Kayne Anderson Capital Advisors LP purchased a new stake in shares of Kinder Morgan Canada Limited (OTCMKTS:KMLGF – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,310,932 shares of the company’s stock, valued at approximately $297,670,000. Kinder Morgan Canada comprises about 5.8% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 7th largest position.
Other large investors have also recently added to or reduced their stakes in the company. Gables Capital Management Inc. bought a new stake in Kinder Morgan Canada during the second quarter worth about $1,444,000. Diversify Advisory Services LLC acquired a new stake in shares of Kinder Morgan Canada in the second quarter valued at $1,460,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Kinder Morgan Canada in the second quarter valued at $49,000. Compass Wealth Management LLC bought a new position in shares of Kinder Morgan Canada in the second quarter valued at about $3,847,000. Finally, Amplify Investments LLC bought a new position in shares of Kinder Morgan Canada in the second quarter valued at about $512,000.
Kinder Morgan Canada Stock Performance
Shares of OTCMKTS KMLGF opened at $10.88 on Friday. The firm’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 12-month low of $8.05 and a 12-month high of $35.53.
Kinder Morgan Canada Company 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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