Camden National Bank Invests $8.14 Million in Kinder Morgan Inc (NYSE:KMI)

Camden National Bank bought a new position in Kinder Morgan Inc (NYSE:KMI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 394,955 shares of the pipeline company’s stock, valued at approximately $8,140,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Baugh & Associates LLC raised its position in shares of Kinder Morgan by 0.3% during the 2nd quarter. Baugh & Associates LLC now owns 189,197 shares of the pipeline company’s stock valued at $3,950,000 after acquiring an additional 495 shares during the last quarter. SeaCrest Wealth Management LLC raised its position in shares of Kinder Morgan by 2.7% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 18,851 shares of the pipeline company’s stock valued at $394,000 after acquiring an additional 497 shares during the last quarter. Osborn Williams & Donohoe LLC raised its position in shares of Kinder Morgan by 1.2% during the 2nd quarter. Osborn Williams & Donohoe LLC now owns 41,993 shares of the pipeline company’s stock valued at $877,000 after acquiring an additional 500 shares during the last quarter. First Bank & Trust raised its position in shares of Kinder Morgan by 10.7% during the 2nd quarter. First Bank & Trust now owns 5,229 shares of the pipeline company’s stock valued at $109,000 after acquiring an additional 507 shares during the last quarter. Finally, WealthTrust Axiom LLC raised its position in shares of Kinder Morgan by 1.1% during the 2nd quarter. WealthTrust Axiom LLC now owns 46,246 shares of the pipeline company’s stock valued at $965,000 after acquiring an additional 516 shares during the last quarter. 61.73% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have commented on KMI shares. Stifel Nicolaus cut shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a research report on Monday, June 17th. Wolfe Research upgraded shares of Kinder Morgan from an “underperform” rating to a “peer perform” rating in a research report on Thursday, August 22nd. Scotia Howard Weill started coverage on shares of Kinder Morgan in a research report on Tuesday, September 3rd. They set a “sector perform” rating and a $23.00 target price for the company. TD Securities started coverage on shares of Kinder Morgan in a research report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 target price for the company. Finally, ValuEngine cut shares of Kinder Morgan from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.11.



Shares of KMI traded down $0.01 during trading hours on Friday, reaching $20.23. The stock had a trading volume of 539,649 shares, compared to its average volume of 10,373,121. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 0.96. Kinder Morgan Inc has a 52 week low of $14.62 and a 52 week high of $21.50. The firm has a 50-day moving average of $20.39 and a 200 day moving average of $20.34. The company has a market cap of $45.30 billion, a P/E ratio of 22.72, a P/E/G ratio of 4.19 and a beta of 0.81.

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

In other Kinder Morgan news, VP Dax Sanders sold 71,944 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $20.05, for a total transaction of $1,442,477.20. Following the completion of the transaction, the vice president now owns 204,605 shares in the company, valued at approximately $4,102,330.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard D. Kinder bought 400,000 shares of the stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of $19.95 per share, with a total value of $7,980,000.00. Following the acquisition, 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. In the last 90 days, insiders purchased 705,000 shares of company stock valued at $14,007,550. 13.95% of the stock is owned by corporate 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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