Kalos Management Inc. bought a new stake in Kinder Morgan Inc. (NYSE:KMI) during the second quarter, Holdings Channel reports. The firm bought 59,212 shares of the company’s stock, valued at approximately $1,108,000.
A number of other large investors also recently bought and sold shares of KMI. Los Angeles Capital Management & Equity Research Inc. raised its stake 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 valued at $670,000 after buying an additional 5,810 shares during the period. Canada Pension Plan Investment Board raised its stake in Kinder Morgan by 11.0% in the first quarter. Canada Pension Plan Investment Board now owns 202,327 shares of the company’s stock valued at $3,614,000 after buying an additional 20,100 shares during the period. 1832 Asset Management L.P. bought a new stake in Kinder Morgan during the first quarter valued at $748,000. OMERS ADMINISTRATION Corp bought a new stake in Kinder Morgan during the first quarter valued at $963,000. Finally, BB&T Securities LLC raised its stake in Kinder Morgan by 0.5% in the first quarter. BB&T Securities LLC now owns 341,077 shares of the company’s stock valued at $6,091,000 after buying an additional 1,571 shares during the period. Hedge funds and other institutional investors own 54.58% of the company’s stock.
Shares of Kinder Morgan Inc. (NYSE:KMI) traded up 2.18% during trading on Wednesday, hitting $20.62. The stock had a trading volume of 15,852,008 shares. Kinder Morgan Inc. has a one year low of $11.20 and a one year high of $32.20. The stock has a 50 day moving average price of $21.83 and a 200-day moving average price of $19.68. The stock has a market capitalization of $46.03 billion, a price-to-earnings ratio of 736.43 and a beta of 0.69.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The business earned $3.14 billion during 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%. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. On average, equities research analysts predict that Kinder Morgan Inc. will post $0.67 earnings per share for the current year.
KMI has been the topic of several recent analyst reports. Vetr downgraded Kinder Morgan from a “buy” rating to a “hold” rating and set a $18.82 price target on the stock. in a research report on Tuesday, June 21st. TheStreet raised Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Deutsche Bank AG reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 29th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Kinder Morgan in a research report on Tuesday, July 12th. Finally, Barclays PLC lifted their price target on Kinder Morgan from $20.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, July 18th. Thirteen research 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. The company has an average rating of “Hold” and a consensus price target of $21.35.
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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