5 Best Affordable Energy Stocks to Buy Now

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

Number of Hedge Fund Holders: 38   

Share Price as of December 1: $19.12 

Kinder Morgan, Inc. (NYSE:KMI) operates as an energy infrastructure company in North America. On September 27, Kinder Morgan noted that it sold a 25.5 % equity interest in Elba Liquefaction to an undisclosed financial buyer for $565 million. The value of the equity interest entails an enterprise value of $2.3 billion for Elba, or 13x estimated 2022 EBITDA.

On October 19, Barclays analyst Theresa Chen maintained an Equal Weight rating on Kinder Morgan, Inc. (NYSE:KMI) stock and lowered the price target to $20 from $21, noting that the defensiveness of the core assets in the North America midstream and refining space is satisfactory despite macro headwinds, including those levered to liquefaction and Mid-Con liquids transportation.

At the end of the third quarter of 2022, 38 hedge funds in the database of Insider Monkey held stakes worth $1.1 billion in Kinder Morgan, Inc. (NYSE:KMI), compared to 41 in the previous quarter worth $1.2 billion.