Kinder Morgan is one of the largest energy infrastructure companies globally, with approximately 83,000 miles of pipelines and 144 terminals spread across North America. About 40% of all-natural gas consumed in the United States passes through Kinder Morgan pipelines.
Pipeline stocks have been a no man’s land for years, and Kinder Morgan is no exception. Shares have been trending higher since November 2020 but remain below their pre-pandemic levels and are still more than 60% below their 2015 highs.
In Kinder Morgan, you get the opportunity to buy a cheap stock in an affordable sector that is finally trending higher after years of decline. And you’re getting paid a 6%-plus dividend while you wait!
Simply returning to pre-pandemic levels would mean an upside of nearly 30% from current prices, not including the dividend. That’s not too shabby in a market in which value is getting increasingly difficult to find.