Tocqueville Asset Management L.P. purchased a new position in shares of Kinder Morgan Canada Limited (OTCMKTS:KMLGF – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 169,359 shares of the company’s stock, valued at approximately $5,414,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMLGF. Gables Capital Management Inc. acquired a new stake in shares of Kinder Morgan Canada in the second quarter valued at approximately $1,444,000. Diversify Advisory Services LLC purchased a new position in shares of Kinder Morgan Canada during the second quarter worth approximately $1,460,000. BOK Financial Private Wealth Inc. acquired a new position in shares of Kinder Morgan Canada in the 2nd quarter valued at $49,000. Compass Wealth Management LLC acquired a new position in shares of Kinder Morgan Canada in the 2nd quarter valued at $3,847,000. Finally, Amplify Investments LLC purchased a new stake in Kinder Morgan Canada in the 2nd quarter valued at $512,000.
Kinder Morgan Canada Stock Performance
KMLGF stock opened at $10.88 on Friday. The company has a fifty day moving average price of $10.88 and a 200 day moving average price of $10.88. Kinder Morgan Canada Limited has a 12 month low of $8.05 and a 12 month 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.
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