Kinder Morgan, Inc. KMI partially closed the previously announced acquisition of the subsidiaries of Stagecoach Gas Services LLC. Last month, the company announced the $1.225-BILLION accord.The closing of the deal, however, leaves out the incorporation of some assets including the Twin Tier Pipeline LLC for now. It has already paid $1.195 billion for the rest of the assets. For $30 million, Twin Tier Pipeline and the remaining assets will likely join Kinder Morgan’s portfolio in first-quarter 2022, following a regulatory approval from the New York authorities.It is to be noted that Stagecoach is a joint venture between Consolidated Edison, Inc. ED and Crestwood Equity Partners LP CEQP. Both the companies have shared the cash proceeds from the transaction.As stated earlier, Stagecoach comprises four natural gas storage facilities and networks of natural gas pipelines that span across 185 miles. Importantly, the Stagecoach, Thomas Corners, Steuben and Seneca Lakestorage facilities have a total FERC-certificated gas storage capacity of 41 billion cubic feet. Moreover, the pipeline networks have several interconnects to major interstate natural gas pipelines that comprise the midstream energy firm’s affiliate Tennessee Gas Pipeline.The acquirer expects the move to broaden its scope of services by connecting Northeast demand regions with major natural gas supply sources. It can be said that the acquisition has placed Kinder Morgan in a position to capitalize on growing natural gas demand, which is touted to be the bridge between high and no emission energy sources.Price PerformanceKinder Morgan’s shares have increased 31.6% over the past year compared with 42.5% rise of the industry it belongs to.Image Source: Zacks Investment ResearchZacks Rank & Stock to ConsiderThe company currently has a Zacks Rank #3 (Hold). A better-ranked stock from the energy space is Magellan Midstream Partners, L.P. MMP, having a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Magellan Midstream’s bottom line for 2021 is expected to jump 7.2% year over year. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Magellan Midstream Partners, L.P. (MMP): Free Stock Analysis Report Consolidated Edison Inc (ED): Free Stock Analysis Report Kinder Morgan, Inc. (KMI): Free Stock Analysis Report Crestwood Equity Partners LP (CEQP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research