North Point Portfolio Managers Corp OH maintained its position in shares of Kinder Morgan Inc. (NYSE:KMI) during the second quarter, Holdings Channel reports. The firm owned 12,356 shares of the company’s stock at the end of the second quarter. North Point Portfolio Managers Corp OH’s holdings in Kinder Morgan were worth $231,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in shares of Kinder Morgan by 50.1% in the first quarter. Wellington Management Group LLP now owns 6,333,502 shares of the company’s stock worth $113,117,000 after buying an additional 2,114,436 shares in the last quarter. Confluence Investment Management LLC raised its position in shares of Kinder Morgan by 16.7% in the second quarter. Confluence Investment Management LLC now owns 2,352,603 shares of the company’s stock worth $44,041,000 after buying an additional 337,389 shares in the last quarter. Harvest Fund Advisors LLC raised its position in shares of Kinder Morgan by 30.6% in the first quarter. Harvest Fund Advisors LLC now owns 5,144,965 shares of the company’s stock worth $91,889,000 after buying an additional 1,204,201 shares in the last quarter. Strs Ohio raised its position in shares of Kinder Morgan by 3.9% in the second quarter. Strs Ohio now owns 2,453,299 shares of the company’s stock worth $45,925,000 after buying an additional 92,698 shares in the last quarter. Finally, Private Asset Management Inc. raised its position in shares of Kinder Morgan by 5.3% in the second quarter. Private Asset Management Inc. now owns 506,113 shares of the company’s stock worth $9,474,000 after buying an additional 25,667 shares in the last quarter. 54.61% of the stock is owned by institutional investors and hedge funds.
Kinder Morgan Inc. (NYSE:KMI) traded up 0.23% during mid-day trading on Tuesday, hitting $21.83. 15,198,117 shares of the stock traded hands. The stock has a market capitalization of $48.73 billion, a PE ratio of 779.64 and a beta of 0.63. The company has a 50 day moving average price of $21.77 and a 200-day moving average price of $19.29. Kinder Morgan Inc. has a one year low of $11.20 and a one year high of $32.89.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The company earned $3.14 billion during the quarter, compared to analysts’ expectations of $3.45 billion. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. Kinder Morgan’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 EPS. Equities analysts anticipate that Kinder Morgan Inc. will post $0.67 earnings per share for the current fiscal year.
KMI has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research 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 target price on the stock in a research note on Monday, June 13th. Deutsche Bank AG reissued a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 29th. Finally, Barclays PLC upped their target price on shares of Kinder Morgan from $20.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, July 18th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company 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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