Kinder Morgan Inc. (KMI) Position Raised by Atalanta Sosnoff Capital LLC
Atalanta Sosnoff Capital LLC increased its stake in shares of Kinder Morgan Inc. (NYSE:KMI) by 50.6% during the second quarter, Holdings Channel reports. The firm owned 110,970 shares of the company’s stock after buying an additional 37,305 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in Kinder Morgan were worth $2,078,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Court Place Advisors LLC increased its position in shares of Kinder Morgan by 10.9% in the second quarter. Court Place Advisors LLC now owns 22,346 shares of the company’s stock valued at $418,000 after buying an additional 2,200 shares in the last quarter. Rehmann Capital Advisory Group acquired a new position in shares of Kinder Morgan during the second quarter valued at about $411,000. Financial Architects Inc increased its position in shares of Kinder Morgan by 41.8% in the second quarter. Financial Architects Inc now owns 10,765 shares of the company’s stock valued at $201,000 after buying an additional 3,173 shares in the last quarter. Shell Asset Management Co. increased its position in shares of Kinder Morgan by 37.8% in the second quarter. Shell Asset Management Co. now owns 180,518 shares of the company’s stock valued at $3,379,000 after buying an additional 49,483 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Kinder Morgan by 16.6% in the second quarter. Daiwa Securities Group Inc. now owns 140,477 shares of the company’s stock valued at $3,279,000 after buying an additional 20,000 shares in the last quarter. 54.61% of the stock is owned by institutional investors.
Kinder Morgan Inc. (NYSE:KMI) traded up 1.19% during trading on Wednesday, hitting $22.14. 17,538,842 shares of the stock were exchanged. Kinder Morgan Inc. has a 12-month low of $11.20 and a 12-month high of $32.89. The stock has a 50 day moving average price of $21.62 and a 200-day moving average price of $19.20. The firm has a market capitalization of $49.42 billion, a PE ratio of 790.71 and a beta of 0.63.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same period in the prior year, the firm earned $0.16 earnings per share. Kinder Morgan’s revenue was down 9.2% compared to the same quarter last year. On average, equities research analysts anticipate that Kinder Morgan Inc. will post $0.67 earnings per share for the current fiscal year.
KMI has been the subject of several analyst reports. Zacks Investment Research upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Tuesday. Vetr upgraded Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $24.78 price objective for the company in a research report on Monday, September 12th. Deutsche Bank AG reiterated a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 29th. Morgan Stanley upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $23.00 to $24.00 in a research report on Thursday, August 18th. Finally, TheStreet upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $20.83.
About Kinder Morgan
Kinder Morgan, Inc (KMI) is an energy infrastructure company in North America. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Company’s Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.
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