Burke & Herbert Bank & Trust Co. raised its position in shares of Kinder Morgan Inc. (NYSE:KMI) by 9.3% during the second quarter, Holdings Channel reports. The institutional investor owned 11,759 shares of the company’s stock after buying an additional 1,000 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in Kinder Morgan were worth $220,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in KMI. Bessemer Group Inc. raised its position in Kinder Morgan by 65.8% in the first quarter. Bessemer Group Inc. now owns 46,283 shares of the company’s stock worth $826,000 after buying an additional 18,360 shares during the last quarter. Hikari Power Ltd bought a new stake in Kinder Morgan during the first quarter valued at about $1,765,000. Contrarius Investment Management Ltd bought a new stake in Kinder Morgan during the first quarter valued at about $32,951,000. NN Investment Partners Holdings N.V. bought a new stake in Kinder Morgan during the first quarter valued at about $3,938,000. Finally, BlackRock Japan Co. Ltd raised its stake in Kinder Morgan by 1.4% in the first quarter. BlackRock Japan Co. Ltd now owns 2,394,235 shares of the company’s stock valued at $42,761,000 after buying an additional 32,570 shares in the last quarter. Institutional investors and hedge funds own 54.61% of the company’s stock.
Kinder Morgan Inc. (NYSE:KMI) traded down 3.26% during mid-day trading on Tuesday, reaching $22.26. 12,860,899 shares of the company’s stock traded hands. The stock has a market cap of $49.69 billion, a P/E ratio of 795.00 and a beta of 0.69. Kinder Morgan Inc. has a 12 month low of $11.20 and a 12 month high of $32.89. The company has a 50 day moving average price of $22.05 and a 200-day moving average price of $19.44.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The company earned $3.14 billion during the quarter, compared to the consensus estimate of $3.45 billion. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS. On average, analysts anticipate that Kinder Morgan Inc. will post $0.67 EPS for the current year.
Several analysts have issued reports on the stock. Vetr lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $19.13 price target on the stock. in a research report on Wednesday, June 29th. Credit Suisse Group AG restated a “hold” rating on shares of Kinder Morgan in a research report on Tuesday, July 12th. Stifel Nicolaus lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $24.00 price target on the stock. in a research report on Tuesday. Finally, Zacks Investment Research upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Monday, June 20th. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Kinder Morgan presently has a consensus rating of “Hold” and a consensus price target of $21.12.
About Kinder Morgan
Kinder Morgan, Inc (KMI) is an energy infrastructure company in North America. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Company’s Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.
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