Millennium Management LLC Raises Position in Kinder Morgan Inc (KMI)
Millennium Management LLC increased its position in shares of Kinder Morgan Inc (NYSE:KMI) by 1,169.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,022,925 shares of the pipeline company’s stock after purchasing an additional 8,312,075 shares during the quarter. Millennium Management LLC’s holdings in Kinder Morgan were worth $138,773,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Kinder Morgan by 1.1% during the third quarter. Vanguard Group Inc. now owns 146,125,762 shares of the pipeline company’s stock worth $2,590,809,000 after buying an additional 1,648,894 shares during the last quarter. Vanguard Group Inc boosted its stake in Kinder Morgan by 1.1% during the third quarter. Vanguard Group Inc now owns 146,125,762 shares of the pipeline company’s stock worth $2,590,809,000 after buying an additional 1,648,894 shares during the last quarter. BlackRock Inc. boosted its stake in Kinder Morgan by 7.4% during the fourth quarter. BlackRock Inc. now owns 136,557,027 shares of the pipeline company’s stock worth $2,100,249,000 after buying an additional 9,360,355 shares during the last quarter. Franklin Resources Inc. boosted its stake in Kinder Morgan by 8.3% during the third quarter. Franklin Resources Inc. now owns 52,113,563 shares of the pipeline company’s stock worth $923,972,000 after buying an additional 3,976,516 shares during the last quarter. Finally, Tortoise Capital Advisors L.L.C. lifted its stake in shares of Kinder Morgan by 31.7% in the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 23,778,981 shares of the pipeline company’s stock valued at $365,721,000 after purchasing an additional 5,716,899 shares during the last quarter. Hedge funds and other institutional investors own 64.71% of the company’s stock.
In other Kinder Morgan news, Director Deborah Macdonald acquired 2,500 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average price of $19.89 per share, for a total transaction of $49,725.00. Following the acquisition, the director now owns 25,328 shares in the company, valued at approximately $503,773.92. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John W. Schlosser sold 54,100 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $19.63, for a total value of $1,061,983.00. Following the completion of the transaction, the vice president now owns 34,632 shares in the company, valued at approximately $679,826.16. The disclosure for this sale can be found here. In the last quarter, insiders bought 2,521,612 shares of company stock worth $47,637,339. Company insiders own 14.16% of the company’s stock.
NYSE KMI traded up $0.07 during trading hours on Tuesday, hitting $20.20. 65,073 shares of the company were exchanged, compared to its average volume of 16,700,306. Kinder Morgan Inc has a 52-week low of $14.62 and a 52-week high of $20.44. The company has a market cap of $44.41 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 2.69 and a beta of 0.96. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.76 and a quick ratio of 0.71.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 16th. The pipeline company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. Kinder Morgan had a return on equity of 5.86% and a net margin of 11.38%. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the business posted $0.21 EPS. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts anticipate that Kinder Morgan Inc will post 0.99 earnings per share for the current fiscal year.
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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 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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