AXA decreased its stake in shares of Kinder Morgan (NYSE:KMI) by 72.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 98,140 shares of the pipeline company’s stock after selling 262,372 shares during the period. AXA’s holdings in Kinder Morgan were worth $1,774,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Mackenzie Financial Corp raised its stake in Kinder Morgan by 193.5% during the fourth quarter. Mackenzie Financial Corp now owns 8,456,050 shares of the pipeline company’s stock worth $152,801,000 after acquiring an additional 5,574,481 shares during the period. Maple Brown Abbott Ltd raised its stake in Kinder Morgan by 46.6% during the fourth quarter. Maple Brown Abbott Ltd now owns 6,772,088 shares of the pipeline company’s stock worth $122,372,000 after acquiring an additional 2,154,212 shares during the period. Dimensional Fund Advisors LP raised its stake in Kinder Morgan by 17.2% during the third quarter. Dimensional Fund Advisors LP now owns 13,950,108 shares of the pipeline company’s stock worth $267,575,000 after acquiring an additional 2,048,560 shares during the period. Cohen & Steers Inc. raised its stake in Kinder Morgan by 22.7% during the third quarter. Cohen & Steers Inc. now owns 9,743,540 shares of the pipeline company’s stock worth $186,881,000 after acquiring an additional 1,801,348 shares during the period. Finally, CDAM UK Ltd acquired a new stake in Kinder Morgan during the fourth quarter worth about $25,282,000. 62.60% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kinder Morgan stock traded down $0.01 on Thursday, hitting $15.34. The company had a trading volume of 16,914,295 shares, compared to its average volume of 17,055,234. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.37. The stock has a market capitalization of $34,436.70, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.59 and a beta of 0.64. Kinder Morgan has a 52 week low of $14.69 and a 52 week high of $21.85.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations 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 period last year, the firm posted $0.08 earnings per share. analysts forecast that Kinder Morgan will post 0.86 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on the stock. Mizuho set a $19.00 price objective on shares of Kinder Morgan and gave the stock a “hold” rating in a research note on Wednesday. Royal Bank of Canada dropped their price objective on shares of Kinder Morgan to $19.00 and set a “buy” rating on the stock in a research note on Tuesday. They noted that the move was a valuation call. Wells Fargo reiterated a “market perform” rating on shares of Kinder Morgan in a research note on Thursday, January 11th. JPMorgan Chase dropped their price objective on shares of Kinder Morgan from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Monday, February 12th. Finally, Credit Suisse Group initiated coverage on shares of Kinder Morgan in a research note on Thursday, January 4th. They set an “outperform” rating and a $23.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $22.07.
In related news, Director William A. Smith acquired 5,500 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was acquired at an average cost of $19.52 per share, for a total transaction of $107,360.00. Following the completion of the acquisition, the director now directly owns 14,587 shares of the company’s stock, valued at approximately $284,738.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 14.16% of the company’s stock.
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Kinder Morgan Company Profile
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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