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Hedge Funds Are Betting On Kinder Morgan Inc (KMI)

Now, key hedge funds were leading the bulls’ herd. Lone Pine Capital initiated the most valuable position in Kinder Morgan Inc (NYSE:KMI). Lone Pine Capital had $285.3 million invested in the company at the end of the quarter. Robert Pitts’s Steadfast Capital Management also made a $200.4 million investment in the stock during the quarter. The other funds with new positions in the stock are Matthew Knauer and Mina Faltas’s Nokota Management, Phill Gross and Robert Atchinson’s Adage Capital Management, and Eric Mindich’s Eton Park Capital.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Kinder Morgan Inc (NYSE:KMI) but similarly valued. We will take a look at Phillips 66 (NYSE:PSX), Target Corporation (NYSE:TGT), BCE Inc. (USA) (NYSE:BCE), and Infosys Ltd ADR (NYSE:INFY). This group of stocks’ market valuations are similar to KMI’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
PSX 29 7315837 3
TGT 30 702816 -2
BCE 16 189689 1
INFY 20 822886 -3

As you can see these stocks had an average of 24 investors long their stocks and the average amount invested in these stocks was $2.26 billion. That figure was $2.84 billion in Kinder Morgan’s case. Target Corporation (NYSE:TGT) is the most popular stock in this table with 30 funds holding shares. On the other hand BCE Inc. (USA) (NYSE:BCE) is the least popular one with only 16 bullish hedge fund positions. Compared to these stocks Kinder Morgan Inc (NYSE:KMI) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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