Calamos Advisors LLC trimmed its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 1.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 542,384 shares of the pipeline company’s stock after selling 8,805 shares during the period. Calamos Advisors LLC’s holdings in Kinder Morgan were worth $11,482,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Simon Quick Advisors LLC raised its stake in shares of Kinder Morgan by 22.6% during the 4th quarter. Simon Quick Advisors LLC now owns 2,574 shares of the pipeline company’s stock worth $54,000 after buying an additional 474 shares during the period. Gilbert & Cook Inc. raised its stake in shares of Kinder Morgan by 4.8% during the 3rd quarter. Gilbert & Cook Inc. now owns 10,744 shares of the pipeline company’s stock worth $221,000 after buying an additional 494 shares during the period. Citizens Financial Group Inc RI raised its stake in shares of Kinder Morgan by 35.4% during the 3rd quarter. Citizens Financial Group Inc RI now owns 1,923 shares of the pipeline company’s stock worth $39,000 after buying an additional 503 shares during the period. Lantz Financial LLC raised its stake in Kinder Morgan by 0.6% in the 3rd quarter. Lantz Financial LLC now owns 78,779 shares of the pipeline company’s stock valued at $1,589,000 after purchasing an additional 504 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake in Kinder Morgan by 0.8% in the 3rd quarter. LS Investment Advisors LLC now owns 68,613 shares of the pipeline company’s stock valued at $1,414,000 after purchasing an additional 522 shares during the last quarter. 62.15% of the stock is owned by institutional investors and hedge funds.
In other Kinder Morgan news, VP Thomas A. Martin sold 20,733 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $20.65, for a total value of $428,136.45. Following the completion of the sale, the vice president now directly owns 908,974 shares of the company’s stock, valued at approximately $18,770,313.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard D. Kinder bought 300,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was bought at an average cost of $20.17 per share, with a total value of $6,051,000.00. Following the completion of the purchase, the chairman now directly owns 242,179,496 shares in the company, valued at $4,884,760,434.32. The disclosure for this purchase can be found here. Insiders acquired a total of 1,459,624 shares of company stock valued at $29,187,827 over the last ninety days. Corporate insiders own 13.95% of the company’s stock.
Several research analysts recently commented on the company. Citigroup downgraded Kinder Morgan from a “buy” rating to a “neutral” rating in a research note on Monday, January 6th. They noted that the move was a valuation call. Goldman Sachs Group downgraded Kinder Morgan from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research note on Thursday, October 24th. Barclays downgraded Kinder Morgan from an “overweight” rating to an “equal weight” rating and set a $23.00 price objective for the company. in a research note on Tuesday. Zacks Investment Research raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Tuesday, December 24th. Finally, Piper Jaffray Companies assumed coverage on Kinder Morgan in a research note on Wednesday, December 18th. They issued a “neutral” rating and a $23.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. Kinder Morgan presently has an average rating of “Hold” and an average target price of $21.92.
Shares of KMI opened at $21.41 on Thursday. Kinder Morgan Inc has a 52-week low of $16.93 and a 52-week high of $21.68. The company has a market capitalization of $48.61 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 4.39 and a beta of 0.80. The stock has a fifty day simple moving average of $20.64 and a two-hundred day simple moving average of $20.48. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.93.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Kinder Morgan had a return on equity of 6.25% and a net margin of 15.21%. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period last year, the business earned $0.21 earnings per share. The firm’s revenue was down 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Kinder Morgan Inc will post 0.96 earnings per share for the current fiscal year.
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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