Atlantic Trust Group LLC lessened its position in shares of Kinder Morgan Inc (NYSE:KMI) by 10.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,327,336 shares of the pipeline company’s stock after selling 1,157,291 shares during the quarter. Kinder Morgan comprises 0.9% of Atlantic Trust Group LLC’s portfolio, making the stock its 23rd biggest holding. Atlantic Trust Group LLC owned approximately 0.46% of Kinder Morgan worth $198,078,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Beach Investment Management LLC. boosted its holdings in shares of Kinder Morgan by 278.6% in the 2nd quarter. Beach Investment Management LLC. now owns 138,296 shares of the pipeline company’s stock worth $2,650,000 after purchasing an additional 101,766 shares during the period. Legal & General Group Plc raised its position in Kinder Morgan by 3.9% during the 2nd quarter. Legal & General Group Plc now owns 10,677,335 shares of the pipeline company’s stock valued at $204,577,000 after purchasing an additional 403,448 shares in the last quarter. Fernwood Investment Management LLC raised its position in Kinder Morgan by 1.6% during the 2nd quarter. Fernwood Investment Management LLC now owns 19,999 shares of the pipeline company’s stock valued at $383,000 after purchasing an additional 319 shares in the last quarter. Everett Harris & Co. CA raised its position in Kinder Morgan by 9.0% during the 2nd quarter. Everett Harris & Co. CA now owns 138,829 shares of the pipeline company’s stock valued at $2,660,000 after purchasing an additional 11,484 shares in the last quarter. Finally, Ballentine Partners LLC bought a new stake in Kinder Morgan during the 2nd quarter valued at $1,078,000. Institutional investors and hedge funds own 60.73% of the company’s stock.
In related news, VP Thomas A. Martin bought 3,000 shares of the stock in a transaction dated Tuesday, December 5th. The shares were purchased at an average price of $17.10 per share, for a total transaction of $51,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.99% of the stock is owned by corporate insiders.
KMI has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and set a $22.00 target price on shares of Kinder Morgan in a research report on Wednesday, November 15th. Credit Suisse Group began coverage on Kinder Morgan in a research report on Thursday, January 4th. They issued an “outperform” rating and a $23.00 price target for the company. Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Morgan Stanley reduced their price target on Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, November 17th. Finally, Wells Fargo & Co reissued a “market perform” rating on shares of Kinder Morgan in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.72.
Kinder Morgan Inc (NYSE KMI) traded up $0.32 during trading on Friday, reaching $19.52. The company’s stock had a trading volume of 16,108,200 shares, compared to its average volume of 14,720,000. Kinder Morgan Inc has a twelve month low of $16.68 and a twelve month high of $23.01. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.96. The stock has a market cap of $43,590.00, a P/E ratio of 34.86, a PEG ratio of 1.36 and a beta of 0.62.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.21 billion. During the same quarter in the prior year, the business earned ($0.10) earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year. analysts expect that Kinder Morgan Inc will post 0.65 EPS for the current fiscal year.
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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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