KCM Investment Advisors LLC lowered its holdings in Kinder Morgan (NYSE:KMI) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,607 shares of the pipeline company’s stock after selling 37,110 shares during the period. KCM Investment Advisors LLC’s holdings in Kinder Morgan were worth $1,944,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in shares of Kinder Morgan by 2.6% in the fourth quarter. Franklin Resources Inc. now owns 41,606,868 shares of the pipeline company’s stock worth $752,033,000 after acquiring an additional 1,044,432 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Kinder Morgan by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 19,319,338 shares of the pipeline company’s stock worth $348,322,000 after acquiring an additional 513,245 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Kinder Morgan by 5.2% in the fourth quarter. Bank of New York Mellon Corp now owns 16,214,448 shares of the pipeline company’s stock worth $292,995,000 after acquiring an additional 800,229 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Kinder Morgan by 17.2% in the third quarter. Dimensional Fund Advisors LP now owns 13,950,108 shares of the pipeline company’s stock worth $267,575,000 after acquiring an additional 2,048,560 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. increased its position in shares of Kinder Morgan by 11.0% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 13,908,625 shares of the pipeline company’s stock worth $266,767,000 after acquiring an additional 1,373,610 shares in the last quarter. 62.55% of the stock is owned by institutional investors.
KMI has been the subject of several recent research reports. Credit Suisse Group set a $22.00 price objective on shares of Kinder Morgan and gave the stock a “buy” rating in a research 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 objective for the company in a research report on Tuesday, March 13th. UBS reissued a “buy” rating and issued a $26.00 price objective (down previously from $28.00) on shares of Kinder Morgan in a research report on Friday, March 2nd. Finally, Bank of America raised shares of Kinder Morgan from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $15.61 to $20.00 in a research report on Wednesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $22.37.
Shares of Kinder Morgan (NYSE KMI) opened at $15.54 on Friday. The firm has a market cap of $35,098.52, a price-to-earnings ratio of 1,554.00, a P/E/G ratio of 1.63 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. The company has a current ratio of 0.44, a quick ratio of 0.37 and a debt-to-equity ratio of 1.00.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.52 billion. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $0.08 EPS. equities analysts anticipate that Kinder Morgan will post 0.85 earnings per share for the current year.
In related news, Director William A. Smith acquired 5,500 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was bought at an average cost of $19.52 per share, with a total value of $107,360.00. Following the acquisition, the director now directly owns 14,587 shares in the company, valued at $284,738.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 13.99% of the stock is owned by company insiders.
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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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