Marshall Wace LLP acquired a new stake in shares of Kinder Morgan Inc (NYSE:KMI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 19,015 shares of the pipeline company’s stock, valued at approximately $336,000.

Several other hedge funds and other institutional investors also recently modified their holdings of KMI. First Pacific Advisors LLC acquired a new position in Kinder Morgan during the first quarter worth about $246,833,000. Abrams Capital Management L.P. acquired a new position in Kinder Morgan during the first quarter worth about $127,598,000. Tortoise Capital Advisors L.L.C. grew its holdings in Kinder Morgan by 13.6% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 18,255,609 shares of the pipeline company’s stock worth $322,577,000 after acquiring an additional 2,186,054 shares during the period. Russell Investments Group Ltd. grew its holdings in Kinder Morgan by 26.2% during the first quarter. Russell Investments Group Ltd. now owns 9,532,519 shares of the pipeline company’s stock worth $143,410,000 after acquiring an additional 1,977,665 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Kinder Morgan during the second quarter worth about $34,301,000. 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 the company’s stock in a transaction that occurred on Thursday, July 26th. The shares were purchased at an average price of $18.09 per share, with a total value of $100,508.04. Following the purchase, the director now owns 14,587 shares of the company’s stock, valued at approximately $263,878.83. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 14.16% of the company’s stock.

A number of research firms recently issued reports on KMI. ValuEngine raised Kinder Morgan from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. Stifel Nicolaus lifted 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. JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. Citigroup lowered their target price on Kinder Morgan from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, July 20th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Thursday, July 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have assigned a buy rating to the company. Kinder Morgan currently has an average rating of “Buy” and an average price target of $20.89.

Shares of KMI opened at $17.89 on Tuesday. The stock has a market capitalization of $39.84 billion, a P/E ratio of 27.55, a P/E/G ratio of 2.55 and a beta of 0.70. Kinder Morgan Inc has a 1-year low of $14.69 and a 1-year high of $19.83. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.41 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 18th. The pipeline company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.42 billion. Kinder Morgan had a positive return on equity of 5.07% and a negative net margin of 1.82%. Kinder Morgan’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. equities analysts forecast that Kinder Morgan Inc will post 0.83 EPS for the current year.

Kinder Morgan Company 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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