Thrivent Financial For Lutherans lowered its position in Kinder Morgan (NYSE:KMI) by 5.7% during the 4th quarter, HoldingsChannel reports. The fund owned 78,093 shares of the pipeline company’s stock after selling 4,702 shares during the period. Thrivent Financial For Lutherans’ holdings in Kinder Morgan were worth $1,411,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Renaissance Technologies LLC boosted its holdings in Kinder Morgan by 91.8% in the fourth quarter. Renaissance Technologies LLC now owns 3,173,831 shares of the pipeline company’s stock worth $57,351,000 after acquiring an additional 1,518,900 shares in the last quarter. MYDA Advisors LLC bought a new position in Kinder Morgan in the fourth quarter worth approximately $3,433,000. Wayne Hummer Investments L.L.C. boosted its holdings in Kinder Morgan by 375.1% in the fourth quarter. Wayne Hummer Investments L.L.C. now owns 83,329 shares of the pipeline company’s stock worth $1,506,000 after acquiring an additional 65,788 shares in the last quarter. Highlander Capital Management LLC boosted its holdings in Kinder Morgan by 189.2% in the fourth quarter. Highlander Capital Management LLC now owns 34,885 shares of the pipeline company’s stock worth $630,000 after acquiring an additional 22,823 shares in the last quarter. Finally, Snow Capital Management LP boosted its holdings in Kinder Morgan by 5.0% in the fourth quarter. Snow Capital Management LP now owns 2,938,340 shares of the pipeline company’s stock worth $53,096,000 after acquiring an additional 140,749 shares in the last quarter. Institutional investors and hedge funds own 62.55% of the company’s stock.

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Shares of Kinder Morgan stock opened at $15.91 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.37 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $34,436.70, a P/E ratio of 23.30, a P/E/G ratio of 1.59 and a beta of 0.62. Kinder Morgan has a 52-week low of $15.07 and a 52-week high of $21.92.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.52 billion. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. Kinder Morgan’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the business posted $0.08 earnings per share. research analysts anticipate that Kinder Morgan will post 0.85 EPS for the current fiscal year.

KMI has been the topic of several recent research reports. Credit Suisse Group set a $22.00 price target on Kinder Morgan and gave the stock a “buy” rating in a report on Monday, February 12th. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating in a report on Monday, January 29th. They noted that the move was a valuation call. Zacks Investment Research upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Tuesday, March 13th. UBS reiterated a “buy” rating and issued a $26.00 price target (down previously from $28.00) on shares of Kinder Morgan in a report on Friday, March 2nd. Finally, Bank of America upgraded Kinder Morgan from a “neutral” rating to a “buy” rating and increased their price target for the stock from $15.61 to $20.00 in a report on Wednesday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. Kinder Morgan currently has a consensus rating of “Hold” and a consensus price target of $22.37.

In other Kinder Morgan news, Director William A. Smith purchased 5,500 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was bought at an average cost of $19.52 per share, with a total value of $107,360.00. Following the completion of the transaction, the director now owns 14,587 shares of the company’s stock, valued at approximately $284,738.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 13.99% of the company’s stock.

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

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