American National Bank increased its holdings in Kinder Morgan Inc (NYSE:KMI) by 20.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 220,502 shares of the pipeline company’s stock after buying an additional 37,318 shares during the quarter. American National Bank’s holdings in Kinder Morgan were worth $4,412,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of KMI. Bank of New York Mellon Corp boosted its position in Kinder Morgan by 21.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 18,647,482 shares of the pipeline company’s stock worth $330,620,000 after purchasing an additional 3,314,778 shares in the last quarter. Virtu Financial LLC purchased a new stake in Kinder Morgan in the 3rd quarter worth approximately $300,000. Capital World Investors purchased a new stake in Kinder Morgan in the 3rd quarter worth approximately $103,969,000. BlueMountain Capital Management LLC boosted its position in Kinder Morgan by 2,807.7% in the 3rd quarter. BlueMountain Capital Management LLC now owns 182,224 shares of the pipeline company’s stock worth $3,231,000 after purchasing an additional 175,957 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in Kinder Morgan by 42.9% in the 3rd quarter. Pacer Advisors Inc. now owns 126,469 shares of the pipeline company’s stock worth $2,242,000 after purchasing an additional 37,958 shares in the last quarter. Institutional investors own 64.72% of the company’s stock.
In related news, Chairman Richard D. Kinder bought 100,000 shares of the business’s stock in a transaction on Thursday, January 31st. The stock was acquired at an average cost of $18.05 per share, with a total value of $1,805,000.00. Following the purchase, the chairman now directly owns 235,427,613 shares of the company’s stock, valued at $4,249,468,414.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 54,100 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $19.63, for a total value of $1,061,983.00. Following the completion of the sale, the vice president now directly owns 34,632 shares of the company’s stock, valued at $679,826.16. The disclosure for this sale can be found here. Insiders acquired a total of 2,915,912 shares of company stock worth $55,421,264 in the last 90 days. 13.95% of the stock is currently owned by insiders.
Several equities research analysts have commented on the company. Jefferies Financial Group lowered Kinder Morgan from a “buy” rating to a “hold” rating and upped their price objective for the stock from $19.00 to $20.00 in a research report on Monday, April 1st. Goldman Sachs Group lowered Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 target price on the stock. in a research report on Thursday, March 28th. Citigroup lowered Kinder Morgan from a “buy” rating to a “neutral” rating and set a $20.00 target price on the stock. in a research report on Wednesday, March 27th. JPMorgan Chase & Co. lowered Kinder Morgan from an “overweight” rating to a “neutral” rating and increased their target price for the company from $21.00 to $22.00 in a research report on Friday, March 22nd. Finally, Zacks Investment Research lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. One research 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. Kinder Morgan presently has a consensus rating of “Buy” and an average price target of $21.32.
Shares of NYSE:KMI opened at $19.82 on Monday. Kinder Morgan Inc has a 1 year low of $14.62 and a 1 year high of $20.44. The company has a market cap of $43.72 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 2.63 and a beta of 0.96. 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 announced its quarterly earnings data on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.79 billion. Kinder Morgan had a return on equity of 5.86% and a net margin of 11.38%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. Sell-side analysts expect that Kinder Morgan Inc will post 1.01 EPS for the current fiscal year.
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Kinder Morgan Company 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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