PGGM Investments acquired a new stake in Kinder Morgan Inc. (NYSE:KMI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,332,146 shares of the company’s stock, valued at approximately $24,938,000.
Other hedge funds have also recently bought and sold shares of the company. Stelac Advisory Services LLC purchased a new stake in Kinder Morgan during the first quarter valued at about $110,000. Huntington Asset Advisors Inc. purchased a new stake in Kinder Morgan during the first quarter valued at about $111,000. LGL Partners LLC purchased a new stake in Kinder Morgan during the first quarter valued at about $196,000. Financial Architects Inc increased its stake in Kinder Morgan by 41.8% in the second quarter. Financial Architects Inc now owns 10,765 shares of the company’s stock valued at $201,000 after buying an additional 3,173 shares in the last quarter. Finally, Trust Co purchased a new stake in Kinder Morgan during the first quarter valued at about $206,000. 54.61% of the stock is owned by institutional investors and hedge funds.
Kinder Morgan Inc. (NYSE:KMI) traded up 0.09% during midday trading on Thursday, reaching $22.76. 15,824,773 shares of the company’s stock traded hands. The stock has a 50-day moving average of $21.93 and a 200 day moving average of $19.36. Kinder Morgan Inc. has a 52-week low of $11.20 and a 52-week high of $32.89. The company has a market cap of $50.81 billion, a P/E ratio of 812.86 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 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 had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the previous year, the company earned $0.16 earnings per share. The company’s quarterly revenue was down 9.2% on a year-over-year basis. On average, analysts anticipate that Kinder Morgan Inc. will post $0.67 earnings per share for the current fiscal year.
Several analysts recently issued reports on KMI shares. Vetr downgraded shares of Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $19.59 price objective for the company. in a report on Wednesday, June 15th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 29th. Zacks Investment Research raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, September 20th. TheStreet raised shares of Kinder Morgan from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of Kinder Morgan in a report on Tuesday, July 12th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Kinder Morgan 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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