Strategic Advisors LLC Has $580,000 Position in Kinder Morgan Inc (KMI)

Strategic Advisors LLC increased its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 62.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,979 shares of the pipeline company’s stock after acquiring an additional 11,195 shares during the period. Strategic Advisors LLC’s holdings in Kinder Morgan were worth $580,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Vanguard Group Inc. raised its stake in Kinder Morgan by 1.1% in the third quarter. Vanguard Group Inc. now owns 146,125,762 shares of the pipeline company’s stock valued at $2,590,809,000 after buying an additional 1,648,894 shares during the period. Vanguard Group Inc raised its stake in Kinder Morgan by 1.1% in the third quarter. Vanguard Group Inc now owns 146,125,762 shares of the pipeline company’s stock valued at $2,590,809,000 after buying an additional 1,648,894 shares during the period. BlackRock Inc. raised its stake in Kinder Morgan by 7.4% in the fourth quarter. BlackRock Inc. now owns 136,557,027 shares of the pipeline company’s stock valued at $2,100,249,000 after buying an additional 9,360,355 shares during the period. Tortoise Capital Advisors L.L.C. raised its stake in Kinder Morgan by 31.7% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 23,778,981 shares of the pipeline company’s stock valued at $365,721,000 after buying an additional 5,716,899 shares during the period. Finally, Geode Capital Management LLC raised its stake in Kinder Morgan by 8.1% in the fourth quarter. Geode Capital Management LLC now owns 23,513,119 shares of the pipeline company’s stock valued at $360,962,000 after buying an additional 1,758,792 shares during the period. Institutional investors and hedge funds own 64.72% of the company’s stock.

Several analysts have issued reports on KMI shares. TheStreet upgraded Kinder Morgan from a “c” rating to a “b-” rating in a research note on Wednesday, January 16th. Zacks Investment Research upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Wednesday, March 13th. Goldman Sachs Group lowered Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 price objective on the stock. in a research note on Thursday, March 28th. Jefferies Financial Group upgraded Kinder Morgan from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. Finally, Argus restated a “buy” rating and issued a $23.00 price objective on shares of Kinder Morgan in a research note on Tuesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. Kinder Morgan has an average rating of “Buy” and a consensus target price of $21.32.

In other news, insider Richard D. Kinder bought 50,000 shares of the firm’s stock in a transaction dated Tuesday, January 29th. The shares were bought at an average price of $17.92 per share, with a total value of $896,000.00. Following the completion of the transaction, the insider now owns 235,262,353 shares of the company’s stock, valued at $4,215,901,365.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Deborah Macdonald bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was purchased at an average cost of $19.89 per share, for a total transaction of $49,725.00. Following the transaction, the director now directly owns 25,328 shares of the company’s stock, valued at approximately $503,773.92. The disclosure for this purchase can be found here. Insiders bought 2,915,912 shares of company stock worth $55,421,264 in the last ninety days. 13.95% of the stock is owned by company insiders.

Shares of Kinder Morgan stock traded down $0.01 on Monday, hitting $19.81. The stock had a trading volume of 291,287 shares, compared to its average volume of 14,602,230. Kinder Morgan Inc has a twelve month low of $14.62 and a twelve month high of $20.44. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $43.72 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 2.63 and a beta of 0.96.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 16th. The pipeline company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. Kinder Morgan had a return on equity of 5.86% and a net margin of 11.38%. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, equities research analysts predict that Kinder Morgan Inc will post 1.01 earnings per share for the current fiscal year.

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Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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