Janney Montgomery Scott Starts Kinder Morgan Management (KMR) at Buy; Assets Produce Largely Stable, Fee-Based Income

Janney Montgomery Scott initiates coverage on Kinder Morgan Management (NYSE: KMR) with a Buy. PT $72.50.

JMS analyst says, "Kinder Morgan is among the largest and most diversified operators of midstream energy assets in North America. Kinder Morgan Energy Partners (NYSE: KMP) owns and operates more than 37,000 miles of pipeline and 180 terminals. Kinder Morgan Management, LLC (KMR) represents equivalent, institutional shares, or I-Shares, of KMP. No cash distribution is paid and no forms K-1 or 1099 are issued. These shares were created to meet the needs of institutional investors looking to participate in the attractive returns of the midstream energy sector and in Kinder Morgan specifically, without the complexity of MLP tax filings. KMR is one of only two I-Shares currently traded. The other is Enbridge Energy Management, LLC (NYSE: EEQ)(BUY)."

For more ratings news on Kinder Morgan Management click here and for the rating history of Kinder Morgan Management click here.

Shares of Kinder Morgan Management closed at $64.73 yesterday.

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