First Bank & Trust Trims Stake in Kinder Morgan Inc (KMI)

First Bank & Trust lowered its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 14.8% in the 1st quarter, Holdings Channel reports. The firm owned 4,722 shares of the pipeline company’s stock after selling 818 shares during the quarter. First Bank & Trust’s holdings in Kinder Morgan were worth $94,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American National Bank grew its holdings in Kinder Morgan by 20.4% during the 1st quarter. American National Bank now owns 220,502 shares of the pipeline company’s stock valued at $4,412,000 after buying an additional 37,318 shares in the last quarter. Cascade Investment Advisors Inc. purchased a new stake in Kinder Morgan during the 1st quarter valued at approximately $656,000. W.E. Donoghue & Co. LLC purchased a new stake in Kinder Morgan during the 1st quarter valued at approximately $2,694,000. Shorepoint Capital Partners LLC purchased a new stake in Kinder Morgan during the 1st quarter valued at approximately $2,001,000. Finally, Narwhal Capital Management grew its holdings in Kinder Morgan by 4.5% during the 1st quarter. Narwhal Capital Management now owns 149,397 shares of the pipeline company’s stock valued at $2,989,000 after buying an additional 6,395 shares in the last quarter. 64.93% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on KMI shares. Jefferies Financial Group upgraded Kinder Morgan from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. TheStreet upgraded Kinder Morgan from a “c” rating to a “b-” rating in a research report on Wednesday, January 16th. Argus reiterated a “buy” rating and set a $23.00 target price on shares of Kinder Morgan in a research report on Tuesday, January 22nd. Evercore ISI started coverage on Kinder Morgan in a research report on Tuesday, February 5th. They set an “outperform” rating for the company. Finally, Citigroup downgraded Kinder Morgan from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $21.32.

In related news, Chairman Richard D. Kinder purchased 175,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was bought at an average cost of $19.75 per share, for a total transaction of $3,456,250.00. Following the completion of the transaction, the chairman now directly owns 239,069,693 shares in the company, valued at $4,721,626,436.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Deborah Macdonald purchased 2,500 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average price of $19.89 per share, with a total value of $49,725.00. Following the completion of the transaction, the director now owns 25,328 shares of the company’s stock, valued at $503,773.92. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 3,090,912 shares of company stock valued at $58,877,514. 13.95% of the stock is owned by corporate insiders.

Shares of KMI opened at $19.81 on Wednesday. The firm has a market capitalization of $43.66 billion, a P/E ratio of 22.26, a P/E/G ratio of 2.63 and a beta of 0.96. Kinder Morgan Inc has a 52-week low of $14.62 and a 52-week high of $20.44. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 0.98.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.79 billion. Kinder Morgan had a return on equity of 5.86% and a net margin of 11.38%. Kinder Morgan’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. On average, sell-side analysts anticipate that Kinder Morgan Inc will post 1 earnings per share for the current fiscal year.

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Kinder Morgan 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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