First National Trust Co. raised its position in shares of Kinder Morgan Inc. (NYSE:KMI) by 28.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,748 shares of the company’s stock after buying an additional 6,858 shares during the period. First National Trust Co.’s holdings in Kinder Morgan were worth $576,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Stelac Advisory Services LLC acquired a new stake in shares of Kinder Morgan during the first quarter worth $110,000. Huntington Asset Advisors Inc. acquired a new stake in shares of Kinder Morgan during the first quarter worth $111,000. Financial Architects Inc increased its stake in shares of Kinder Morgan by 41.8% in the second quarter. Financial Architects Inc now owns 10,765 shares of the company’s stock worth $201,000 after buying an additional 3,173 shares in the last quarter. LGL Partners LLC acquired a new stake in shares of Kinder Morgan during the first quarter worth $196,000. Finally, Cullinan Associates Inc. acquired a new stake in shares of Kinder Morgan during the second quarter worth $212,000. 54.61% of the stock is currently owned by hedge funds and other institutional investors.
Kinder Morgan Inc. (NYSE:KMI) traded up 0.54% during trading on Wednesday, reaching $22.38. The company’s stock had a trading volume of 11,127,828 shares. The firm has a market cap of $49.96 billion, a PE ratio of 799.29 and a beta of 0.69. Kinder Morgan Inc. has a one year low of $11.20 and a one year high of $32.89. The company has a 50-day moving average of $22.09 and a 200 day moving average of $19.48.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The firm earned $3.14 billion during the quarter, compared to the consensus estimate of $3.45 billion. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 earnings per share. Analysts expect that Kinder Morgan Inc. will post $0.67 EPS for the current fiscal year.
KMI has been the topic of several recent research reports. Vetr raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $23.64 price objective on the stock in a report on Monday, September 5th. Stifel Nicolaus downgraded Kinder Morgan from a “buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a report on Tuesday. Morgan Stanley raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $23.00 to $24.00 in a report on Thursday, August 18th. Zacks Investment Research raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, September 20th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 29th. Twelve research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.19.
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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