Kayne Anderson Capital Advisors LP Purchases New Stake in Kinder Morgan Canada Limited $KMLGF

Kayne Anderson Capital Advisors LP acquired a new position in shares of Kinder Morgan Canada Limited (OTCMKTS:KMLGF) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 9,310,932 shares of the company’s stock, valued at approximately $297,670,000. Kinder Morgan Canada accounts for about 5.8% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 7th biggest position.

A number of other large investors also recently added to or reduced their stakes in the business. Addison Advisors LLC bought a new position in shares of Kinder Morgan Canada in the 2nd quarter valued at about $37,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Kinder Morgan Canada during the second quarter worth approximately $49,000. Hara Capital LLC acquired a new position in Kinder Morgan Canada in the second quarter valued at approximately $201,000. Pasadena Private Wealth LLC acquired a new position in Kinder Morgan Canada in the second quarter valued at approximately $207,000. Finally, Portfolio Design Labs LLC acquired a new position in Kinder Morgan Canada in the second quarter valued at approximately $209,000.

Kinder Morgan Canada Price Performance

Shares of KMLGF stock opened at $10.88 on Friday. The firm’s 50 day moving average price is $10.88 and its two-hundred day moving average price is $10.88. Kinder Morgan Canada Limited has a 52-week low of $8.05 and a 52-week high of $35.53.

Kinder Morgan Canada Company Profile

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.