Stonehage Fleming Financial Services Holdings Ltd Makes New Investment in Kinder Morgan Inc (NYSE:KMI)

Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Kinder Morgan Inc (NYSE:KMI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 54,477 shares of the pipeline company’s stock, valued at approximately $1,137,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. SRS Capital Advisors Inc. bought a new position in shares of Kinder Morgan in the 2nd quarter worth about $32,000. Weaver Consulting Group bought a new position in shares of Kinder Morgan in the 1st quarter worth about $33,000. River & Mercantile Asset Management LLP bought a new position in shares of Kinder Morgan in the 2nd quarter worth about $33,000. Bartlett & Co. LLC bought a new position in shares of Kinder Morgan in the 2nd quarter worth about $37,000. Finally, Meridian Wealth Management LLC bought a new position in shares of Kinder Morgan in the 1st quarter worth about $42,000. Institutional investors and hedge funds own 61.89% of the company’s stock.

NYSE:KMI traded down $0.31 on Tuesday, reaching $20.30. 7,362,788 shares of the stock traded hands, compared to its average volume of 10,598,867. The company has a market capitalization of $46.79 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 4.33 and a beta of 0.82. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 0.96. Kinder Morgan Inc has a 12 month low of $14.62 and a 12 month high of $21.50. The company’s fifty day simple moving average is $20.37 and its 200 day simple moving average is $20.32.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.59 billion. Kinder Morgan had a net margin of 16.50% and a return on equity of 6.23%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 earnings per share. Equities analysts anticipate that Kinder Morgan Inc will post 0.96 EPS for the current fiscal year.

Several research analysts recently issued reports on KMI shares. Stifel Nicolaus lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research note on Monday, June 17th. Argus lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. ValuEngine lowered shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Scotiabank started coverage on shares of Kinder Morgan in a research note on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 price target for the company. Finally, Zacks Investment Research reiterated a “buy” rating and issued a $23.00 price target on shares of Kinder Morgan in a research note on Saturday, June 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. Kinder Morgan currently has a consensus rating of “Hold” and an average target price of $21.91.

In other news, VP Dax Sanders sold 71,944 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $20.05, for a total transaction of $1,442,477.20. Following the sale, the vice president now owns 204,605 shares of the company’s stock, valued at approximately $4,102,330.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Richard D. Kinder purchased 400,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were bought at an average cost of $19.95 per share, for a total transaction of $7,980,000.00. Following the acquisition, the insider now owns 241,579,496 shares in the company, valued at $4,819,510,945.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 705,000 shares of company stock valued at $14,007,550. 13.95% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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