Private Advisor Group LLC Trims Position in Kinder Morgan Inc (NYSE:KMI)

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Private Advisor Group LLC lessened its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 205,781 shares of the pipeline company’s stock after selling 1,817 shares during the quarter. Private Advisor Group LLC’s holdings in Kinder Morgan were worth $4,280,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Centaurus Financial Inc. increased its holdings in Kinder Morgan by 866.1% in the 1st quarter. Centaurus Financial Inc. now owns 1,082 shares of the pipeline company’s stock valued at $54,000 after purchasing an additional 970 shares in the last quarter. Citizens Financial Group Inc RI increased its holdings in Kinder Morgan by 119.2% in the 1st quarter. Citizens Financial Group Inc RI now owns 1,256 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 683 shares in the last quarter. SRS Capital Advisors Inc. acquired a new stake in Kinder Morgan in the 2nd quarter valued at $32,000. AlphaMark Advisors LLC increased its holdings in Kinder Morgan by 106.7% in the 1st quarter. AlphaMark Advisors LLC now owns 1,550 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 800 shares in the last quarter. Finally, Weaver Consulting Group acquired a new stake in Kinder Morgan in the 1st quarter valued at $33,000. 61.74% of the stock is currently owned by institutional investors.

Shares of NYSE:KMI remained flat at $$20.67 on Thursday. 222,300 shares of the stock traded hands, compared to its average volume of 12,045,812. The firm’s 50 day moving average price is $20.26 and its 200 day moving average price is $20.27. Kinder Morgan Inc has a one year low of $14.62 and a one year high of $21.50. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.41 and a quick ratio of 0.33. The stock has a market capitalization of $46.79 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 4.33 and a beta of 0.82.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Kinder Morgan had a return on equity of 6.23% and a net margin of 16.50%. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the firm posted $0.20 EPS. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, equities analysts expect that Kinder Morgan Inc will post 0.96 EPS for the current year.

In related news, Director Deborah Macdonald acquired 5,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were bought at an average price of $19.91 per share, for a total transaction of $99,550.00. Following the acquisition, the director now owns 30,328 shares in the company, valued at approximately $603,830.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Dax Sanders sold 71,944 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $20.05, for a total transaction of $1,442,477.20. Following the transaction, the vice president now owns 204,605 shares in the company, valued at approximately $4,102,330.25. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 705,000 shares of company stock worth $14,007,550. Insiders own 13.95% of the company’s stock.

Several analysts recently issued reports on KMI shares. BMO Capital Markets downgraded Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 price target for the company. in a report on Monday, July 29th. Scotia Howard Weill started coverage on Kinder Morgan in a report on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 price target for the company. Raymond James downgraded Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 price target for the company. in a report on Wednesday, June 26th. Wolfe Research upgraded Kinder Morgan from an “underperform” rating to a “peer perform” rating in a report on Thursday, August 22nd. Finally, Scotiabank began coverage on Kinder Morgan in a report on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 price target for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.91.

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

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