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ET - Sell Alert: Why I Recently Dumped 6%-Yielding Kinder Morgan Stock
Energy Transfer LP
2024-05-20 07:05:00 ET
Summary
We bought KMI back in late February and have significantly outperformed the broader midstream sector and S&P 500 since then.
Our investment thesis for Kinder Morgan stock recently fundamentally changed.
As a result, we sold the stock.
I previously bought Kinder Morgan ( KMI ) stock back in late February. Since then, the stock has delivered very attractive returns, significantly outperforming the broader midstream ( AMLP ) sector as well as the S&P 500 ( SPY ) over that period: