Diversified Trust Co Purchases 5,616 Shares of Kinder Morgan Inc (NYSE:KMI)

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Diversified Trust Co lifted its position in Kinder Morgan Inc (NYSE:KMI) by 49.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,956 shares of the pipeline company’s stock after purchasing an additional 5,616 shares during the quarter. Diversified Trust Co’s holdings in Kinder Morgan were worth $349,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of KMI. SRS Capital Advisors Inc. bought a new stake in shares of Kinder Morgan in the second quarter worth about $32,000. Weaver Consulting Group bought a new stake in shares of Kinder Morgan in the first quarter worth about $33,000. River & Mercantile Asset Management LLP bought a new stake in shares of Kinder Morgan in the second quarter worth about $33,000. Bartlett & Co. LLC bought a new stake in shares of Kinder Morgan in the second quarter worth about $37,000. Finally, Meridian Wealth Management LLC bought a new stake in Kinder Morgan during the first quarter worth approximately $42,000. 61.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:KMI opened at $20.24 on Friday. Kinder Morgan Inc has a 1 year low of $14.62 and a 1 year high of $21.50. The business has a 50 day simple moving average of $20.39 and a two-hundred day simple moving average of $20.34. The firm has a market capitalization of $45.30 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 4.19 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.41 and a quick ratio of 0.33.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). Kinder Morgan had a net margin of 16.50% and a return on equity of 6.23%. The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter last year, the firm earned $0.20 EPS. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. Equities research analysts expect that Kinder Morgan Inc will post 0.96 EPS for the current fiscal year.

Several brokerages have weighed in on KMI. Wolfe Research raised Kinder Morgan from an “underperform” rating to a “peer perform” rating in a research note on Thursday, August 22nd. Stifel Nicolaus cut Kinder Morgan from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a research note on Monday, June 17th. Raymond James cut Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 price objective on the stock. in a research note on Wednesday, June 26th. ValuEngine cut Kinder Morgan from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, Scotiabank began coverage on Kinder Morgan in a research note on Tuesday, September 3rd. They set a “sector perform” rating and a $23.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. Kinder Morgan has an average rating of “Hold” and an average price target of $22.11.

In other news, insider Richard D. Kinder purchased 400,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average price of $19.95 per share, for a total transaction of $7,980,000.00. Following the completion of the acquisition, the insider now owns 241,579,496 shares of the company’s stock, valued at $4,819,510,945.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Dax Sanders sold 71,944 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $20.05, for a total value of $1,442,477.20. Following the completion of the sale, the vice president now owns 204,605 shares of the company’s stock, valued at approximately $4,102,330.25. The disclosure for this sale can be found here. Insiders purchased 705,000 shares of company stock valued at $14,007,550 in the last quarter. 13.95% of the stock is owned by company insiders.

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.

Further Reading: How does a security become overbought?

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

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