Why Kinder Morgan, Energy Transfer, and Enterprise Products Partners Rallied More Than 15% in November

Pipeline companies rallied sharply in November. Natural gas pipeline giant Kinder Morgan (NYSE: KMI) rallied 15.1%, according to data provided by S&P Global Market Intelligence. Meanwhile, leading master limited partnerships (MLPs) Energy Transfer (NYSE: ET) and Enterprise Products Partners (NYSE: EPD) were both up more than 20%. Those were huge moves for the relatively slower-growing midstream companies more known for paying high-yielding dividends. Two notable catalysts fueled the rally in pipeline stocks: the election and artificial intelligence (AI)-driven growth prospects.Stocks surged following the election. The S&P 500 (SNPINDEX: ^GSPC) has gained about 2% since Election Day, driven by optimism that the incoming Trump administration will cut taxes and regulations. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool