Kinder Morgan Inc (NYSE:KMI) is Samson Capital Management LLC’s 8th Largest Position

Samson Capital Management LLC decreased its holdings in Kinder Morgan Inc (NYSE:KMI) by 88.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,034 shares of the pipeline company’s stock after selling 491,582 shares during the quarter. Kinder Morgan accounts for approximately 2.6% of Samson Capital Management LLC’s holdings, making the stock its 8th biggest position. Samson Capital Management LLC’s holdings in Kinder Morgan were worth $1,358,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Citizens Financial Group Inc RI raised its position in Kinder Morgan by 119.2% in the 1st quarter. Citizens Financial Group Inc RI now owns 1,256 shares of the pipeline company’s stock worth $25,000 after buying an additional 683 shares during the last quarter. AlphaMark Advisors LLC raised its position in Kinder Morgan by 106.7% in the 1st quarter. AlphaMark Advisors LLC now owns 1,550 shares of the pipeline company’s stock worth $31,000 after buying an additional 800 shares during the last quarter. SRS Capital Advisors Inc. purchased a new position in Kinder Morgan in the 2nd quarter worth about $32,000. Weaver Consulting Group purchased a new position in Kinder Morgan in the 1st quarter worth about $33,000. Finally, Bartlett & Co. LLC purchased a new position in Kinder Morgan in the 2nd quarter worth about $37,000. 61.74% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on KMI shares. Zacks Investment Research reissued a “buy” rating and issued a $23.00 target price on shares of Kinder Morgan in a research report on Saturday, June 29th. Raymond James downgraded Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 price target for the company. in a research note on Wednesday, June 26th. BMO Capital Markets downgraded Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 price target for the company. in a research note on Monday, July 29th. Argus downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Finally, Scotiabank initiated coverage on Kinder Morgan in a research note on Tuesday, September 3rd. They set a “sector perform” rating and a $23.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.91.

Shares of Kinder Morgan stock traded up $0.20 during trading hours on Monday, reaching $20.67. 17,154,025 shares of the stock traded hands, compared to its average volume of 11,066,825. The company has a 50 day moving average price of $20.28 and a 200 day moving average price of $20.23. The firm has a market capitalization of $47.27 billion, a price-to-earnings ratio of 23.22, a P/E/G ratio of 4.28 and a beta of 0.82. Kinder Morgan Inc has a one year low of $14.62 and a one year high of $21.50. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 0.96.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.59 billion. Kinder Morgan had a net margin of 16.50% and a return on equity of 6.23%. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Sell-side analysts anticipate that Kinder Morgan Inc will post 0.96 earnings per share for the current year.

In related news, insider Richard D. Kinder acquired 300,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average cost of $19.76 per share, for a total transaction of $5,928,000.00. Following the purchase, the insider now owns 241,879,496 shares in the company, valued at approximately $4,779,538,840.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Deborah Macdonald acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average price of $19.91 per share, with a total value of $99,550.00. Following the completion of the purchase, the director now owns 30,328 shares in the company, valued at approximately $603,830.48. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 705,000 shares of company stock valued at $14,007,550. 13.95% of the stock is currently owned by corporate insiders.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

Further Reading: What is the Stochastic Momentum Index (SMI)?

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

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