Court Place Advisors LLC boosted its stake in Kinder Morgan Inc. (NYSE:KMI) by 10.9% during the second quarter, Holdings Channel reports. The fund owned 22,346 shares of the company’s stock after buying an additional 2,200 shares during the period. Court Place Advisors LLC’s holdings in Kinder Morgan were worth $418,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMI. Norges Bank purchased a new position in Kinder Morgan during the fourth quarter valued at $214,997,000. Prudential Financial Inc. raised its position in shares of Kinder Morgan by 89.8% in the first quarter. Prudential Financial Inc. now owns 6,342,027 shares of the company’s stock worth $113,269,000 after buying an additional 3,001,190 shares during the last quarter. Brookfield Asset Management Inc. raised its position in shares of Kinder Morgan by 117.6% in the first quarter. Brookfield Asset Management Inc. now owns 4,645,250 shares of the company’s stock worth $82,964,000 after buying an additional 2,510,767 shares during the last quarter. AMP Capital Investors Ltd raised its position in shares of Kinder Morgan by 74.7% in the first quarter. AMP Capital Investors Ltd now owns 5,198,277 shares of the company’s stock worth $92,843,000 after buying an additional 2,223,328 shares during the last quarter. Finally, 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 during the last quarter. 54.65% of the stock is currently owned by institutional investors and hedge funds.
Kinder Morgan Inc. (NYSE:KMI) traded up 2.00% during trading on Monday, hitting $21.90. 17,056,262 shares of the company’s stock traded hands. The company has a market cap of $48.89 billion, a PE ratio of 782.14 and a beta of 0.63. The company’s 50 day moving average price is $21.48 and its 200 day moving average price is $19.15. Kinder Morgan Inc. has a 52-week low of $11.20 and a 52-week high of $32.89.
Kinder Morgan (NYSE:KMI) last issued 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. Kinder Morgan had a return on equity of 4.82% and a net margin of 1.63%. The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same period last year, the business earned $0.16 EPS. Kinder Morgan’s quarterly revenue was down 9.2% compared to the same quarter last year. Analysts expect that Kinder Morgan Inc. will post $0.67 earnings per share for the current year.
A number of research analysts have weighed in on KMI shares. Vetr lowered shares of Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $19.96 price target on the stock. in a research note on Monday, May 30th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Kinder Morgan in a research note on Sunday, May 22nd. TheStreet raised shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Finally, Zacks Investment Research raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Monday, June 20th. Twelve research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kinder Morgan presently has an average rating of “Hold” and a consensus target price of $20.58.
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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