DNB Asset Management AS trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 45.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 165,034 shares of the pipeline company’s stock after selling 135,609 shares during the quarter. DNB Asset Management AS’s holdings in Kinder Morgan were worth $2,035,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in KMI. Blackstone Group Inc acquired a new stake in shares of Kinder Morgan during the second quarter valued at about $333,656,000. Brookfield Asset Management Inc. acquired a new stake in shares of Kinder Morgan during the second quarter valued at about $103,547,000. BlackRock Inc. boosted its stake in shares of Kinder Morgan by 3.5% during the second quarter. BlackRock Inc. now owns 150,991,478 shares of the pipeline company’s stock valued at $2,290,539,000 after purchasing an additional 5,062,445 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Kinder Morgan by 798.6% during the second quarter. AQR Capital Management LLC now owns 3,231,226 shares of the pipeline company’s stock valued at $47,337,000 after purchasing an additional 2,871,657 shares in the last quarter. Finally, Abrams Capital Management L.P. boosted its stake in shares of Kinder Morgan by 27.2% during the second quarter. Abrams Capital Management L.P. now owns 12,476,200 shares of the pipeline company’s stock valued at $189,264,000 after purchasing an additional 2,669,942 shares in the last quarter. 60.63% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director William A. Smith acquired 7,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were acquired at an average price of $13.96 per share, with a total value of $97,720.00. Following the acquisition, the director now owns 28,087 shares of the company’s stock, valued at approximately $392,094.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard D. Kinder acquired 373,233 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average cost of $14.09 per share, for a total transaction of $5,258,852.97. Following the acquisition, the chairman now directly owns 245,212,353 shares in the company, valued at approximately $3,455,042,053.77. The disclosure for this purchase can be found here. Insiders have purchased a total of 680,233 shares of company stock worth $9,598,573 in the last three months. 14.19% of the stock is currently owned by insiders.

Several analysts recently commented on KMI shares. Stifel Nicolaus reduced their target price on Kinder Morgan from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, August 10th. US Capital Advisors cut Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, August 14th. Piper Sandler reduced their target price on Kinder Morgan from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, October 9th. Morgan Stanley reduced their target price on Kinder Morgan from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, September 25th. Finally, ValuEngine cut Kinder Morgan from a “hold” rating to a “sell” rating in a report on Wednesday, September 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $17.75.

KMI stock opened at $12.86 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 0.48. The company has a market capitalization of $29.11 billion, a price-to-earnings ratio of 183.74, a PEG ratio of 4.87 and a beta of 0.96. Kinder Morgan, Inc. has a fifty-two week low of $9.42 and a fifty-two week high of $22.58. The stock has a fifty day moving average of $12.99 and a 200-day moving average of $14.40.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Kinder Morgan had a return on equity of 6.02% and a net margin of 1.41%. During the same quarter in the prior year, the firm posted $0.22 EPS. Equities analysts predict that Kinder Morgan, Inc. will post 0.88 EPS for the current year.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.

Featured Story: Example of operating income, EBIT and EBITDA

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

Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.