HL Financial Services LLC Reduces Position in Kinder Morgan Inc. (KMI)
HL Financial Services LLC lowered its position in Kinder Morgan Inc. (NYSE:KMI) by 7.7% during the second quarter, Holdings Channel reports. The fund owned 99,661 shares of the company’s stock after selling 8,263 shares during the period. HL Financial Services LLC’s holdings in Kinder Morgan were worth $1,866,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Atalanta Sosnoff Capital LLC raised its stake in Kinder Morgan by 50.6% in the second quarter. Atalanta Sosnoff Capital LLC now owns 110,970 shares of the company’s stock worth $2,078,000 after buying an additional 37,305 shares during the last quarter. Court Place Advisors LLC raised its stake in Kinder Morgan by 10.9% in the second quarter. Court Place Advisors LLC now owns 22,346 shares of the company’s stock worth $418,000 after buying an additional 2,200 shares during the last quarter. Rehmann Capital Advisory Group bought a new stake in Kinder Morgan during the second quarter worth approximately $411,000. Financial Architects Inc raised its stake 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, Shell Asset Management Co. raised its stake in Kinder Morgan by 37.8% in the second quarter. Shell Asset Management Co. now owns 180,518 shares of the company’s stock worth $3,379,000 after buying an additional 49,483 shares during the last quarter. 54.61% of the stock is currently owned by institutional investors.
Kinder Morgan Inc. (NYSE:KMI) traded down 0.14% during mid-day trading on Thursday, hitting $22.11. The company’s stock had a trading volume of 13,129,624 shares. The company’s 50 day moving average is $21.67 and its 200-day moving average is $19.22. Kinder Morgan Inc. has a 52-week low of $11.20 and a 52-week high of $32.89. The stock has a market cap of $49.36 billion, a P/E ratio of 789.64 and a beta of 0.63.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Kinder Morgan had a return on equity of 4.82% and a net margin of 1.63%. The firm earned $3.14 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter in the previous year, the business earned $0.16 earnings per share. The company’s revenue was down 9.2% on a year-over-year basis. On average, equities analysts predict that Kinder Morgan Inc. will post $0.67 EPS for the current fiscal year.
KMI has been the subject of a number of analyst reports. Zacks Investment Research raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Monday, June 20th. Vetr raised Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $19.69 price target for the company in a research report on Monday, June 13th. Deutsche Bank AG reissued a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 29th. Finally, Barclays PLC increased their price target on Kinder Morgan from $20.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, July 18th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Kinder Morgan currently 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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