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

Seeing as Kinder Morgan Inc (NYSE:KMI) has faced bearish sentiment from the entirety of the hedge funds we track, we can see that there were a few money managers who sold off their entire stakes in the fourth quarter. At the top of the heap, Jody LaNasa and Vivian Lau’s Serengeti Asset Management dumped the biggest position of the “upper crust” of funds watched by Insider Monkey, totaling about $27.7 million in stock, and Leon Cooperman’s Omega Advisors was right behind this move, as the fund cut about $19.7 million worth of shares.

Let’s now take a look at 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 Deutsche Bank AG (USA) (NYSE:DB), Twenty-First Century Fox Inc (NASDAQ:FOXA), eBay Inc (NASDAQ:EBAY), and Canon Inc. (ADR) (NYSE:CAJ). This group of stocks’ market valuations are similar to KMI’s market valuation.

As you can see these stocks had an average of 34 hedge funds with bullish positions and the average amount invested in these stocks was $1.63 billion. That figure was $2.31 billion in KMI’s case. eBay Inc (NASDAQ:EBAY) is the most popular stock in this table. On the other hand Canon Inc. (ADR) (NYSE:CAJ) is the least popular one with only five bullish hedge fund positions. Kinder Morgan Inc (NYSE:KMI) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard EBAY might be a better candidate to consider a long position.