Kinder Morgan, Inc. (KMI) Position Maintained by KLCM Advisors Inc.
KLCM Advisors Inc. held its position in Kinder Morgan, Inc. (NYSE:KMI) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,066 shares of the pipeline company’s stock at the end of the 2nd quarter. KLCM Advisors Inc.’s holdings in Kinder Morgan were worth $193,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. CNH Partners LLC grew its position in shares of Kinder Morgan by 0.4% during the 2nd quarter. CNH Partners LLC now owns 27,467 shares of the pipeline company’s stock valued at $526,000 after acquiring an additional 100 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of Kinder Morgan by 30.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 23,659 shares of the pipeline company’s stock valued at $453,000 after acquiring an additional 5,470 shares during the period. Green Square Capital LLC grew its position in shares of Kinder Morgan by 10.7% during the 2nd quarter. Green Square Capital LLC now owns 29,898 shares of the pipeline company’s stock valued at $573,000 after acquiring an additional 2,884 shares during the period. Cornerstone Capital Management Holdings LLC. grew its position in shares of Kinder Morgan by 0.7% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 403,766 shares of the pipeline company’s stock valued at $7,735,000 after acquiring an additional 2,634 shares during the period. Finally, FTB Advisors Inc. grew its position in shares of Kinder Morgan by 104.9% during the 2nd quarter. FTB Advisors Inc. now owns 187,823 shares of the pipeline company’s stock valued at $3,621,000 after acquiring an additional 96,155 shares during the period. Hedge funds and other institutional investors own 59.13% of the company’s stock.
In other news, Director William A. Smith acquired 4,903 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average price of $20.24 per share, with a total value of $99,236.72. Following the completion of the purchase, the director now owns 14,587 shares of the company’s stock, valued at approximately $295,240.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 13.99% of the company’s stock.
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A number of research analysts recently weighed in on KMI shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $25.00 price target on shares of Kinder Morgan in a research note on Friday, July 14th. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and issued a $23.00 price target (down from $27.00) on shares of Kinder Morgan in a research note on Tuesday, June 20th. BidaskClub lowered shares of Kinder Morgan from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Mizuho started coverage on shares of Kinder Morgan in a research note on Thursday, July 27th. They issued a “neutral” rating and a $22.00 price target on the stock. Finally, TD Securities set a $26.00 price target on shares of Kinder Morgan and gave the company a “buy” rating in a research note on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.84.
Kinder Morgan, Inc. (KMI) traded down 0.42% during mid-day trading on Friday, hitting $19.02. 10,325,037 shares of the stock traded hands. The stock’s 50 day moving average is $19.20 and its 200-day moving average is $19.76. The company has a market cap of $42.48 billion, a price-to-earnings ratio of 62.77 and a beta of 0.65. Kinder Morgan, Inc. has a 12 month low of $18.23 and a 12 month high of $23.01.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 19th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Kinder Morgan had a net margin of 6.20% and a return on equity of 4.41%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post $0.64 EPS for the current year.
Kinder Morgan declared that its board has authorized a share buyback program on Wednesday, July 19th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the pipeline company to buy up to 4.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
Kinder Morgan Company Profile
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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