Rehmann Capital Advisory Group Takes Position in Kinder Morgan Inc. (KMI)
Rehmann Capital Advisory Group bought a new stake in shares of Kinder Morgan Inc. (NYSE:KMI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,949 shares of the company’s stock, valued at approximately $411,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Stockman Asset Management increased its position in shares of Kinder Morgan by 0.5% in the first quarter. Stockman Asset Management now owns 14,525 shares of the company’s stock worth $259,000 after buying an additional 76 shares in the last quarter. Terra Nova Asset Management LLC increased its position in shares of Kinder Morgan by 1.1% in the first quarter. Terra Nova Asset Management LLC now owns 14,300 shares of the company’s stock worth $255,000 after buying an additional 150 shares in the last quarter. Trust Co. of Toledo NA OH increased its position in shares of Kinder Morgan by 2.6% in the second quarter. Trust Co. of Toledo NA OH now owns 11,797 shares of the company’s stock worth $221,000 after buying an additional 300 shares in the last quarter. Capital One National Association increased its position in shares of Kinder Morgan by 1.7% in the second quarter. Capital One National Association now owns 25,694 shares of the company’s stock worth $481,000 after buying an additional 425 shares in the last quarter. Finally, McQueen Ball & Associates Inc. increased its position in shares of Kinder Morgan by 0.7% in the first quarter. McQueen Ball & Associates Inc. now owns 61,161 shares of the company’s stock worth $1,092,000 after buying an additional 432 shares in the last quarter. 54.65% of the stock is owned by institutional investors.
Shares of Kinder Morgan Inc. (NYSE:KMI) traded up 2.00% on Monday, reaching $21.90. The company had a trading volume of 17,056,262 shares. Kinder Morgan Inc. has a 12 month low of $11.20 and a 12 month high of $32.89. The company has a market capitalization of $48.89 billion, a price-to-earnings ratio of 782.14 and a beta of 0.63. The stock has a 50 day moving average price of $21.48 and a 200-day moving average price of $19.15.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 20th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The company earned $3.14 billion during the quarter, compared to analyst estimates of $3.45 billion. Kinder Morgan had a return on equity of 4.82% and a net margin of 1.63%. The business’s revenue was down 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. Analysts forecast that Kinder Morgan Inc. will post $0.67 EPS for the current fiscal year.
KMI has been the subject of a number of analyst reports. Vetr raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $23.64 price objective for the company in a research report on Monday, September 5th. Morgan Stanley upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $23.00 to $24.00 in a research note on Thursday, August 18th. Deutsche Bank AG restated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 29th. TheStreet upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Finally, Credit Suisse Group AG restated a “hold” rating on shares of Kinder Morgan in a research note on Tuesday, July 12th. Twelve investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $20.58.
Kinder Morgan Company Profile
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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