WINTON GROUP Ltd Cuts Holdings in Kinder Morgan (KMI)

WINTON GROUP Ltd lessened its position in Kinder Morgan (NYSE:KMI) by 50.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,471 shares of the pipeline company’s stock after selling 12,557 shares during the period. WINTON GROUP Ltd’s holdings in Kinder Morgan were worth $225,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Welch Investments LLC purchased a new position in shares of Kinder Morgan during the third quarter valued at approximately $102,000. Valeo Financial Advisors LLC purchased a new stake in Kinder Morgan during the third quarter valued at approximately $104,000. Sit Investment Associates Inc. increased its holdings in Kinder Morgan by 237.1% during the fourth quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock valued at $122,000 after buying an additional 4,730 shares during the last quarter. Cerebellum GP LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at approximately $126,000. Finally, Goodman Financial Corp purchased a new stake in Kinder Morgan during the fourth quarter valued at approximately $126,000. Hedge funds and other institutional investors own 62.57% of the company’s stock.

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KMI has been the subject of a number of research reports. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating in a report on Monday, January 29th. They noted that the move was a valuation call. Citigroup raised shares of Kinder Morgan from a “neutral” rating to a “buy” rating in a research note on Tuesday, March 27th. Bank of America began coverage on shares of Kinder Morgan in a research note on Tuesday, January 9th. They issued a “neutral” rating for the company. UBS reissued a “buy” rating and issued a $26.00 price objective (down from $28.00) on shares of Kinder Morgan in a research note on Friday, March 2nd. Finally, Morgan Stanley reduced their price objective on shares of Kinder Morgan from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Kinder Morgan currently has an average rating of “Hold” and an average target price of $22.37.

KMI stock traded down $0.33 during trading on Friday, hitting $15.17. 10,589,112 shares of the company’s stock traded hands, compared to its average volume of 18,525,012. Kinder Morgan has a 52 week low of $14.69 and a 52 week high of $21.85. The company has a quick ratio of 0.37, a current ratio of 0.44 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $34,194.04, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 1.58 and a beta of 0.64.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.52 billion. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business earned $0.08 EPS. analysts anticipate that Kinder Morgan will post 0.86 EPS for the current year.

In other news, Director William A. Smith bought 5,500 shares of the stock in a transaction dated Monday, January 22nd. The stock was purchased at an average price of $19.52 per share, for a total transaction of $107,360.00. Following the acquisition, the director now owns 14,587 shares of the company’s stock, valued at $284,738.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 13.99% of the stock is currently owned by company insiders.

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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.

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

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