LS Investment Advisors LLC increased its position in shares of Kinder Morgan Inc. (NYSE:KMI) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,540 shares of the company’s stock after buying an additional 4,806 shares during the period. LS Investment Advisors LLC’s holdings in Kinder Morgan were worth $1,751,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in KMI. Wellington Management Group LLP increased its stake in Kinder Morgan by 50.1% in the first quarter. Wellington Management Group LLP now owns 6,333,502 shares of the company’s stock worth $113,117,000 after buying an additional 2,114,436 shares during the period. Harvest Fund Advisors LLC increased its stake in Kinder Morgan by 30.6% in the first quarter. Harvest Fund Advisors LLC now owns 5,144,965 shares of the company’s stock worth $91,889,000 after buying an additional 1,204,201 shares during the period. Private Asset Management Inc. increased its stake in Kinder Morgan by 5.3% in the second quarter. Private Asset Management Inc. now owns 506,113 shares of the company’s stock worth $9,474,000 after buying an additional 25,667 shares during the period. AXA increased its stake in Kinder Morgan by 6.9% in the first quarter. AXA now owns 323,106 shares of the company’s stock worth $5,771,000 after buying an additional 20,900 shares during the period. Finally, Silvercrest Asset Management Group LLC increased its stake in Kinder Morgan by 45.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 134,547 shares of the company’s stock worth $2,403,000 after buying an additional 41,763 shares during the period. 54.61% of the stock is currently owned by institutional investors and hedge funds.
Kinder Morgan Inc. (NYSE:KMI) traded down 1.86% during mid-day trading on Friday, reaching $21.68. 15,421,948 shares of the company traded hands. The stock has a market capitalization of $48.40 billion, a PE ratio of 774.29 and a beta of 0.69. The firm’s 50-day moving average is $22.07 and its 200 day moving average is $19.53. Kinder Morgan Inc. has a 52-week low of $11.20 and a 52-week high of $32.79.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.15 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 firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same period in the previous year, the business earned $0.16 earnings per share. Kinder Morgan’s revenue for the quarter was down 9.2% compared to the same quarter last year. On average, equities research analysts expect that Kinder Morgan Inc. will post $0.67 earnings per share for the current year.
KMI has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Monday, June 20th. Vetr raised shares of Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $19.69 price target on the stock in a research note on Monday, June 13th. Deutsche Bank AG reissued a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 29th. Finally, Barclays PLC lifted their price objective on shares of Kinder Morgan from $20.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, July 18th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Kinder Morgan has an average rating of “Hold” and a consensus target price of $21.35.
Kinder Morgan Company Profile
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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