Strategic Advisors LLC raised its holdings in Kinder Morgan Inc (NYSE:KMI) by 62.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,979 shares of the pipeline company’s stock after purchasing an additional 11,195 shares during the quarter. Strategic Advisors LLC’s holdings in Kinder Morgan were worth $580,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Webster Bank N. A. bought a new position in Kinder Morgan in the 1st quarter valued at $31,000. Intercontinental Wealth Advisors LLC bought a new stake in shares of Kinder Morgan during the fourth quarter worth $28,000. Cordasco Financial Network raised its position in shares of Kinder Morgan by 668.7% during the first quarter. Cordasco Financial Network now owns 1,868 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 1,625 shares during the last quarter. Cornerstone Advisors Inc. raised its position in shares of Kinder Morgan by 129.8% during the fourth quarter. Cornerstone Advisors Inc. now owns 1,896 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 1,071 shares during the last quarter. Finally, Bedel Financial Consulting Inc. raised its position in shares of Kinder Morgan by 573.6% during the fourth quarter. Bedel Financial Consulting Inc. now owns 1,987 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 1,692 shares during the last quarter. Hedge funds and other institutional investors own 64.72% of the company’s stock.
In other Kinder Morgan news, Chairman Richard D. Kinder bought 175,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was purchased at an average cost of $19.74 per share, with a total value of $3,454,500.00. Following the completion of the purchase, the chairman now owns 238,894,493 shares in the company, valued at $4,715,777,291.82. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Deborah Macdonald bought 2,500 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was acquired at an average cost of $19.89 per share, with a total value of $49,725.00. Following the completion of the purchase, the director now owns 25,328 shares of the company’s stock, valued at approximately $503,773.92. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 2,915,912 shares of company stock valued at $55,421,264. 13.95% of the stock is owned by insiders.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 16th. The pipeline company reported $0.25 EPS for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the previous year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. Analysts expect that Kinder Morgan Inc will post 1.01 EPS for the current fiscal year.
KMI has been the subject of a number of recent research reports. Citigroup downgraded Kinder Morgan from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research report on Wednesday, March 27th. Evercore ISI initiated coverage on Kinder Morgan in a research report on Tuesday, February 5th. They set an “outperform” rating for the company. Jefferies Financial Group downgraded Kinder Morgan from a “buy” rating to a “hold” rating and boosted their target price for the stock from $19.00 to $20.00 in a research report on Monday, April 1st. Zacks Investment Research downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Finally, ValuEngine upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Kinder Morgan currently has a consensus rating of “Buy” and a consensus target price of $21.32.
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Kinder Morgan 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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