YHB Investment Advisors Inc. decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,011 shares of the pipeline company’s stock after selling 3,889 shares during the period. YHB Investment Advisors Inc.’s holdings in Kinder Morgan were worth $1,382,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Kinder Morgan during the fourth quarter worth about $365,669,000. Highfields Capital Management LP bought a new position in Kinder Morgan during the fourth quarter worth about $98,373,000. Pictet Asset Management Ltd. boosted its position in Kinder Morgan by 315.2% in the first quarter. Pictet Asset Management Ltd. now owns 4,295,682 shares of the pipeline company’s stock worth $93,388,000 after buying an additional 3,261,140 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Kinder Morgan by 1,218.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 3,224,147 shares of the pipeline company’s stock worth $66,785,000 after buying an additional 2,979,697 shares in the last quarter. Finally, Luminus Management LLC bought a new position in Kinder Morgan during the fourth quarter worth about $55,706,000. 57.56% of the stock is owned by institutional investors.
Shares of Kinder Morgan, Inc. (NYSE KMI) opened at 19.22 on Wednesday. The company’s 50-day moving average is $19.12 and its 200 day moving average is $20.89. Kinder Morgan, Inc. has a 52-week low of $18.31 and a 52-week high of $23.36. The firm has a market cap of $42.91 billion, a price-to-earnings ratio of 63.64 and a beta of 0.63.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 19th. The pipeline company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.36 billion. Kinder Morgan had a return on equity of 4.62% and a net margin of 6.27%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS. On average, analysts expect that Kinder Morgan, Inc. will post $0.66 earnings per share for the current fiscal year.
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KMI has been the subject of a number of research analyst reports. Vetr raised shares of Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $23.88 price target for the company in a report on Tuesday, March 14th. US Capital Advisors raised shares of Kinder Morgan from a “hold” rating to an “overweight” rating in a report on Wednesday, March 15th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $25.00 price target on shares of Kinder Morgan in a report on Friday, March 17th. Macquarie initiated coverage on shares of Kinder Morgan in a report on Friday, April 21st. They issued a “neutral” rating and a $21.00 price target for the company. Finally, Credit Suisse Group set a $27.00 price target on shares of Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $23.97.
In other news, insider Richard D. Kinder acquired 500,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was bought at an average price of $18.58 per share, for a total transaction of $9,290,000.00. Following the transaction, the insider now owns 234,712,353 shares in the company, valued at $4,360,955,518.74. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dax Sanders acquired 2,600 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were purchased at an average price of $18.60 per share, with a total value of $48,360.00. The disclosure for this purchase can be found here. 13.99% of the stock is currently owned by corporate insiders.
About Kinder Morgan
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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