Calamos Advisors LLC raised its position in shares of Kinder Morgan Inc. (NYSE:KMI) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 387,101 shares of the company’s stock after buying an additional 75 shares during the period. Calamos Advisors LLC’s holdings in Kinder Morgan were worth $7,247,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Stelac Advisory Services LLC acquired a new position in shares of Kinder Morgan during the first quarter worth about $110,000. Huntington Asset Advisors Inc. acquired a new position in shares of Kinder Morgan during the first quarter worth about $111,000. Financial Architects Inc increased its position 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 position in shares of Kinder Morgan during the first quarter worth about $196,000. Finally, Cullinan Associates Inc. acquired a new position in shares of Kinder Morgan during the second quarter worth about $212,000. 54.61% of the stock is currently owned by institutional investors.
Kinder Morgan Inc. (NYSE:KMI) traded up 1.63% during trading on Friday, hitting $23.13. The stock had a trading volume of 15,056,338 shares. Kinder Morgan Inc. has a 52-week low of $11.20 and a 52-week high of $32.89. The company has a 50-day moving average price of $21.99 and a 200-day moving average price of $19.39. The company has a market cap of $51.63 billion, a price-to-earnings ratio of 826.07 and a beta of 0.63.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. The firm earned $3.14 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period last year, the business earned $0.16 earnings per share. The business’s revenue was down 9.2% on a year-over-year basis. Equities research analysts forecast that Kinder Morgan Inc. will post $0.67 EPS for the current year.
KMI has been the topic of a number of research reports. Vetr downgraded Kinder Morgan from a “hold” rating to a “sell” rating and set a $18.16 price target on the stock. in a research note on Monday, July 11th. Jefferies Group reaffirmed a “hold” rating and set a $17.00 price target on shares of Kinder Morgan in a research note on Thursday, July 21st. Zacks Investment Research raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Monday, June 20th. Credit Suisse Group AG set a $23.00 price target on Kinder Morgan and gave the stock a “hold” rating in a research note on Wednesday, July 20th. Finally, Barclays PLC upped their price target on Kinder Morgan from $20.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, July 18th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus 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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