Shares of Kinder Morgan (KMI) are scorching hot, up nearly 50% so far in 2016, after being left out in the cold last winter due to a dividend cut. Skip Aylesworth, co-portfolio manager of the Hennessy Gas Utility Fund (GASFX) , likes the pipeline player's prospects from here on in. "They successfully reorganized by simplifying their corporate structure and lowering the dividend. And the result is the ability to self- fund most of its capital needs," said Aylesworth. TransCanada (TRP) , up 48% year-to-date, is the oil and gas player best known for political Keystone pipeline. The company is also a major power producer north of boader and is aiming to be a major North American energy infrastructure company. Aylesworth said the Calgary, Canada-based company's purchase of the Columbia Pipeline Company will successfully expand its American footprint. Along with TransCanada, Enbridge (ENB) is a major Canadian pipeline player having a good year, up 33% year-to-date. Unlike TransCanada, Enbridge has little if any power generation, but its recent purchase of Spectra (SE) will "enhance its pipeline footprint to include Mexico and the Pacific Northwest." Finally, back home in the U.S., Aylesworth likes MGE Energy (MGEE) , up 26% this year, calling it a "tried and true power generation utility." The company produces and distributes electricity and distributes natural gas in its service territory of Wisconsin.
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