Cascade Investment Advisors Inc. acquired a new stake in shares of Kinder Morgan Inc (NYSE:KMI) during the first quarter, Holdings Channel reports. The firm acquired 32,765 shares of the pipeline company’s stock, valued at approximately $656,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. W.E. Donoghue & Co. LLC bought a new stake in shares of Kinder Morgan during the first quarter valued at approximately $2,694,000. Shorepoint Capital Partners LLC acquired a new stake in Kinder Morgan in the 1st quarter valued at $2,001,000. Narwhal Capital Management boosted its stake in Kinder Morgan by 4.5% in the 1st quarter. Narwhal Capital Management now owns 149,397 shares of the pipeline company’s stock valued at $2,989,000 after buying an additional 6,395 shares in the last quarter. Sabal Trust CO acquired a new stake in Kinder Morgan in the 1st quarter valued at $25,141,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Kinder Morgan in the 1st quarter valued at $848,000. Institutional investors and hedge funds own 64.72% of the company’s stock.
Kinder Morgan stock opened at $19.82 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $43.72 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 2.63 and a beta of 0.96. Kinder Morgan Inc has a 52 week low of $14.62 and a 52 week high of $20.44.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 16th. The pipeline company reported $0.25 EPS for the quarter, hitting 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 business’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. Research analysts anticipate that Kinder Morgan Inc will post 1.01 earnings per share for the current year.
In other news, VP John W. Schlosser sold 54,100 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $19.63, for a total transaction of $1,061,983.00. Following the transaction, the vice president now owns 34,632 shares of the company’s stock, valued at $679,826.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Deborah Macdonald purchased 2,500 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average cost of $19.89 per share, for a total transaction of $49,725.00. Following the purchase, the director now directly owns 25,328 shares of the company’s stock, valued at $503,773.92. The disclosure for this purchase can be found here. In the last three months, insiders acquired 2,915,912 shares of company stock worth $55,421,264. Insiders own 13.95% of the company’s stock.
Several analysts recently commented on the company. TheStreet raised Kinder Morgan from a “c” rating to a “b-” rating in a research note on Wednesday, January 16th. JPMorgan Chase & Co. lowered Kinder Morgan from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $21.00 to $22.00 in a research note on Friday, March 22nd. Goldman Sachs Group lowered Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 price target on the stock. in a research note on Thursday, March 28th. Argus reaffirmed a “buy” rating and issued a $23.00 price target on shares of Kinder Morgan in a research note on Tuesday, January 22nd. Finally, ValuEngine raised Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $21.32.
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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.
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