Gofen & Glossberg LLC IL purchased a new position in Kinder Morgan Inc (NYSE:KMI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,327 shares of the pipeline company’s stock, valued at approximately $295,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Ingalls & Snyder LLC increased its position in Kinder Morgan by 12.3% in the second quarter. Ingalls & Snyder LLC now owns 114,793 shares of the pipeline company’s stock worth $2,397,000 after purchasing an additional 12,569 shares during the last quarter. Chesapeake Wealth Management bought a new stake in Kinder Morgan in the second quarter worth $810,000. Lee Financial Co increased its position in Kinder Morgan by 1.1% in the second quarter. Lee Financial Co now owns 75,678 shares of the pipeline company’s stock worth $1,580,000 after purchasing an additional 812 shares during the last quarter. Contravisory Investment Management Inc. increased its position in Kinder Morgan by 22.7% in the third quarter. Contravisory Investment Management Inc. now owns 4,128 shares of the pipeline company’s stock worth $85,000 after purchasing an additional 765 shares during the last quarter. Finally, Jennison Associates LLC increased its position in Kinder Morgan by 9.5% in the second quarter. Jennison Associates LLC now owns 3,091,779 shares of the pipeline company’s stock worth $64,556,000 after purchasing an additional 268,800 shares during the last quarter. Institutional investors own 61.73% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Scotiabank assumed coverage on shares of Kinder Morgan in a research report on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 price target on the stock. TD Securities began coverage on shares of Kinder Morgan in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price target on the stock. Stifel Nicolaus cut shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a research report on Monday, June 17th. BMO Capital Markets cut shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 price objective on the stock. in a research report on Monday, July 29th. Finally, Argus cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $22.05.
KMI stock opened at $20.23 on Friday. 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 Inc has a twelve month low of $14.62 and a twelve month high of $21.50. The stock has a market capitalization of $45.68 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 4.23 and a beta of 0.81. The firm’s fifty day simple moving average is $20.39 and its two-hundred day simple moving average is $20.34.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Kinder Morgan had a net margin of 16.50% and a return on equity of 6.23%. The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the firm earned $0.20 EPS. The company’s revenue was down 6.2% on a year-over-year basis. As a group, equities research analysts expect that Kinder Morgan Inc will post 0.96 EPS for the current year.
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: Technical Indicators – What is a Golden Cross?
Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.