Sentinel Trust Co. LBA lifted its holdings in Kinder Morgan (NYSE:KMI) by 91.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 313,150 shares of the pipeline company’s stock after purchasing an additional 149,775 shares during the period. Kinder Morgan makes up 1.2% of Sentinel Trust Co. LBA’s holdings, making the stock its 22nd biggest holding. Sentinel Trust Co. LBA’s holdings in Kinder Morgan were worth $5,659,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of KMI. Macquarie Group Ltd. increased its stake in Kinder Morgan by 1.1% in the 3rd quarter. Macquarie Group Ltd. now owns 6,676,184 shares of the pipeline company’s stock valued at $128,049,000 after buying an additional 71,980 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Kinder Morgan by 4.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 6,594,487 shares of the pipeline company’s stock worth $126,483,000 after buying an additional 268,913 shares in the last quarter. Mutual Advisors LLC purchased a new position in Kinder Morgan in the 4th quarter valued at about $224,000. Claar Advisors LLC lifted its holdings in Kinder Morgan by 3,026.4% in the 3rd quarter. Claar Advisors LLC now owns 541,967 shares of the pipeline company’s stock valued at $10,395,000 after purchasing an additional 524,632 shares in the last quarter. Finally, Ferris Capital LLC lifted its holdings in Kinder Morgan by 30.7% in the 4th quarter. Ferris Capital LLC now owns 22,583 shares of the pipeline company’s stock valued at $408,000 after purchasing an additional 5,299 shares in the last quarter. Institutional investors own 62.55% of the company’s stock.
In other news, Director William A. Smith purchased 5,500 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was acquired at an average cost of $19.52 per share, with a total value of $107,360.00. Following the acquisition, the director now owns 14,587 shares in the company, valued at approximately $284,738.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 13.99% of the company’s stock.
Kinder Morgan stock traded down $0.33 during midday trading on Thursday, reaching $15.58. The company had a trading volume of 9,169,308 shares, compared to its average volume of 16,864,932. The company has a quick ratio of 0.37, a current ratio of 0.44 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $34,436.70, a P/E ratio of 1,557.00, a PEG ratio of 1.59 and a beta of 0.62. Kinder Morgan has a fifty-two week low of $15.07 and a fifty-two week high of $21.92.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same period last year, the company earned $0.08 earnings per share. Kinder Morgan’s quarterly revenue was up 7.2% on a year-over-year basis. equities research analysts predict that Kinder Morgan will post 0.85 EPS for the current year.
KMI has been the topic of several recent analyst reports. Credit Suisse Group set a $22.00 price objective on shares of Kinder Morgan and gave the stock a “buy” rating in a report on Monday, February 12th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Tuesday, March 13th. UBS restated a “buy” rating and set a $26.00 price objective (down from $28.00) on shares of Kinder Morgan in a research note on Friday, March 2nd. Finally, Bank of America upgraded Kinder Morgan from a “neutral” rating to a “buy” rating and raised their target price for the company from $15.61 to $20.00 in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Kinder Morgan presently has a consensus rating of “Hold” and an average price target of $22.37.
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Kinder Morgan 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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