Avantax Advisory Services Inc. raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 247.5% during the third quarter, HoldingsChannel reports. The firm owned 125,453 shares of the pipeline company’s stock after purchasing an additional 89,352 shares during the period. Avantax Advisory Services Inc.’s holdings in Kinder Morgan were worth $1,550,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of KMI. FMR LLC increased its position in Kinder Morgan by 12.0% during the 1st quarter. FMR LLC now owns 1,037,820 shares of the pipeline company’s stock valued at $20,767,000 after purchasing an additional 111,096 shares during the period. Public Employees Retirement Association of Colorado increased its position in Kinder Morgan by 4.5% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 382,997 shares of the pipeline company’s stock valued at $5,331,000 after purchasing an additional 16,652 shares during the period. Thrivent Financial for Lutherans increased its position in Kinder Morgan by 180.9% during the 1st quarter. Thrivent Financial for Lutherans now owns 249,432 shares of the pipeline company’s stock valued at $3,472,000 after purchasing an additional 160,650 shares during the period. APG Asset Management N.V. increased its position in Kinder Morgan by 39.2% during the 1st quarter. APG Asset Management N.V. now owns 4,296,938 shares of the pipeline company’s stock valued at $59,813,000 after purchasing an additional 1,208,983 shares during the period. Finally, Advisors Asset Management Inc. increased its position in Kinder Morgan by 102.9% during the 1st quarter. Advisors Asset Management Inc. now owns 132,446 shares of the pipeline company’s stock valued at $1,844,000 after purchasing an additional 67,159 shares during the period. 60.63% of the stock is currently owned by institutional investors and hedge funds.
KMI stock opened at $12.86 on Friday. The firm has a 50 day moving average of $12.99 and a 200 day moving average of $14.40. The stock has a market capitalization of $29.11 billion, a PE ratio of 183.74, a price-to-earnings-growth ratio of 4.87 and a beta of 0.96. The company has a quick ratio of 0.41, a current ratio of 0.48 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a 52 week low of $9.42 and a 52 week high of $22.58.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 22nd. The pipeline company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Kinder Morgan had a net margin of 1.41% and a return on equity of 6.02%. During the same period last year, the business earned $0.22 EPS. On average, equities research analysts expect that Kinder Morgan, Inc. will post 0.88 earnings per share for the current year.
In other Kinder Morgan news, Director William A. Smith acquired 7,000 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was acquired at an average cost of $13.96 per share, for a total transaction of $97,720.00. Following the purchase, the director now owns 28,087 shares in the company, valued at approximately $392,094.52. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Perry M. Waughtal sold 59,593 shares of Kinder Morgan stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $13.97, for a total transaction of $832,514.21. Following the sale, the director now owns 299,293 shares of the company’s stock, valued at $4,181,123.21. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 680,233 shares of company stock valued at $9,598,573. Company insiders own 14.19% of the company’s stock.
A number of research analysts have commented on the stock. US Capital Advisors downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, August 14th. Goldman Sachs Group upgraded shares of Kinder Morgan from a “sell” rating to a “neutral” rating and lowered their price target for the company from $14.00 to $13.00 in a report on Wednesday. Morgan Stanley lowered their price target on shares of Kinder Morgan from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, September 25th. Stifel Nicolaus lowered their price target on shares of Kinder Morgan from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Finally, ValuEngine cut shares of Kinder Morgan from a “hold” rating to a “sell” rating in a report on Wednesday, September 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $17.75.
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 gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.
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