Livingston Group Asset Management CO operating as Southport Capital Management trimmed its position in shares of Kinder Morgan Inc (NYSE:KMI) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,384 shares of the pipeline company’s stock after selling 4,960 shares during the quarter. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Kinder Morgan were worth $1,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMI. Norges Bank bought a new position in shares of Kinder Morgan during the 4th quarter valued at $299,180,000. BlackRock Inc. raised its holdings in Kinder Morgan by 7.4% in the 4th quarter. BlackRock Inc. now owns 136,557,027 shares of the pipeline company’s stock worth $2,100,249,000 after purchasing an additional 9,360,355 shares during the period. Millennium Management LLC raised its holdings in Kinder Morgan by 1,169.3% in the 4th quarter. Millennium Management LLC now owns 9,022,925 shares of the pipeline company’s stock worth $138,773,000 after purchasing an additional 8,312,075 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Kinder Morgan by 1,497.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,112,727 shares of the pipeline company’s stock worth $462,000 after purchasing an additional 6,667,564 shares during the period. Finally, Tortoise Capital Advisors L.L.C. raised its holdings in Kinder Morgan by 31.7% in the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 23,778,981 shares of the pipeline company’s stock worth $365,721,000 after purchasing an additional 5,716,899 shares during the period. 64.93% of the stock is currently owned by hedge funds and other institutional investors.
In other Kinder Morgan news, Director Deborah Macdonald purchased 2,500 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was acquired at an average price of $19.89 per share, for a total transaction of $49,725.00. Following the purchase, the director now owns 25,328 shares of the company’s stock, valued at approximately $503,773.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard D. Kinder purchased 175,000 shares of the business’s stock in a transaction on Monday, April 15th. The stock was acquired at an average price of $19.75 per share, with a total value of $3,456,250.00. Following the purchase, the chairman now directly owns 239,069,693 shares in the company, valued at approximately $4,721,626,436.75. The disclosure for this purchase can be found here. Insiders acquired a total of 3,090,912 shares of company stock valued at $58,877,514 in the last quarter. 13.95% of the stock is currently owned by company insiders.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. Kinder Morgan had a return on equity of 5.86% and a net margin of 11.38%. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the prior year, the business posted $0.21 EPS. Kinder Morgan’s revenue for the quarter was up 4.1% compared to the same quarter last year. Equities analysts anticipate that Kinder Morgan Inc will post 1 earnings per share for the current fiscal year.
A number of equities analysts recently commented on the company. TheStreet raised Kinder Morgan from a “c” rating to a “b-” rating in a report on Wednesday, January 16th. JPMorgan Chase & Co. cut Kinder Morgan from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $21.00 to $22.00 in a report on Friday, March 22nd. Goldman Sachs Group cut Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 target price on the stock. in a report on Thursday, March 28th. Argus reaffirmed a “buy” rating and issued a $23.00 target price on shares of Kinder Morgan in a report on Tuesday, January 22nd. Finally, ValuEngine raised Kinder Morgan from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One equities 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. The stock currently has an average rating of “Buy” and a consensus target price of $21.32.
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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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