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Kinder Morgan Rose 0.9% in the 7 Days up to November 28

Rekha Khandelwal, CFA - Author

Nov. 30 2017, Published 3:57 p.m. ET

KMI rose 0.9%

Kinder Morgan (KMI), which was largely on a downward trend over the last two months, stabilized a bit. For the seven days up to Tuesday, November 28, KMI was up 0.9%. In comparison, Enterprise Products Partners (EPD) was down 0.4% and ONEOK (OKE) was down 0.3%. The SPDR S&P 500 ETF (SPY)(SPX-INDEX) rose 1.1%.

The Alerian MLP ETF (AMLP) fell 1.3% for the seven-day period. Crude oil prices were up 2%. For an update on oil prices, see Is It a Big Week for the Crude Oil Market?

The above chart compares Kinder Morgan’s performance over the week ended November 28 with select peers, crude oil, and the Energy Select Sector SPDR ETF (XLE).

Kinder Morgan is down 21% YTD (year-to-date). The SPDR S&P 500 ETF is up nearly 17% YTD. KMI generated negative total returns in the last five-year, three-year, and one-year periods. Learn more about Kinder Morgan’s performance in What’s Impacting Kinder Morgan Stock?

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KMI’s yield

Kinder Morgan currently yields ~2.9%. In comparison, the SPDR S&P 500 ETF yields ~1.9%. ONEOK and Targa Resources (TRGP) currently yield ~5.9% and ~8.6%, respectively. To find out some of the highest yielding MLPs, see These 10 MLPs Offer the Highest Yields.

Let’s take a look at what Kinder Morgan’s moving averages indicate in the next part of this series.


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