Macquarie Group Ltd. Grows Position in Kinder Morgan Inc (NYSE:KMI)

Macquarie Group Ltd. raised its holdings in Kinder Morgan Inc (NYSE:KMI) by 254.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,396,171 shares of the pipeline company’s stock after acquiring an additional 2,438,336 shares during the period. Macquarie Group Ltd.’s holdings in Kinder Morgan were worth $70,913,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. SRS Capital Advisors Inc. bought a new position in shares of Kinder Morgan during the 2nd quarter valued at about $32,000. Weaver Consulting Group bought a new position in shares of Kinder Morgan during the 1st quarter valued at about $33,000. River & Mercantile Asset Management LLP bought a new position in shares of Kinder Morgan during the 2nd quarter valued at about $33,000. Bartlett & Co. LLC bought a new position in shares of Kinder Morgan during the 2nd quarter valued at about $37,000. Finally, Meridian Wealth Management LLC bought a new position in shares of Kinder Morgan during the 1st quarter valued at about $42,000. 61.89% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the company. Raymond James lowered Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 price objective on the stock. in a research report on Wednesday, June 26th. TD Securities began coverage on Kinder Morgan in a research report on Wednesday. They set a “buy” rating and a $25.00 price target on the stock. ValuEngine lowered Kinder Morgan from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Scotiabank began coverage on Kinder Morgan in a research report on Tuesday, September 3rd. They set a “sector perform” rating and a $23.00 price target on the stock. Finally, Zacks Investment Research restated a “buy” rating and set a $23.00 price target on shares of Kinder Morgan in a research report on Saturday, June 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. Kinder Morgan has an average rating of “Hold” and a consensus target price of $22.11.

In other Kinder Morgan news, Director Deborah Macdonald acquired 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were purchased at an average cost of $19.91 per share, for a total transaction of $99,550.00. Following the transaction, the director now owns 30,328 shares in the company, valued at $603,830.48. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard D. Kinder acquired 400,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was acquired at an average price of $19.95 per share, for a total transaction of $7,980,000.00. Following the completion of the transaction, the insider now owns 241,579,496 shares in the company, valued at approximately $4,819,510,945.20. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 705,000 shares of company stock worth $14,007,550. Corporate insiders own 13.95% of the company’s stock.

KMI traded down $0.01 on Friday, hitting $20.37. 2,899,347 shares of the company were exchanged, compared to its average volume of 10,825,626. The firm has a fifty day simple moving average of $20.36 and a two-hundred day simple moving average of $20.33. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.33 and a current ratio of 0.41. Kinder Morgan Inc has a 12 month low of $14.62 and a 12 month high of $21.50. The stock has a market capitalization of $45.93 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 4.28 and a beta of 0.81.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.59 billion. Kinder Morgan had a return on equity of 6.23% and a net margin of 16.50%. Kinder Morgan’s quarterly revenue 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. On average, equities analysts expect that Kinder Morgan Inc will post 0.96 earnings per share for the current year.

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

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