Kinder Morgan Inc. (KMI) Stake Increased by Narwhal Capital Management
Narwhal Capital Management increased its position in Kinder Morgan Inc. (NYSE:KMI) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 32,080 shares of the company’s stock after buying an additional 70 shares during the period. Narwhal Capital Management’s holdings in Kinder Morgan were worth $601,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of KMI. Stelac Advisory Services LLC bought a new position in Kinder Morgan during the first quarter worth approximately $110,000. Huntington Asset Advisors Inc. bought a new position in Kinder Morgan during the first quarter worth approximately $111,000. LGL Partners LLC bought a new position in Kinder Morgan during the first quarter worth approximately $196,000. Financial Architects Inc boosted its position in Kinder Morgan by 41.8% in the second quarter. Financial Architects Inc now owns 10,765 shares of the company’s stock worth $201,000 after buying an additional 3,173 shares during the last quarter. Finally, Trust Co bought a new position in Kinder Morgan during the first quarter worth approximately $206,000. Hedge funds and other institutional investors own 54.61% of the company’s stock.
Kinder Morgan Inc. (NYSE:KMI) traded up 1.19% during trading on Wednesday, reaching $22.14. 17,538,842 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $21.55 and a 200-day moving average of $19.18. The stock has a market capitalization of $49.42 billion, a PE ratio of 790.71 and a beta of 0.63. Kinder Morgan Inc. has a 52 week low of $11.20 and a 52 week high of $32.89.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.45 billion. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. On average, equities research analysts anticipate that Kinder Morgan Inc. will post $0.67 EPS for the current year.
A number of research analysts have recently commented on KMI shares. Vetr cut shares of Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $19.59 price target on the stock. in a report on Wednesday, June 15th. Deutsche Bank AG restated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 29th. Zacks Investment Research upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday. Finally, TheStreet upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $20.83.
Kinder Morgan Company Profile
Kinder Morgan, Inc (KMI) is an energy infrastructure company in North America. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Company’s Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.
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