Cerebellum GP LLC grew its stake in Kinder Morgan Inc (NYSE:KMI) by 292.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,317 shares of the pipeline company’s stock after purchasing an additional 20,359 shares during the period. Kinder Morgan makes up approximately 0.3% of Cerebellum GP LLC’s holdings, making the stock its 9th largest holding. Cerebellum GP LLC’s holdings in Kinder Morgan were worth $578,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in KMI. FMR LLC lifted its holdings in shares of Kinder Morgan by 12.0% during the first quarter. FMR LLC now owns 1,037,820 shares of the pipeline company’s stock worth $20,767,000 after purchasing an additional 111,096 shares during the period. Pictet Asset Management Ltd. lifted its holdings in Kinder Morgan by 8.7% in the second quarter. Pictet Asset Management Ltd. now owns 7,817,900 shares of the pipeline company’s stock valued at $163,238,000 after acquiring an additional 628,318 shares during the period. AXA lifted its holdings in Kinder Morgan by 1.7% in the second quarter. AXA now owns 286,156 shares of the pipeline company’s stock valued at $5,975,000 after acquiring an additional 4,811 shares during the period. US Bancorp DE lifted its holdings in Kinder Morgan by 10.6% in the second quarter. US Bancorp DE now owns 273,638 shares of the pipeline company’s stock valued at $5,714,000 after acquiring an additional 26,303 shares during the period. Finally, Lido Advisors LLC acquired a new stake in Kinder Morgan in the second quarter valued at $234,000. Institutional investors own 62.15% of the company’s stock.
A number of equities research analysts have commented on the company. Barclays downgraded Kinder Morgan from an “overweight” rating to an “equal weight” rating and set a $23.00 target price for the company. in a report on Tuesday. US Capital Advisors downgraded Kinder Morgan from an “overweight” rating to a “hold” rating in a report on Tuesday, January 7th. Goldman Sachs Group downgraded Kinder Morgan from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a report on Thursday, October 24th. TD Securities assumed coverage on Kinder Morgan in a report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 target price for the company. Finally, Piper Jaffray Companies assumed coverage on Kinder Morgan in a report on Wednesday, December 18th. They issued a “neutral” rating and a $23.00 target price for the company. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $21.92.
NYSE:KMI opened at $21.41 on Thursday. The company has a market capitalization of $48.61 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 4.39 and a beta of 0.80. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.93. Kinder Morgan Inc has a 52-week low of $16.93 and a 52-week high of $21.68. The stock has a fifty day simple moving average of $20.64 and a 200-day simple moving average of $20.48.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.51 billion. Kinder Morgan had a return on equity of 6.25% and a net margin of 15.21%. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. As a group, equities analysts anticipate that Kinder Morgan Inc will post 0.96 earnings per share for the current year.
In other news, Director Fayez Sarofim purchased 200,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average price of $20.10 per share, with a total value of $4,020,000.00. Following the purchase, the director now directly owns 29,373,127 shares of the company’s stock, valued at approximately $590,399,852.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Richard D. Kinder purchased 59,624 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $20.14 per share, with a total value of $1,200,827.36. Following the purchase, the chairman now directly owns 243,139,120 shares in the company, valued at $4,896,821,876.80. The disclosure for this purchase can be found here. Insiders have bought a total of 1,459,624 shares of company stock valued at $29,187,827 in the last ninety days. Corporate insiders own 13.95% of the company’s stock.
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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