The Manufacturers Life Insurance Company bought a new position in shares of Kinder Morgan Canada Limited (OTCMKTS:KMLGF – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,021,973 shares of the company’s stock, valued at approximately $96,612,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Capital Management LLC acquired a new position in Kinder Morgan Canada during the second quarter worth $97,668,000. Aurora Investment Counsel acquired a new position in shares of Kinder Morgan Canada during the 2nd quarter worth approximately $1,534,000. Bruni J V & Co. Co. acquired a new stake in Kinder Morgan Canada during the second quarter worth approximately $45,364,663,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Kinder Morgan Canada during the 2nd quarter worth $12,279,000. Finally, Compass Wealth Management LLC acquired a new stake in Kinder Morgan Canada during the second quarter worth about $3,847,000.
Kinder Morgan Canada Price Performance
Shares of OTCMKTS:KMLGF opened at $10.88 on Wednesday. The company’s 50 day simple moving average is $10.88 and its 200 day simple moving average is $10.88. Kinder Morgan Canada Limited has a 1 year low of $8.05 and a 1 year high of $35.53.
Kinder Morgan Canada Profile
Kinder Morgan Canada (OTCMKTS: KMLGF) is a leading energy infrastructure company in Canada, specializing in the transportation and storage of crude oil, refined petroleum products and natural gas liquids. As a subsidiary of Kinder Morgan, Inc, the company operates an extensive network of pipelines and terminals that serve oil producers, refiners and exporters across Western Canada and the Pacific Northwest. Its core business centers on safe, reliable and cost-effective movement of hydrocarbons from production areas in Alberta to domestic markets and coastal export terminals.
The company’s pipeline portfolio includes the Trans Mountain system, which runs from Alberta’s oil sands region to the British Columbia coast, the Cochin pipeline linking Canadian supply hubs with U.S.
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