5 Best Pipeline and MLP Stocks To Buy

3. Kinder Morgan, Inc. (NYSE:KMI

Number of Hedge Fund Holders: 38 

Kinder Morgan, Inc. (NYSE:KMI) is one of the largest infrastructure companies in North America that owns oil and gas pipelines and terminals. Currently operating as a pipeline company, Kinder Morgan, Inc. (NYSE:KMI) brought all its units under one company by abandoning MLP. 

On September 13, Kinder Morgan, Inc. (NYSE:KMI) announced its partnership with Finnish renewable fuels firm, Neste, for the development of a U.S. raw material storage and logistics hub to support the production of renewable diesel. In Q2 2021, Kinder Morgan, Inc. (NYSE:KMI) posted an EPS of $0.23, beating the estimates by $0.04. The company’s revenue for the quarter stood at $3.1 billion, presenting a 23% year-over-year growth.

As of Q2 2021, 38 hedge funds tracked by Insider Monkey have positions in Kinder Morgan, Inc. (NYSE:KMI), valued at over $1.03 billion. The number of hedge funds having stakes in the company was the same in the previous quarter. With 19.7 million shares worth $359.6 million, FPR Partners is the company’s leading shareholder.