Kinder Morgan, Inc. (KMI) Shares Sold by CI Investments Inc.

CI Investments Inc. lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 39.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,436,703 shares of the pipeline company’s stock after selling 2,226,021 shares during the quarter. CI Investments Inc. owned about 0.15% of Kinder Morgan worth $65,847,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in KMI. Heritage Trust Co boosted its position in Kinder Morgan by 457.7% during the 2nd quarter. Heritage Trust Co now owns 5,242 shares of the pipeline company’s stock worth $101,000 after acquiring an additional 4,302 shares during the period. Fiduciary Trust Co. acquired a new stake in shares of Kinder Morgan in the second quarter valued at $115,000. Parallel Advisors LLC lifted its holdings in shares of Kinder Morgan by 14.0% in the second quarter. Parallel Advisors LLC now owns 6,673 shares of the pipeline company’s stock valued at $136,000 after buying an additional 819 shares during the period. Trust Co. of Vermont lifted its holdings in shares of Kinder Morgan by 10.3% in the second quarter. Trust Co. of Vermont now owns 7,197 shares of the pipeline company’s stock valued at $138,000 after buying an additional 675 shares during the period. Finally, CWM LLC lifted its holdings in shares of Kinder Morgan by 770.5% in the second quarter. CWM LLC now owns 8,052 shares of the pipeline company’s stock valued at $154,000 after buying an additional 7,127 shares during the period. Institutional investors own 59.12% of the company’s stock.

Several analysts have recently weighed in on KMI shares. Wolfe Research lowered Kinder Morgan from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $26.00 to $21.00 in a report on Tuesday, May 30th. Zacks Investment Research downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a report on Wednesday, May 31st. Raymond James Financial, Inc. reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Wednesday, May 31st. TD Securities set a $26.00 target price on Kinder Morgan and gave the company a “buy” rating in a report on Tuesday, June 20th. Finally, BMO Capital Markets set a $26.00 target price on Kinder Morgan and gave the company a “buy” rating in a report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Kinder Morgan has a consensus rating of “Buy” and an average target price of $23.84.

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In other Kinder Morgan news, Director William A. Smith acquired 4,903 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average cost of $20.24 per share, for a total transaction of $99,236.72. Following the purchase, the director now owns 14,587 shares of the company’s stock, valued at $295,240.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.99% of the stock is currently owned by insiders.

Kinder Morgan, Inc. (KMI) opened at 19.27 on Friday. Kinder Morgan, Inc. has a 12 month low of $18.23 and a 12 month high of $23.36. The firm has a 50-day moving average price of $19.31 and a 200 day moving average price of $19.94. The firm has a market capitalization of $43.03 billion, a price-to-earnings ratio of 63.60 and a beta of 0.65.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 19th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Kinder Morgan had a return on equity of 4.41% and a net margin of 6.20%. The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the previous year, the business earned $0.15 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities analysts forecast that Kinder Morgan, Inc. will post $0.64 EPS for the current year.

Kinder Morgan declared that its board has authorized a share repurchase plan on Wednesday, July 19th that allows the company to repurchase $2.00 billion in shares. This repur

A number of other hedge funds have also made changes to their positions in KMI. Heritage Trust Co boosted its position in Kinder Morgan by 457.7% during the 2nd quarter. Heritage Trust Co now owns 5,242 shares of the pipeline company’s stock worth $101,000 after acquiring an additional 4,302 shares during the period. Fiduciary Trust Co. acquired a new stake in shares of Kinder Morgan in the second quarter valued at $115,000. Parallel Advisors LLC lifted its holdings in shares of Kinder Morgan by 14.0% in the second quarter. Parallel Advisors LLC now owns 6,673 shares of the pipeline company’s stock valued at $136,000 after buying an additional 819 shares during the period. Trust Co. of Vermont lifted its holdings in shares of Kinder Morgan by 10.3% in the second quarter. Trust Co. of Vermont now owns 7,197 shares of the pipeline company’s stock valued at $138,000 after buying an additional 675 shares during the period. Finally, CWM LLC lifted its holdings in shares of Kinder Morgan by 770.5% in the second quarter. CWM LLC now owns 8,052 shares of the pipeline company’s stock valued at $154,000 after buying an additional 7,127 shares during the period. Institutional investors own 59.12% of the company’s stock.

Several analysts have recently weighed in on KMI shares. Wolfe Research lowered Kinder Morgan from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $26.00 to $21.00 in a report on Tuesday, May 30th. Zacks Investment Research downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a report on Wednesday, May 31st. Raymond James Financial, Inc. reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Wednesday, May 31st. TD Securities set a $26.00 target price on Kinder Morgan and gave the company a “buy” rating in a report on Tuesday, June 20th. Finally, BMO Capital Markets set a $26.00 target price on Kinder Morgan and gave the company a “buy” rating in a report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Kinder Morgan has a consensus rating of “Buy” and an average target price of $23.84.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/09/23/kinder-morgan-inc-kmi-shares-sold-by-ci-investments-inc.html.

In other Kinder Morgan news, Director William A. Smith acquired 4,903 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average cost of $20.24 per share, for a total transaction of $99,236.72. Following the purchase, the director now owns 14,587 shares of the company’s stock, valued at $295,240.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.99% of the stock is currently owned by insiders.

Kinder Morgan, Inc. (KMI) opened at 19.27 on Friday. Kinder Morgan, Inc. has a 12 month low of $18.23 and a 12 month high of $23.36. The firm has a 50-day moving average price of $19.31 and a 200 day moving average price of $19.94. The firm has a market capitalization of $43.03 billion, a price-to-earnings ratio of 63.60 and a beta of 0.65.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 19th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Kinder Morgan had a return on equity of 4.41% and a net margin of 6.20%. The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the previous year, the business earned $0.15 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities analysts forecast that Kinder Morgan, Inc. will post $0.64 EPS for the current year.

Kinder Morgan declared that its board has authorized a share repurchase plan on Wednesday, July 19th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the pipeline company to purchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

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.

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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