M Holdings Securities Inc. lifted its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 25.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,977 shares of the pipeline company’s stock after buying an additional 3,414 shares during the quarter. M Holdings Securities Inc.’s holdings in Kinder Morgan were worth $300,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. KBC Group NV increased its stake in Kinder Morgan by 3.9% in the 1st quarter. KBC Group NV now owns 165,869 shares of the pipeline company’s stock valued at $2,498,000 after buying an additional 6,237 shares during the period. Anchor Capital Advisors LLC acquired a new position in Kinder Morgan in the 1st quarter valued at $1,174,000. AMF Pensionsforsakring AB increased its stake in Kinder Morgan by 1.2% in the 1st quarter. AMF Pensionsforsakring AB now owns 2,152,526 shares of the pipeline company’s stock valued at $32,417,000 after buying an additional 25,325 shares during the period. Toronto Dominion Bank grew its stake in shares of Kinder Morgan by 65.0% during the 1st quarter. Toronto Dominion Bank now owns 1,030,412 shares of the pipeline company’s stock worth $15,515,000 after purchasing an additional 405,944 shares during the period. Finally, Financial Advantage Inc. grew its stake in shares of Kinder Morgan by 1.6% during the 1st quarter. Financial Advantage Inc. now owns 309,753 shares of the pipeline company’s stock worth $4,665,000 after purchasing an additional 4,728 shares during the period. Institutional investors and hedge funds own 60.34% of the company’s stock.
A number of equities analysts have recently weighed in on the stock. ValuEngine raised shares of Kinder Morgan from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Wells Fargo & Co raised shares of Kinder Morgan from a “market perform” rating to a “buy” rating in a research note on Wednesday, June 20th. US Capital Advisors reiterated a “buy” rating on shares of Kinder Morgan in a research report on Tuesday, July 17th. Credit Suisse Group started coverage on shares of Kinder Morgan in a research report on Thursday. They issued an “outperform” rating and a $23.00 price objective on the stock. Finally, Barclays set a $21.00 price objective on shares of Kinder Morgan and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $20.81.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 18th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Kinder Morgan had a negative net margin of 1.82% and a positive return on equity of 5.07%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter last year, the company earned $0.14 earnings per share. Kinder Morgan’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts anticipate that Kinder Morgan Inc will post 0.83 earnings per share for the current year.
In other news, Director William A. Smith acquired 5,556 shares of Kinder Morgan stock in a transaction that occurred on Thursday, July 26th. The shares were purchased at an average cost of $18.09 per share, for a total transaction of $100,508.04. Following the completion of the purchase, the director now directly owns 14,587 shares of the company’s stock, valued at approximately $263,878.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard D. Kinder bought 500,000 shares of the business’s stock in a transaction on Thursday, September 27th. The stock was bought at an average price of $17.55 per share, for a total transaction of $8,775,000.00. Following the completion of the purchase, the insider now directly owns 235,212,353 shares of the company’s stock, valued at approximately $4,127,976,795.15. The disclosure for this purchase can be found here. Company insiders own 14.16% of the company’s stock.
Kinder Morgan Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
Featured Article: What does EPS mean?
Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.