Corient Private Wealth LP acquired a new stake in shares of Kinder Morgan Canada Limited (OTCMKTS:KMLGF – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor acquired 769,607 shares of the company’s stock, valued at approximately $24,604,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KMLGF. Addison Advisors LLC bought a new stake in Kinder Morgan Canada during the 2nd quarter worth approximately $37,000. Rakuten Securities Inc. bought a new position in shares of Kinder Morgan Canada in the second quarter worth approximately $38,000. BOK Financial Private Wealth Inc. purchased a new stake in shares of Kinder Morgan Canada in the second quarter worth $49,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Kinder Morgan Canada in the second quarter worth $58,000. Finally, Aberdeen Wealth Management LLC bought a new stake in shares of Kinder Morgan Canada during the 2nd quarter valued at $100,000.
Kinder Morgan Canada Stock Performance
KMLGF opened at $10.88 on Friday. Kinder Morgan Canada Limited has a fifty-two week low of $8.05 and a fifty-two week high of $35.53. The firm’s fifty day moving average is $10.88 and its 200 day moving average is $10.88.
About Kinder Morgan Canada
Kinder Morgan Canada (OTCMKTS: KMLGF) is a leading energy infrastructure company in Canada, specializing in the transportation and storage of crude oil, refined petroleum products and natural gas liquids. As a subsidiary of Kinder Morgan, Inc, the company operates an extensive network of pipelines and terminals that serve oil producers, refiners and exporters across Western Canada and the Pacific Northwest. Its core business centers on safe, reliable and cost-effective movement of hydrocarbons from production areas in Alberta to domestic markets and coastal export terminals.
The company’s pipeline portfolio includes the Trans Mountain system, which runs from Alberta’s oil sands region to the British Columbia coast, the Cochin pipeline linking Canadian supply hubs with U.S.
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