Hoylecohen LLC acquired a new position in Kinder Morgan (NYSE:KMI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 238,683 shares of the pipeline company’s stock, valued at approximately $4,313,000.
Other large investors have also recently added to or reduced their stakes in the company. Welch Investments LLC acquired a new position in shares of Kinder Morgan in the third quarter valued at about $102,000. Valeo Financial Advisors LLC acquired a new position in shares of Kinder Morgan in the third quarter valued at about $104,000. CoreCommodity Management LLC acquired a new position in shares of Kinder Morgan in the fourth quarter valued at about $113,000. Sit Investment Associates Inc. increased its holdings in shares of Kinder Morgan by 237.1% in the fourth quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock valued at $122,000 after purchasing an additional 4,730 shares during the period. Finally, Cerebellum GP LLC acquired a new position in shares of Kinder Morgan in the fourth quarter valued at about $126,000. 62.57% of the stock is currently owned by institutional investors and hedge funds.
KMI has been the topic of a number of recent research reports. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating in a research note on Monday, January 29th. They noted that the move was a valuation call. Citigroup upgraded Kinder Morgan from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 27th. Bank of America began coverage on Kinder Morgan in a research report on Tuesday, January 9th. They issued a “neutral” rating on the stock. UBS restated a “buy” rating and issued a $26.00 target price (down previously from $28.00) on shares of Kinder Morgan in a research report on Friday, March 2nd. Finally, Morgan Stanley cut their price target on Kinder Morgan from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $22.37.
In other news, Director William A. Smith bought 5,500 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were acquired at an average price of $19.52 per share, for a total transaction of $107,360.00. Following the completion of the transaction, the director now owns 14,587 shares of the company’s stock, valued at $284,738.24. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 13.99% of the stock is currently owned by insiders.
NYSE:KMI opened at $15.17 on Friday. The firm has a market capitalization of $34,194.04, a P/E ratio of 22.98, a P/E/G ratio of 1.58 and a beta of 0.64. The company has a quick ratio of 0.37, a current ratio of 0.44 and a debt-to-equity ratio of 1.00. Kinder Morgan has a 12-month low of $14.69 and a 12-month high of $21.85.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.52 billion. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. Kinder Morgan’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 EPS. equities research analysts predict that Kinder Morgan will post 0.86 earnings per share for the current year.
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About Kinder Morgan
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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