Kinder Morgan Inc (KMI) is Spirit of America Management Corp NY’s 4th Largest Position

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Spirit of America Management Corp NY lowered its position in Kinder Morgan Inc (NYSE:KMI) by 1.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,034,712 shares of the pipeline company’s stock after selling 12,500 shares during the quarter. Kinder Morgan comprises about 3.0% of Spirit of America Management Corp NY’s holdings, making the stock its 4th biggest holding. Spirit of America Management Corp NY’s holdings in Kinder Morgan were worth $20,705,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Capital Investment Advisors LLC lifted its position in shares of Kinder Morgan by 0.6% during the first quarter. Capital Investment Advisors LLC now owns 92,693 shares of the pipeline company’s stock worth $1,855,000 after purchasing an additional 543 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Kinder Morgan by 1.7% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 32,473 shares of the pipeline company’s stock worth $499,000 after purchasing an additional 554 shares in the last quarter. We Are One Seven LLC lifted its position in shares of Kinder Morgan by 5.2% during the first quarter. We Are One Seven LLC now owns 11,543 shares of the pipeline company’s stock worth $230,000 after purchasing an additional 570 shares in the last quarter. Exencial Wealth Advisors LLC lifted its position in shares of Kinder Morgan by 5.9% during the fourth quarter. Exencial Wealth Advisors LLC now owns 12,428 shares of the pipeline company’s stock worth $191,000 after purchasing an additional 690 shares in the last quarter. Finally, Ropes Wealth Advisors LLC lifted its position in shares of Kinder Morgan by 4.3% during the fourth quarter. Ropes Wealth Advisors LLC now owns 17,490 shares of the pipeline company’s stock worth $269,000 after purchasing an additional 717 shares in the last quarter. 64.93% of the stock is owned by hedge funds and other institutional investors.

NYSE:KMI traded down $0.06 during mid-day trading on Wednesday, hitting $19.75. The stock had a trading volume of 3,425,588 shares, compared to its average volume of 13,398,857. The stock has a market cap of $43.70 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.63 and a beta of 0.96. Kinder Morgan Inc has a twelve month low of $14.62 and a twelve month high of $20.44. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 0.98.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Kinder Morgan had a net margin of 11.38% and a return on equity of 5.86%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. On average, equities analysts anticipate that Kinder Morgan Inc will post 1 EPS for the current year.

In related news, Chairman Richard D. Kinder acquired 100,000 shares of the business’s stock in a transaction on Thursday, January 31st. The shares were bought at an average price of $18.05 per share, with a total value of $1,805,000.00. Following the completion of the acquisition, the chairman now owns 235,427,613 shares in the company, valued at $4,249,468,414.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard D. Kinder acquired 50,000 shares of the business’s stock in a transaction on Tuesday, January 29th. The shares were bought at an average cost of $17.92 per share, for a total transaction of $896,000.00. Following the acquisition, the insider now owns 235,262,353 shares of the company’s stock, valued at approximately $4,215,901,365.76. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 3,090,912 shares of company stock worth $58,877,514. 13.95% of the stock is owned by corporate insiders.

Several analysts have recently issued reports on KMI shares. TheStreet raised shares of Kinder Morgan from a “c” rating to a “b-” rating in a research report on Wednesday, January 16th. Zacks Investment Research raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Wednesday, March 13th. Goldman Sachs Group cut shares of Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 price target on the stock. in a research report on Thursday, March 28th. Jefferies Financial Group raised shares of Kinder Morgan from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. Finally, Argus reissued a “buy” rating and set a $23.00 price target on shares of Kinder Morgan in a research report on Tuesday, January 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $21.32.

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Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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