NEXT Financial Group Inc Buys Shares of 12,007 Kinder Morgan (KMI)

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NEXT Financial Group Inc bought a new stake in shares of Kinder Morgan (NYSE:KMI) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 12,007 shares of the pipeline company’s stock, valued at approximately $181,000.

A number of other large investors also recently added to or reduced their stakes in KMI. CoreCommodity Management LLC acquired a new position in Kinder Morgan during the 4th quarter valued at $113,000. Ostrum Asset Management acquired a new position in Kinder Morgan during the 1st quarter valued at $121,000. BKS Advisors LLC acquired a new position in Kinder Morgan during the 1st quarter valued at $153,000. We Are One Seven LLC acquired a new position in Kinder Morgan during the 4th quarter valued at $156,000. Finally, Colonial Trust Advisors acquired a new position in Kinder Morgan during the 4th quarter valued at $181,000. Hedge funds and other institutional investors own 61.49% of the company’s stock.

KMI opened at $17.39 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.40 and a current ratio of 0.48. Kinder Morgan has a twelve month low of $14.69 and a twelve month high of $21.25. The stock has a market capitalization of $37.86 billion, a PE ratio of 26.35, a PEG ratio of 1.89 and a beta of 0.64.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 18th. The pipeline company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Kinder Morgan had a net margin of 1.95% and a return on equity of 4.57%. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the prior year, the firm earned $0.17 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. analysts expect that Kinder Morgan will post 0.87 earnings per share for the current year.

KMI has been the topic of several analyst reports. Wells Fargo & Co raised shares of Kinder Morgan from a “market perform” rating to a “buy” rating in a report on Wednesday. ValuEngine raised shares of Kinder Morgan from a “strong sell” rating to a “sell” rating in a report on Thursday. Raymond James raised shares of Kinder Morgan from a “market perform” rating to an “outperform” rating in a report on Monday, June 18th. Bank of America reissued a “buy” rating and issued a $16.17 price target (down previously from $20.00) on shares of Kinder Morgan in a report on Thursday, April 19th. Finally, Deutsche Bank initiated coverage on shares of Kinder Morgan in a report on Thursday, April 19th. They issued a “buy” rating and a $21.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $20.82.

Kinder Morgan 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.

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

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