Stockman Asset Management raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 111.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,758 shares of the company’s stock after buying an additional 16,733 shares during the period. Stockman Asset Management’s holdings in Kinder Morgan were worth $735,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. raised its stake in shares of Kinder Morgan by 1.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 48,293,177 shares of the company’s stock valued at $904,048,000 after buying an additional 725,863 shares during the period. Cohen & Steers Inc. raised its stake in shares of Kinder Morgan by 247.5% in the second quarter. Cohen & Steers Inc. now owns 14,915,734 shares of the company’s stock valued at $336,051,000 after buying an additional 10,623,045 shares during the period. Brookfield Asset Management Inc. raised its stake in shares of Kinder Morgan by 164.4% in the second quarter. Brookfield Asset Management Inc. now owns 12,280,750 shares of the company’s stock valued at $229,896,000 after buying an additional 7,635,500 shares during the period. Atlantic Trust Group LLC raised its stake in shares of Kinder Morgan by 5.1% in the second quarter. Atlantic Trust Group LLC now owns 11,963,619 shares of the company’s stock valued at $223,960,000 after buying an additional 582,932 shares during the period. Finally, Cortland Advisers LLC raised its stake in shares of Kinder Morgan by 10.2% in the second quarter. Cortland Advisers LLC now owns 10,601,649 shares of the company’s stock valued at $198,463,000 after buying an additional 984,045 shares during the period. Institutional investors own 54.02% of the company’s stock.

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

Kinder Morgan, Inc. (NYSE:KMI) traded up 1.04% during midday trading on Friday, reaching $22.42. 16,135,560 shares of the company were exchanged. The stock’s market capitalization is $50.05 billion. The firm’s 50 day moving average price is $21.37 and its 200-day moving average price is $21.15. Kinder Morgan, Inc. has a 52 week low of $11.20 and a 52 week high of $23.36.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.25. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Kinder Morgan had a positive return on equity of 4.69% and a negative net margin of 1.13%. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter last year, the company earned $0.08 earnings per share. Equities analysts forecast that Kinder Morgan, Inc. will post $0.62 EPS for the current fiscal year.

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Several analysts recently issued reports on KMI shares. Wolfe Research upgraded shares of Kinder Morgan from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 20th. Zacks Investment Research upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, September 20th. BMO Capital Markets upgraded shares of Kinder Morgan from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $21.11 to $26.00 in a research report on Monday, October 24th. Vetr lowered shares of Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $23.96 price target for the company. in a research report on Thursday, November 10th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating on shares of Kinder Morgan in a research report on Sunday, October 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Kinder Morgan currently has a consensus rating of “Buy” and a consensus target price of $22.52.

In related news, Director Fayez Sarofim acquired 700,000 shares of the stock in a transaction dated Monday, October 24th. The stock was acquired at an average cost of $21.41 per share, with a total value of $14,987,000.00. Following the completion of the transaction, the director now owns 29,142,387 shares in the company, valued at approximately $623,938,505.67. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 13.97% of the company’s stock.

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.

5 Day Chart for NYSE:KMI

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