Narwhal Capital Management boosted its stake in Kinder Morgan Inc. (NYSE:KMI) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor 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 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KMI. Sii Investments Inc. WI boosted its stake in Kinder Morgan by 65.8% in the first quarter. Sii Investments Inc. WI now owns 79,144 shares of the company’s stock valued at $1,421,000 after buying an additional 31,401 shares in the last quarter. Investment Centers of America Inc. boosted its stake in Kinder Morgan by 29.8% in the first quarter. Investment Centers of America Inc. now owns 143,888 shares of the company’s stock valued at $2,578,000 after buying an additional 33,001 shares during the period. Glenmede Trust Co. NA boosted its stake in Kinder Morgan by 132.6% in the first quarter. Glenmede Trust Co. NA now owns 281,029 shares of the company’s stock valued at $5,017,000 after buying an additional 160,233 shares during the period. Chicago Partners Investment Group LLC boosted its stake in Kinder Morgan by 9.2% in the first quarter. Chicago Partners Investment Group LLC now owns 401,465 shares of the company’s stock valued at $7,170,000 after buying an additional 33,874 shares during the period. Finally, Forte Capital LLC ADV boosted its stake in Kinder Morgan by 64.2% in the first quarter. Forte Capital LLC ADV now owns 41,080 shares of the company’s stock valued at $734,000 after buying an additional 16,057 shares during the period. Institutional investors and hedge funds own 54.61% of the company’s stock.

Shares of Kinder Morgan Inc. (NYSE:KMI) traded up 1.19% on Wednesday, reaching $22.14. 17,538,842 shares of the company were exchanged. The company has a market capitalization of $49.42 billion, a price-to-earnings 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. The company’s 50-day moving average is $21.55 and its 200-day moving average is $19.18.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.15. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.45 billion. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. Kinder Morgan’s revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 earnings per share. On average, equities analysts expect that Kinder Morgan Inc. will post $0.67 EPS for the current fiscal year.

Several analysts have recently weighed in on the stock. Vetr upgraded shares of Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $24.78 price objective on the stock in a research report on Monday, September 12th. Jefferies Group restated a “hold” rating and set a $17.00 price objective on shares of Kinder Morgan in a research report on Thursday, July 21st. Zacks Investment Research upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday. Morgan Stanley upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $23.00 to $24.00 in a research report on Thursday, August 18th. Finally, Barclays PLC raised their price objective on shares of Kinder Morgan from $20.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, July 18th. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $20.83.

About Kinder Morgan

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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