Northwestern Mutual Wealth Management Co. purchased a new stake in Kinder Morgan Canada Limited (OTCMKTS:KMLGF – Free Report) in the 2nd quarter, Holdings Channel reports. The firm purchased 384,087 shares of the company’s stock, valued at approximately $12,279,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KMLGF. Addison Advisors LLC acquired a new position in shares of Kinder Morgan Canada during the 2nd quarter valued at about $37,000. Rakuten Securities Inc. acquired a new stake in shares of Kinder Morgan Canada in the second quarter worth approximately $38,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Kinder Morgan Canada in the second quarter worth approximately $49,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Kinder Morgan Canada in the second quarter worth approximately $58,000. Finally, Hara Capital LLC purchased a new stake in Kinder Morgan Canada in the second quarter valued at approximately $201,000.
Kinder Morgan Canada Price Performance
Shares of KMLGF stock opened at $10.88 on Friday. Kinder Morgan Canada Limited has a one year low of $8.05 and a one year high of $35.53. The company has a 50 day moving average price of $10.88 and a 200 day moving average price of $10.88.
Kinder Morgan Canada 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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