Rothschild Investment Corp IL Buys 4,200 Shares of Kinder Morgan Inc (NYSE:KMI)

Rothschild Investment Corp IL grew its stake in Kinder Morgan Inc (NYSE:KMI) by 6.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,201 shares of the pipeline company’s stock after purchasing an additional 4,200 shares during the quarter. Rothschild Investment Corp IL’s holdings in Kinder Morgan were worth $1,406,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of KMI. Baugh & Associates LLC increased its stake in shares of Kinder Morgan by 0.3% in the 2nd quarter. Baugh & Associates LLC now owns 189,197 shares of the pipeline company’s stock worth $3,950,000 after acquiring an additional 495 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in shares of Kinder Morgan by 2.7% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 18,851 shares of the pipeline company’s stock worth $394,000 after acquiring an additional 497 shares in the last quarter. Osborn Williams & Donohoe LLC increased its stake in shares of Kinder Morgan by 1.2% in the 2nd quarter. Osborn Williams & Donohoe LLC now owns 41,993 shares of the pipeline company’s stock worth $877,000 after acquiring an additional 500 shares in the last quarter. First Bank & Trust increased its stake in shares of Kinder Morgan by 10.7% in the 2nd quarter. First Bank & Trust now owns 5,229 shares of the pipeline company’s stock worth $109,000 after acquiring an additional 507 shares in the last quarter. Finally, WealthTrust Axiom LLC increased its stake in shares of Kinder Morgan by 1.1% in the 2nd quarter. WealthTrust Axiom LLC now owns 46,246 shares of the pipeline company’s stock worth $965,000 after acquiring an additional 516 shares in the last quarter. Institutional investors and hedge funds own 61.73% of the company’s stock.

NYSE:KMI opened at $20.23 on Friday. The firm has a market cap of $45.68 billion, a P/E ratio of 22.73, a P/E/G ratio of 4.23 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.33 and a current ratio of 0.41. Kinder Morgan Inc has a fifty-two week low of $14.62 and a fifty-two week high of $21.50. The firm has a 50-day simple moving average of $20.39 and a two-hundred day simple moving average of $20.34.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The company had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Kinder Morgan had a net margin of 16.50% and a return on equity of 6.23%. The business’s revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. On average, equities research analysts predict that Kinder Morgan Inc will post 0.96 EPS for the current year.

KMI has been the subject of a number of analyst reports. Raymond James lowered shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 price objective for the company. in a research note on Wednesday, June 26th. ValuEngine lowered shares of Kinder Morgan from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research restated a “buy” rating and set a $23.00 price objective on shares of Kinder Morgan in a research note on Saturday, June 29th. Scotia Howard Weill initiated coverage on shares of Kinder Morgan in a research note on Tuesday, September 3rd. They set a “sector perform” rating and a $23.00 price objective for the company. Finally, TD Securities initiated coverage on shares of Kinder Morgan in a research note on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price objective for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $22.05.

In related news, insider Richard D. Kinder purchased 400,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were purchased at an average price of $19.95 per share, with a total value of $7,980,000.00. Following the acquisition, the insider now directly owns 241,579,496 shares in the company, valued at approximately $4,819,510,945.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Dax Sanders sold 71,944 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $20.05, for a total transaction of $1,442,477.20. Following the sale, the vice president now directly owns 204,605 shares in the company, valued at approximately $4,102,330.25. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 705,000 shares of company stock worth $14,007,550. Insiders own 13.95% of the company’s stock.

About Kinder Morgan

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 can cause a stock to outperform?

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

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