Honkamp Krueger Financial Services Inc. trimmed its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,788 shares of the pipeline company’s stock after selling 487 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in Kinder Morgan were worth $292,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of KMI. Assenagon Asset Management S.A. raised its holdings in shares of Kinder Morgan by 4,335.4% during the third quarter. Assenagon Asset Management S.A. now owns 5,313,554 shares of the pipeline company’s stock worth $109,512,000 after purchasing an additional 5,193,754 shares during the period. Invesco Ltd. raised its holdings in shares of Kinder Morgan by 30.7% during the second quarter. Invesco Ltd. now owns 10,734,485 shares of the pipeline company’s stock worth $224,135,000 after purchasing an additional 2,521,149 shares during the period. Macquarie Group Ltd. raised its holdings in shares of Kinder Morgan by 254.6% during the second quarter. Macquarie Group Ltd. now owns 3,396,171 shares of the pipeline company’s stock worth $70,913,000 after purchasing an additional 2,438,336 shares during the period. Nan Shan Life Insurance Co. Ltd. raised its holdings in shares of Kinder Morgan by 419.1% during the third quarter. Nan Shan Life Insurance Co. Ltd. now owns 2,886,000 shares of the pipeline company’s stock worth $59,480,000 after purchasing an additional 2,330,000 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Kinder Morgan by 1.0% during the second quarter. Vanguard Group Inc. now owns 163,647,617 shares of the pipeline company’s stock worth $3,416,963,000 after purchasing an additional 1,577,219 shares during the period. 62.15% of the stock is currently owned by institutional investors.
A number of analysts have weighed in on KMI shares. ValuEngine raised shares of Kinder Morgan from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 8th. SunTrust Banks dropped their target price on shares of Kinder Morgan from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Piper Jaffray Companies started coverage on shares of Kinder Morgan in a report on Wednesday, December 18th. They set a “neutral” rating and a $23.00 target price on the stock. Zacks Investment Research raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, December 24th. Finally, Citigroup cut shares of Kinder Morgan from a “buy” rating to a “neutral” rating in a report on Monday, January 6th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.92.
KMI stock opened at $21.41 on Thursday. 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 Inc has a fifty-two week low of $16.93 and a fifty-two week high of $21.68. The firm’s 50-day simple moving average is $20.64 and its 200 day simple moving average is $20.48. The stock has a market cap of $48.61 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 4.39 and a beta of 0.80.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.02). Kinder Morgan had a return on equity of 6.25% and a net margin of 15.21%. The firm 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 EPS. The firm’s revenue was down 8.6% on a year-over-year basis. Equities analysts forecast that Kinder Morgan Inc will post 0.96 EPS for the current fiscal year.
In other news, Director Fayez Sarofim acquired 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of $20.10 per share, with a total value of $4,020,000.00. Following the acquisition, the director now directly owns 29,373,127 shares in the company, valued at $590,399,852.70. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Richard D. Kinder bought 300,000 shares of the stock in a transaction on Thursday, October 31st. The shares were bought at an average cost of $20.01 per share, for a total transaction of $6,003,000.00. Following the purchase, the chairman now owns 242,479,496 shares in the company, valued at approximately $4,852,014,714.96. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 1,459,624 shares of company stock worth $29,187,827. Corporate insiders own 13.95% of the company’s stock.
About Kinder Morgan
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.
See Also: What is an overbought condition?
Want to see what other hedge funds are holding KMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinder Morgan Inc (NYSE:KMI).
Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.