Here is What Hedge Funds Think About Kinder Morgan Inc (KMI)

The decline offered investors the chance to buy shares of the largest energy infrastructure company in the US much cheaper and even though the company slashed its dividend by 75% to $0.125 in December, many investors feel that the move was necessary as the company focuses on long-term growth rather than keeping shareholders happy in the near future.

With all of this in mind, let’s view the fresh action regarding Kinder Morgan Inc (NYSE:KMI).

How are hedge funds trading Kinder Morgan Inc (NYSE:KMI)?

At the end of the fourth quarter, a total of 67 of the hedge funds tracked by Insider Monkey were long this stock, down by 7% from one quarter earlier. With hedge funds’ capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their stakes significantly (or already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Berkshire Hathaway, managed by Warren Buffett, holds the most valuable position in Kinder Morgan Inc (NYSE:KMI). Berkshire Hathaway has a $395.9 million position in the stock, comprising 0.3% of its 13F portfolio. On Berkshire Hathaway’s heels is Soroban Capital Partners, managed by Eric W. Mandelblatt, which holds a $373 million call position; the fund has 2.7% of its 13F portfolio invested in the stock. Some other hedge funds and institutional investors with similar optimism consist of Bob Peck and Andy Raab’s FPR Partners, D. E. Shaw’s D E Shaw and David Tepper’s Appaloosa Management LP.