Will Kinder Morgan Be the Stock That Got Away?

By Chuck Saletta – Jan 4, 2013 at 1:22PM

NYSE: KMI

Kinder Morgan

Market Cap

$42B

Today's Change

(-0.32%) -$0.06

Current Price

$18.76

Price as of April 23, 2024, 4:00 p.m. ET

It's trading above what one real money investor is willing to pay.

Energy pipeline giant Kinder Morgan (KMI -0.32%), a recent selection for the real-money Inflation-Protected Income Growth Portfolio, leaped beyond the portfolio's declared "buy below" price before the actual cash investment could be made. That leaves portfolio manager Chuck Saletta with a quandry. Will he:

Pay a higher price, given the quality of Kinder Morgan's business,
Look to buy shares in one of Kinder Morgan's sister companies: Kinder Morgan Management (NYSE: KMR), Kinder Morgan Energy Partners (NYSE: KMP), or El Paso Pipeline Partners (EPB),
Wait for the market to offer him the opportunity to buy the stock at the price he's willing to pay, or
Put that money elsewhere?

Watch this short video to find out:

Chuck Saletta owns shares of Kinder Morgan Management, LLC. The Motley Fool owns shares of Kinder Morgan. Motley Fool newsletter services recommend El Paso Pipeline Partners LP and Kinder Morgan. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.