Tortoise Investment Management LLC maintained its stake in Kinder Morgan, Inc. (NYSE:KMI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,005 shares of the pipeline company’s stock at the end of the first quarter. Tortoise Investment Management LLC’s holdings in Kinder Morgan were worth $978,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Moody Lynn & Lieberson LLC increased its stake in Kinder Morgan by 0.3% in the first quarter. Moody Lynn & Lieberson LLC now owns 18,529 shares of the pipeline company’s stock worth $403,000 after buying an additional 50 shares during the last quarter. Sippican Capital Advisors increased its stake in Kinder Morgan by 0.7% in the first quarter. Sippican Capital Advisors now owns 11,165 shares of the pipeline company’s stock worth $243,000 after buying an additional 75 shares during the last quarter. San Francisco Sentry Investment Group CA increased its stake in Kinder Morgan by 0.8% in the first quarter. San Francisco Sentry Investment Group CA now owns 12,186 shares of the pipeline company’s stock worth $265,000 after buying an additional 101 shares during the last quarter. Cim Investment Mangement Inc. increased its stake in Kinder Morgan by 1.2% in the fourth quarter. Cim Investment Mangement Inc. now owns 13,098 shares of the pipeline company’s stock worth $271,000 after buying an additional 156 shares during the last quarter. Finally, Boys Arnold & Co. Inc. increased its stake in Kinder Morgan by 1.1% in the first quarter. Boys Arnold & Co. Inc. now owns 25,124 shares of the pipeline company’s stock worth $546,000 after buying an additional 284 shares during the last quarter. Institutional investors and hedge funds own 58.05% of the company’s stock.

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

Kinder Morgan, Inc. (NYSE:KMI) opened at 19.19 on Friday. Kinder Morgan, Inc. has a 1-year low of $17.16 and a 1-year high of $23.36. The firm has a market cap of $42.84 billion, a price-to-earnings ratio of 63.54 and a beta of 0.59. The firm has a 50-day moving average of $19.49 and a 200 day moving average of $21.06.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 19th. The pipeline company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by $0.01. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.36 billion. Kinder Morgan had a return on equity of 4.62% and a net margin of 6.27%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.12 earnings per share. Analysts expect that Kinder Morgan, Inc. will post $0.67 earnings per share for the current fiscal year.

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A number of research firms recently commented on KMI. Wells Fargo & Company reiterated an “outperform” rating and issued a $25.00 target price (down from $26.50) on shares of Kinder Morgan in a report on Monday, May 15th. Vetr downgraded shares of Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $22.49 target price on the stock. in a report on Monday, April 24th. Zacks Investment Research upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Raymond James Financial, Inc. reiterated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, May 31st. Finally, Sanford C. Bernstein began coverage on shares of Kinder Morgan in a report on Tuesday, May 16th. They issued a “market perform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $23.82.

In related news, insider Richard D. Kinder bought 500,000 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were purchased at an average cost of $18.58 per share, for a total transaction of $9,290,000.00. Following the acquisition, the insider now owns 234,712,353 shares of the company’s stock, valued at approximately $4,360,955,518.74. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, VP Dax Sanders bought 2,600 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were bought at an average price of $18.60 per share, for a total transaction of $48,360.00. The disclosure for this purchase can be found here. Company insiders own 13.99% of the company’s stock.

About Kinder Morgan

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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