Kinder Morgan Inc. (NYSE:KMI), reflecting an increase from 36 in the previous quarter. The combined value of these stakes approaches $769.6 million.