Dividend Assets Capital LLC continued to hold its stake in shares of Kinder Morgan Inc. (NYSE:KMI) during the second quarter, Holdings Channel reports. The fund owned 12,500 shares of the company’s stock at the end of the second quarter. Dividend Assets Capital LLC’s holdings in Kinder Morgan were worth $234,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Acadian Asset Management LLC increased its stake in Kinder Morgan by 706,750.0% in the first quarter. Acadian Asset Management LLC now owns 14,137 shares of the company’s stock worth $252,000 after buying an additional 14,135 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Kinder Morgan by 132.6% in the first quarter. Glenmede Trust Co. NA now owns 281,029 shares of the company’s stock worth $5,017,000 after buying an additional 160,233 shares during the last quarter. Virginia Retirement System purchased a new stake in Kinder Morgan during the first quarter worth $5,054,000. Hyman Charles D purchased a new stake in Kinder Morgan during the first quarter worth $1,805,000. Finally, Duff & Phelps Investment Management Co. increased its stake in Kinder Morgan by 3.1% in the first quarter. Duff & Phelps Investment Management Co. now owns 3,853,881 shares of the company’s stock worth $68,831,000 after buying an additional 117,190 shares during the last quarter. Hedge funds and other institutional investors own 54.61% of the company’s stock.
Kinder Morgan Inc. (NYSE:KMI) traded up 1.63% during midday trading on Friday, hitting $23.13. The stock had a trading volume of 15,056,338 shares. The company’s 50 day moving average price is $21.96 and its 200-day moving average price is $19.37. Kinder Morgan Inc. has a 52-week low of $11.20 and a 52-week high of $32.89. The stock has a market cap of $51.63 billion, a PE ratio of 826.07 and a beta of 0.63.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. Kinder Morgan had a return on equity of 4.82% and a net margin of 1.63%. The firm earned $3.14 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period last year, the company earned $0.16 EPS. Kinder Morgan’s quarterly revenue was down 9.2% compared to the same quarter last year. Analysts forecast that Kinder Morgan Inc. will post $0.67 EPS for the current fiscal year.
KMI has been the subject of several recent research reports. Morgan Stanley upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $23.00 to $24.00 in a research report on Thursday, August 18th. Vetr upgraded Kinder Morgan from a “strong sell” rating to a “sell” rating and set a $19.80 price objective for the company in a research report on Monday, July 18th. TheStreet upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Jefferies Group reiterated a “hold” rating and issued a $17.00 price objective on shares of Kinder Morgan in a research report on Thursday, July 21st. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Kinder Morgan in a research report on Tuesday, July 12th. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $20.83.
About Kinder Morgan
Kinder Morgan, Inc (KMI) is an energy infrastructure company in North America. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Company’s Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.
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