Terra Nova Asset Management LLC decreased its stake in Kinder Morgan Inc. (NYSE:KMI) by 0.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,285 shares of the company’s stock after selling 15 shares during the period. Terra Nova Asset Management LLC’s holdings in Kinder Morgan were worth $267,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in KMI. Nomura Asset Management Co. Ltd. boosted its position in shares of Kinder Morgan by 2.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 211,070 shares of the company’s stock valued at $3,149,000 after buying an additional 4,600 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Kinder Morgan by 706,750.0% in the first quarter. Acadian Asset Management LLC now owns 14,137 shares of the company’s stock valued at $252,000 after buying an additional 14,135 shares in the last quarter. McQueen Ball & Associates Inc. boosted 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 valued at $1,092,000 after buying an additional 432 shares in the last quarter. Traynor Capital Management Inc. boosted its position in shares of Kinder Morgan by 23.6% in the first quarter. Traynor Capital Management Inc. now owns 23,915 shares of the company’s stock valued at $427,000 after buying an additional 4,559 shares in the last quarter. Finally, Carl Domino Inc boosted its position in shares of Kinder Morgan by 6.2% in the first quarter. Carl Domino Inc now owns 87,965 shares of the company’s stock valued at $1,571,000 after buying an additional 5,130 shares in the last quarter. 54.61% of the stock is owned by institutional investors and hedge funds.

Shares of Kinder Morgan Inc. (NYSE:KMI) traded up 1.19% on Wednesday, hitting $22.14. The stock had a trading volume of 17,538,842 shares. The firm has a market capitalization of $49.42 billion, a price-to-earnings ratio of 790.71 and a beta of 0.63. The firm has a 50 day moving average of $21.55 and a 200-day moving average of $19.18. Kinder Morgan Inc. has a 1-year low of $11.20 and a 1-year high of $32.89.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Kinder Morgan had a return on equity of 4.82% and a net margin of 1.63%. Kinder Morgan’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period last year, the firm earned $0.16 earnings per share. Equities analysts predict that Kinder Morgan Inc. will post $0.67 earnings per share for the current year.

Several brokerages have weighed in on KMI. Vetr cut Kinder Morgan from a “buy” rating to a “hold” rating and set a $19.13 price objective for the company. in a report on Wednesday, June 29th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Kinder Morgan in a report on Tuesday, July 12th. Finally, Zacks Investment Research raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Monday, June 20th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Kinder Morgan presently has an average rating of “Hold” and a consensus price target 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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