Wexford Capital LP Boosts Position in Kinder Morgan Inc (KMI)

Wexford Capital LP increased its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 114.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,159,447 shares of the pipeline company’s stock after buying an additional 617,808 shares during the period. Kinder Morgan comprises 2.1% of Wexford Capital LP’s portfolio, making the stock its 8th largest position. Wexford Capital LP’s holdings in Kinder Morgan were worth $25,206,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Moody Lynn & Lieberson LLC raised its position in Kinder Morgan by 0.3% in the first quarter. Moody Lynn & Lieberson LLC now owns 18,529 shares of the pipeline company’s stock valued at $403,000 after buying an additional 50 shares during the period. Sippican Capital Advisors raised its position in Kinder Morgan by 0.7% in the first quarter. Sippican Capital Advisors now owns 11,165 shares of the pipeline company’s stock valued at $243,000 after buying an additional 75 shares during the period. San Francisco Sentry Investment Group CA raised its position in Kinder Morgan by 0.8% in the first quarter. San Francisco Sentry Investment Group CA now owns 12,186 shares of the pipeline company’s stock valued at $265,000 after buying an additional 101 shares during the period. Chatham Capital Group Inc. raised its position in Kinder Morgan by 0.5% in the first quarter. Chatham Capital Group Inc. now owns 39,950 shares of the pipeline company’s stock valued at $869,000 after buying an additional 200 shares during the period. Finally, ProVise Management Group LLC raised its position in Kinder Morgan by 0.5% in the first quarter. ProVise Management Group LLC now owns 50,352 shares of the pipeline company’s stock valued at $1,095,000 after buying an additional 255 shares during the period. Institutional investors own 58.05% of the company’s stock.

Kinder Morgan Inc (KMI) opened at 19.17 on Monday. The firm has a market capitalization of $42.80 billion, a P/E ratio of 63.48 and a beta of 0.63. Kinder Morgan Inc has a one year low of $18.31 and a one year high of $23.36. The firm has a 50-day moving average price of $19.12 and a 200-day moving average price of $20.89.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 19th. The pipeline company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.01. Kinder Morgan had a net margin of 13.00% and a return on equity of 4.66%. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same quarter last year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts anticipate that Kinder Morgan Inc will post $0.66 earnings per share for the current year.

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Several equities analysts have issued reports on the company. Raymond James Financial, Inc. reiterated a “strong-buy” rating and issued a $23.00 target price (down previously from $27.00) on shares of Kinder Morgan in a research note on Tuesday, June 20th. TD Securities set a $26.00 price target on Kinder Morgan and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Wells Fargo & Company restated an “outperform” rating and set a $25.00 price target (down previously from $26.50) on shares of Kinder Morgan in a research note on Monday, May 15th. Vetr lowered Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $22.49 price target on the stock. in a research note on Monday, April 24th. Finally, Zacks Investment Research upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $23.97.

In related news, insider Richard D. Kinder bought 500,000 shares of the stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of $18.58 per share, for a total transaction of $9,290,000.00. Following the purchase, the insider now owns 234,712,353 shares of the company’s stock, valued at approximately $4,360,955,518.74. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Dax Sanders bought 2,600 shares of the stock in a transaction on Tuesday, May 30th. The stock was bought at an average price of $18.60 per share, for a total transaction of $48,360.00. The disclosure for this purchase can be found here. Company insiders own 13.99% of the company’s stock.

About Kinder Morgan

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

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