Smith Salley & Associates increased its position in Kinder Morgan Inc. (NYSE:KMI) by 8.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 445,317 shares of the company’s stock after buying an additional 33,530 shares during the period. Kinder Morgan makes up 1.9% of Smith Salley & Associates’ holdings, making the stock its 10th largest position. Smith Salley & Associates’ holdings in Kinder Morgan were worth $8,334,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. boosted its position in Kinder Morgan by 18.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 37,500 shares of the company’s stock worth $670,000 after buying an additional 5,810 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in shares of Kinder Morgan during the first quarter worth approximately $3,938,000. Bessemer Group Inc. boosted its stake in shares of 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. Huntington Asset Advisors Inc. acquired a new stake in shares of Kinder Morgan during the first quarter worth approximately $111,000. Finally, Aviva PLC boosted its stake in shares of Kinder Morgan by 3.5% in the first quarter. Aviva PLC now owns 969,604 shares of the company’s stock worth $17,317,000 after buying an additional 32,849 shares during the last quarter. 54.61% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kinder Morgan Inc. (NYSE:KMI) traded down 0.58% during mid-day trading on Friday, reaching $20.43. 7,618,275 shares of the company’s stock traded hands. The company has a market capitalization of $45.61 billion, a P/E ratio of 729.64 and a beta of 0.69. The firm has a 50-day moving average price of $21.94 and a 200-day moving average price of $19.59. Kinder Morgan Inc. has a 1-year low of $11.20 and a 1-year high of $32.79.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Kinder Morgan had a return on equity of 4.82% and a net margin of 1.63%. Kinder Morgan’s revenue was down 9.2% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. On average, equities research analysts forecast that Kinder Morgan Inc. will post $0.67 earnings per share for the current fiscal year.
KMI has been the topic of a number of research reports. Zacks Investment Research raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, September 20th. Wolfe Research initiated coverage on shares of Kinder Morgan in a research note on Friday, October 7th. They issued a “hold” rating and a $24.00 price objective on the stock. Vetr raised shares of Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $24.78 price objective on the stock in a research note on Monday, September 12th. Deutsche Bank AG reissued a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 29th. Finally, Morgan Stanley raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $23.00 to $24.00 in a research note on Thursday, August 18th. Thirteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average 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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