UMB Bank N A MO lowered its stake in Kinder Morgan Inc. (NYSE:KMI) by 12.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,435 shares of the company’s stock after selling 5,156 shares during the period. UMB Bank N A MO’s holdings in Kinder Morgan were worth $701,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Stelac Advisory Services LLC acquired a new position in shares of Kinder Morgan during the first quarter valued at approximately $110,000. Huntington Asset Advisors Inc. acquired a new position in shares of Kinder Morgan during the first quarter valued at approximately $111,000. LGL Partners LLC acquired a new position in shares of Kinder Morgan during the first quarter valued at approximately $196,000. Financial Architects Inc boosted 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 valued at $201,000 after buying an additional 3,173 shares during the last quarter. Finally, Trust Co acquired a new position in shares of Kinder Morgan during the first quarter valued at approximately $206,000. 54.61% of the stock is owned by institutional investors.
Kinder Morgan Inc. (NYSE:KMI) traded down 0.73% during trading on Monday, reaching $21.78. 11,506,778 shares of the company’s stock traded hands. The stock has a market cap of $48.62 billion, a price-to-earnings ratio of 777.86 and a beta of 0.63. Kinder Morgan Inc. has a 52-week low of $11.20 and a 52-week high of $32.89. The company’s 50 day moving average is $21.77 and its 200-day moving average is $19.27.
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 business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the prior year, the firm earned $0.16 earnings per share. The company’s revenue was down 9.2% compared to the same quarter last year. On average, analysts anticipate that Kinder Morgan Inc. will post $0.67 earnings per share for the current fiscal year.
Several research analysts recently commented on KMI shares. Vetr upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $23.64 target price for the company in a report on Monday, September 5th. Morgan Stanley upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $23.00 to $24.00 in a research note on Thursday, August 18th. Zacks Investment Research upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, September 20th. Deutsche Bank AG reiterated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 29th. Finally, TheStreet upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s 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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