Legacy Capital Partners Inc. increased its position in Kinder Morgan Inc (NYSE:KMI) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,624 shares of the pipeline company’s stock after purchasing an additional 1,300 shares during the period. Legacy Capital Partners Inc.’s holdings in Kinder Morgan were worth $288,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. grace capital bought a new stake in shares of Kinder Morgan in the 3rd quarter worth approximately $31,000. River & Mercantile Asset Management LLP purchased a new stake in shares of Kinder Morgan in the 2nd quarter worth approximately $33,000. Citizens Financial Group Inc RI grew its stake in shares of Kinder Morgan by 35.4% in the 3rd quarter. Citizens Financial Group Inc RI now owns 1,923 shares of the pipeline company’s stock worth $39,000 after buying an additional 503 shares during the last quarter. Atwater Malick LLC purchased a new position in Kinder Morgan during the third quarter valued at $40,000. Finally, Golden State Wealth Management LLC raised its stake in Kinder Morgan by 106.5% during the third quarter. Golden State Wealth Management LLC now owns 1,929 shares of the pipeline company’s stock valued at $40,000 after buying an additional 995 shares during the last quarter. 62.15% of the stock is owned by institutional investors and hedge funds.
KMI stock opened at $21.46 on Wednesday. The stock has a market capitalization of $48.72 billion, a P/E ratio of 24.11, a P/E/G ratio of 4.37 and a beta of 0.80. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.35 and a quick ratio of 0.29. Kinder Morgan Inc has a 1-year low of $16.93 and a 1-year high of $21.68. The business has a fifty day moving average price of $20.60 and a 200-day moving average price of $20.47.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). Kinder Morgan had a net margin of 15.21% and a return on equity of 6.25%. The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same period last year, the business earned $0.21 earnings per share. The company’s quarterly revenue was down 8.6% on a year-over-year basis. As a group, analysts anticipate that Kinder Morgan Inc will post 0.96 earnings per share for the current year.
In related news, Chairman Richard D. Kinder bought 300,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were acquired at an average price of $19.74 per share, for a total transaction of $5,922,000.00. Following the purchase, the chairman now owns 243,079,496 shares of the company’s stock, valued at $4,798,389,251.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Thomas A. Martin sold 20,733 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $20.65, for a total transaction of $428,136.45. Following the sale, the vice president now directly owns 908,974 shares in the company, valued at approximately $18,770,313.10. The disclosure for this sale can be found here. In the last three months, insiders acquired 1,459,624 shares of company stock valued at $29,187,827. 13.95% of the stock is owned by insiders.
KMI has been the topic of several analyst reports. Zacks Investment Research raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, December 24th. TD Securities started coverage on Kinder Morgan in a report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price target for the company. ValuEngine raised Kinder Morgan from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 8th. SunTrust Banks dropped their price target on shares of Kinder Morgan from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Finally, Citigroup downgraded shares of Kinder Morgan from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $21.92.
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.
Featured Story: What causes a stock to be most active?
Want to see what other hedge funds are holding KMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinder Morgan Inc (NYSE:KMI).
Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.