Mercer Global Advisors Inc. ADV acquired a new position in Kinder Morgan Inc (NYSE:KMI) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 55,149 shares of the pipeline company’s stock, valued at approximately $848,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Avestar Capital LLC boosted its position in Kinder Morgan by 83.5% in the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the pipeline company’s stock worth $27,000 after purchasing an additional 985 shares during the last quarter. Intercontinental Wealth Advisors LLC purchased a new position in Kinder Morgan in the fourth quarter worth about $28,000. Cornerstone Advisors Inc. boosted its position in Kinder Morgan by 129.8% in the fourth quarter. Cornerstone Advisors Inc. now owns 1,896 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 1,071 shares during the last quarter. Bedel Financial Consulting Inc. boosted its position in Kinder Morgan by 573.6% in the fourth quarter. Bedel Financial Consulting Inc. now owns 1,987 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 1,692 shares during the last quarter. Finally, Webster Bank N. A. purchased a new position in Kinder Morgan in the first quarter worth about $31,000. Institutional investors and hedge funds own 64.93% of the company’s stock.
Shares of KMI opened at $19.81 on Wednesday. The company has a market cap of $43.66 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 2.63 and a beta of 0.96. Kinder Morgan Inc has a 12-month low of $14.62 and a 12-month high of $20.44. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.71 and a current ratio of 0.76.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.79 billion. Kinder Morgan had a return on equity of 5.86% and a net margin of 11.38%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS. On average, equities analysts expect that Kinder Morgan Inc will post 1 EPS for the current year.
In other news, insider Richard D. Kinder acquired 400,000 shares of Kinder Morgan stock in a transaction on Thursday, February 7th. The shares were acquired at an average price of $17.99 per share, with a total value of $7,196,000.00. Following the purchase, the insider now directly owns 236,177,613 shares in the company, valued at approximately $4,248,835,257.87. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Richard D. Kinder acquired 175,000 shares of Kinder Morgan stock in a transaction on Monday, April 15th. The stock was purchased at an average cost of $19.75 per share, for a total transaction of $3,456,250.00. Following the purchase, the chairman now owns 239,069,693 shares in the company, valued at $4,721,626,436.75. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 3,090,912 shares of company stock worth $58,877,514. Corporate insiders own 13.95% of the company’s stock.
KMI has been the topic of several research reports. Zacks Investment Research cut Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. TheStreet raised Kinder Morgan from a “c” rating to a “b-” rating in a research report on Wednesday, January 16th. Evercore ISI began coverage on Kinder Morgan in a research report on Tuesday, February 5th. They set an “outperform” rating on the stock. Jefferies Financial Group raised Kinder Morgan from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. Finally, ValuEngine raised Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $21.32.
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Kinder Morgan 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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