Gradient Investments LLC raised its position in shares of Kinder Morgan Inc (NYSE:KMI) by 20.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,474 shares of the pipeline company’s stock after acquiring an additional 1,792 shares during the quarter. Gradient Investments LLC’s holdings in Kinder Morgan were worth $216,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of KMI. Clearbridge Investments LLC boosted its position in Kinder Morgan by 54.6% during the 1st quarter. Clearbridge Investments LLC now owns 29,164,247 shares of the pipeline company’s stock valued at $583,577,000 after acquiring an additional 10,302,503 shares in the last quarter. Charles Schwab Investment Advisory Inc. boosted its position in Kinder Morgan by 85.4% during the 2nd quarter. Charles Schwab Investment Advisory Inc. now owns 12,328,127 shares of the pipeline company’s stock valued at $257,411,000 after acquiring an additional 5,679,805 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Kinder Morgan during the 2nd quarter valued at approximately $58,636,000. Invesco Ltd. boosted its position in Kinder Morgan by 30.7% during the 2nd quarter. Invesco Ltd. now owns 10,734,485 shares of the pipeline company’s stock valued at $224,135,000 after acquiring an additional 2,521,149 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in Kinder Morgan by 254.6% during the 2nd quarter. Macquarie Group Ltd. now owns 3,396,171 shares of the pipeline company’s stock valued at $70,913,000 after acquiring an additional 2,438,336 shares in the last quarter. 61.73% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Deborah Macdonald acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was bought at an average cost of $19.91 per share, for a total transaction of $99,550.00. Following the acquisition, the director now directly owns 30,328 shares in the company, valued at $603,830.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Dax Sanders sold 71,944 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $20.05, for a total transaction of $1,442,477.20. Following the completion of the transaction, the vice president now owns 204,605 shares of the company’s stock, valued at $4,102,330.25. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 705,000 shares of company stock valued at $14,007,550. 13.95% of the stock is owned by company insiders.
Shares of KMI 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. The business’s 50 day moving average price is $20.39 and its 200-day moving average price is $20.34. Kinder Morgan Inc has a 52 week low of $14.62 and a 52 week high of $21.50. The stock has a market cap of $45.68 billion, a P/E ratio of 21.70, a P/E/G ratio of 4.23 and a beta of 0.81.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Kinder Morgan had a return on equity of 6.23% and a net margin of 16.50%. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the firm earned $0.20 earnings per share. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, equities analysts anticipate that Kinder Morgan Inc will post 0.96 EPS for the current year.
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.
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