Kinder Morgan, Inc. KMI recently agreed to acquire renewable natural gas developer Kinetrex Energy for $310 million, in a bid to increase green energy exposure. Kinder Morgan, a major midstream infrastructure operator, is acquiring the Indianapolis-based company from a subsidiary of a private equity investment firm, Parallel49 Equity.The acquiree holds a 50% stake in the biggest renewable natural gas unit located in Indiana. It has three additional landfill-based units to be constructed, which can come online by next year. Total renewable natural gas production from the four facilities is expected to be more than 4 billion cubic feet per annum.The commodity is developed from renewable sources like organic waste in landfills, waste from agricultural operations and wastewater treatments. Decomposition process of these organic wastes creates methane, which is captured by the company. The production process decreases greenhouse gas emissions.With rising pressure from investors in the energy spectrum to reduce emissions, several companies are increasing investments in green energy. This March, Kinder Morgan created Energy Transition Ventures group within the company to pursue low-carbon energy opportunities. It intends to be part of the larger energy transition movement, which gathered pace amid the coronavirus pandemic. The company is eyeing services like carbon capture, renewable natural gas capture and sequestration as part of business development opportunities. Electric transmission, hydrogen production, renewable diesel production and power generation are on the list too.The Energy Transition Ventures group expects Kinetrex’s renewable natural gas to deliver high returns, which has a low-cost business model. It supplies liquefied natural gas in the U.S. Midwest. The deal is expected to close in the third quarter of this year.Price PerformanceKinder Morgan’s shares have increased 13.2% over the past six months compared with 10.9% rise of the industry it belongs to.Image Source: Zacks Investment ResearchZacks Rank & Key PicksThe company currently has a Zacks Rank #3 (Hold). Some better-ranked stocks from the energy space include Murphy Oil Corporation MUR, Cheniere Energy Partners, L.P. CQP and Magellan Midstream Partners, L.P. MMP, each having a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Murphy Oil’s bottom line for 2021 is expected to surge 131.2% year over year.Cheniere Partners’ profits for 2021 are expected to rise 3.9% year over year.Magellan Midstream’s bottom line for 2021 is expected to jump 7.2% year over year. 5 Stocks Set to Double Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >>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 Murphy Oil Corporation (MUR): Free Stock Analysis Report Kinder Morgan, Inc. (KMI): Free Stock Analysis Report Cheniere Energy Partners, LP (CQP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research