Acadian Asset Management LLC continued to hold its stake in Kinder Morgan Inc. (NYSE:KMI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,137 shares of the company’s stock at the end of the second quarter. Acadian Asset Management LLC’s holdings in Kinder Morgan were worth $265,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the stock. Stelac Advisory Services LLC purchased a new stake in shares of Kinder Morgan during the first quarter worth $110,000. Huntington Asset Advisors Inc. purchased a new stake in shares of Kinder Morgan during the first quarter worth $111,000. LGL Partners LLC purchased a new stake in shares of Kinder Morgan during the first quarter worth $196,000. Trust Co purchased a new stake in shares of Kinder Morgan during the first quarter worth $206,000. Finally, Cullinan Associates Inc. purchased a new stake in shares of Kinder Morgan during the second quarter worth $212,000. 54.61% of the stock is owned by hedge funds and other institutional investors.
Kinder Morgan Inc. (NYSE:KMI) traded down 0.77% during midday trading on Friday, hitting $21.94. 15,729,138 shares of the stock were exchanged. The company’s 50 day moving average is $21.73 and its 200-day moving average is $19.24. Kinder Morgan Inc. has a 1-year low of $11.20 and a 1-year high of $32.89. The stock has a market cap of $48.98 billion, a PE ratio of 783.57 and a beta of 0.63.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. The company 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. Kinder Morgan’s revenue was down 9.2% compared to the same quarter last year. On average, analysts expect that Kinder Morgan Inc. will post $0.67 earnings per share for the current year.
A number of analysts have recently weighed in on KMI shares. Zacks Investment Research raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Monday, June 20th. Vetr raised shares of Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $19.69 price target for the company in a report on Monday, June 13th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 29th. Finally, Barclays PLC upped their price target on shares of Kinder Morgan from $20.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, July 18th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price 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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