ING Groep NV increased its position in Kinder Morgan Inc. (NYSE:KMI) by 22.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,276 shares of the company’s stock after buying an additional 26,020 shares during the period. ING Groep NV’s holdings in Kinder Morgan were worth $2,626,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of KMI. Agran Libbie raised its position in Kinder Morgan by 9.6% in the second quarter. Agran Libbie now owns 241,973 shares of the company’s stock worth $4,530,000 after buying an additional 21,160 shares during the period. Alps Advisors Inc. raised its position in Kinder Morgan by 45.3% in the second quarter. Alps Advisors Inc. now owns 1,744,258 shares of the company’s stock worth $32,653,000 after buying an additional 543,748 shares during the period. First Dallas Securities Inc. raised its position in Kinder Morgan by 21.7% in the second quarter. First Dallas Securities Inc. now owns 62,388 shares of the company’s stock worth $1,168,000 after buying an additional 11,115 shares during the period. GW&K Investment Management LLC raised its position in Kinder Morgan by 6.6% in the second quarter. GW&K Investment Management LLC now owns 891,435 shares of the company’s stock worth $16,688,000 after buying an additional 55,463 shares during the period. Finally, Paradigm Financial Advisors LLC raised its position in Kinder Morgan by 1.1% in the second quarter. Paradigm Financial Advisors LLC now owns 81,698 shares of the company’s stock worth $1,529,000 after buying an additional 901 shares during the period. Hedge funds and other institutional investors own 54.61% of the company’s stock.
Kinder Morgan Inc. (NYSE:KMI) traded up 0.54% on Wednesday, hitting $22.38. The stock had a trading volume of 11,127,828 shares. The stock’s 50-day moving average is $22.09 and its 200-day moving average is $19.48. The company has a market cap of $49.96 billion, a P/E ratio of 799.29 and a beta of 0.69. Kinder Morgan Inc. has a 52-week low of $11.20 and a 52-week high of $32.89.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. The company earned $3.14 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period in the previous year, the business earned $0.16 earnings per share. The firm’s quarterly revenue was down 9.2% compared to the same quarter last year. Analysts expect that Kinder Morgan Inc. will post $0.67 earnings per share for the current year.
A number of equities analysts have commented on the company. Vetr upgraded Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $25.20 price objective on the stock in a research note on Tuesday. Stifel Nicolaus lowered Kinder Morgan from a “buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a research note on Tuesday. Zacks Investment Research raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, September 20th. Morgan Stanley raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $23.00 to $24.00 in a report on Thursday, August 18th. Finally, Credit Suisse Group AG set a $23.00 target price on Kinder Morgan and gave the company a “hold” rating in a report on Wednesday, July 20th. Twelve analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $21.19.
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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