Marshall Wace North America L.P. acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 283,766 shares of the pipeline company’s stock, valued at approximately $6,243,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in Kinder Morgan during the fourth quarter worth approximately $305,000. Miles Capital Inc. increased its stake in Kinder Morgan by 3.0% in the fourth quarter. Miles Capital Inc. now owns 64,931 shares of the pipeline company’s stock worth $1,345,000 after buying an additional 1,900 shares during the last quarter. Norges Bank purchased a new stake in Kinder Morgan during the fourth quarter worth approximately $365,669,000. Aristotle Capital Management LLC purchased a new stake in Kinder Morgan during the fourth quarter worth approximately $1,553,000. Finally, Elkhorn Investments LLC purchased a new stake in Kinder Morgan during the fourth quarter worth approximately $838,000. 57.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kinder Morgan, Inc. (NYSE:KMI) opened at 19.22 on Wednesday. The stock has a market capitalization of $42.91 billion, a P/E ratio of 63.64 and a beta of 0.63. The stock has a 50 day moving average price of $19.12 and a 200 day moving average price of $20.89. Kinder Morgan, Inc. has a 12 month low of $18.31 and a 12 month high of $23.36.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 19th. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.36 billion. Kinder Morgan had a return on equity of 4.62% and a net margin of 6.27%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. On average, analysts anticipate that Kinder Morgan, Inc. will post $0.66 EPS for the current fiscal year.
A number of analysts have commented on the company. Zacks Investment Research downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub upgraded Kinder Morgan from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Morgan Stanley reiterated an “overweight” rating and set a $25.00 target price on shares of Kinder Morgan in a research report on Monday, July 3rd. Royal Bank Of Canada decreased their target price on Kinder Morgan from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 27th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $23.00 target price on shares of Kinder Morgan in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.97.
In other Kinder Morgan news, VP Dax Sanders bought 2,600 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average price of $18.60 per share, with a total value of $48,360.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard D. Kinder bought 500,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average cost of $18.58 per share, with a total value of $9,290,000.00. Following the transaction, the insider now owns 234,712,353 shares of the company’s stock, valued at $4,360,955,518.74. The disclosure for this purchase can be found here. Insiders own 13.99% of the company’s stock.
Kinder Morgan Company Profile
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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