Glenmede Trust Co. NA lowered its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 79.2% in the second quarter, HoldingsChannel.com reports. The fund owned 261,667 shares of the pipeline company’s stock after selling 998,384 shares during the quarter. Glenmede Trust Co. NA’s holdings in Kinder Morgan were worth $4,623,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Starr International Co. Inc. lifted its holdings in shares of Kinder Morgan by 36.0% in the 2nd quarter. Starr International Co. Inc. now owns 198,576 shares of the pipeline company’s stock worth $3,509,000 after buying an additional 52,599 shares during the period. Millennium Management LLC lifted its holdings in shares of Kinder Morgan by 81.4% in the 2nd quarter. Millennium Management LLC now owns 3,673,782 shares of the pipeline company’s stock worth $64,916,000 after buying an additional 1,648,737 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Kinder Morgan by 6.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,546,169 shares of the pipeline company’s stock worth $133,341,000 after buying an additional 442,152 shares during the period. Sunbelt Securities Inc. purchased a new stake in shares of Kinder Morgan in the 2nd quarter worth $988,000. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Kinder Morgan by 1,177.2% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,488,729 shares of the pipeline company’s stock worth $26,306,000 after buying an additional 1,372,163 shares during the period. Institutional investors and hedge funds own 60.30% of the company’s stock.

In related news, Director William A. Smith purchased 5,556 shares of Kinder Morgan stock in a transaction dated Thursday, July 26th. The stock was purchased at an average cost of $18.09 per share, with a total value of $100,508.04. Following the transaction, the director now owns 14,587 shares in the company, valued at approximately $263,878.83. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 14.16% of the company’s stock.

Several equities research analysts have weighed in on KMI shares. Wells Fargo & Co upgraded Kinder Morgan from a “market perform” rating to a “buy” rating in a report on Wednesday, June 20th. Sanford C. Bernstein upgraded Kinder Morgan from a “market perform” rating to an “outperform” rating in a report on Tuesday, June 26th. Raymond James upgraded Kinder Morgan from a “market perform” rating to an “outperform” rating in a report on Monday, June 18th. Stifel Nicolaus upped their target price on Kinder Morgan from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. Finally, Morgan Stanley lowered their target price on Kinder Morgan from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, May 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $20.89.

KMI opened at $17.88 on Wednesday. The firm has a market capitalization of $39.47 billion, a PE ratio of 22.65, a P/E/G ratio of 2.53 and a beta of 0.70. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.49 and a quick ratio of 0.41. Kinder Morgan Inc has a 12 month low of $14.69 and a 12 month high of $19.83.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 18th. The pipeline company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.42 billion. Kinder Morgan had a positive return on equity of 5.07% and a negative net margin of 1.82%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS. research analysts expect that Kinder Morgan Inc will post 0.83 earnings per share for the current year.

Kinder Morgan Profile

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

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

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