Prospera Financial Services Inc Has $467,000 Position in Kinder Morgan Inc. (KMI)
Prospera Financial Services Inc decreased its position in Kinder Morgan Inc. (NYSE:KMI) by 4.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 24,955 shares of the company’s stock after selling 1,234 shares during the period. Prospera Financial Services Inc’s holdings in Kinder Morgan were worth $467,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in Kinder Morgan by 50.1% in the first quarter. Wellington Management Group LLP now owns 6,333,502 shares of the company’s stock valued at $113,117,000 after buying an additional 2,114,436 shares in the last quarter. Harvest Fund Advisors LLC boosted its stake in Kinder Morgan by 30.6% in the first quarter. Harvest Fund Advisors LLC now owns 5,144,965 shares of the company’s stock valued at $91,889,000 after buying an additional 1,204,201 shares in the last quarter. Private Asset Management Inc. boosted its stake in Kinder Morgan by 5.3% in the second quarter. Private Asset Management Inc. now owns 506,113 shares of the company’s stock valued at $9,474,000 after buying an additional 25,667 shares in the last quarter. AXA boosted its stake in Kinder Morgan by 6.9% in the first quarter. AXA now owns 323,106 shares of the company’s stock valued at $5,771,000 after buying an additional 20,900 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its stake in Kinder Morgan by 45.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 134,547 shares of the company’s stock valued at $2,403,000 after buying an additional 41,763 shares in the last quarter. 54.61% of the stock is owned by institutional investors.
Shares of Kinder Morgan Inc. (NYSE:KMI) traded down 0.14% on Thursday, reaching $22.11. The company had a trading volume of 13,129,624 shares. Kinder Morgan Inc. has a 52-week low of $11.20 and a 52-week high of $32.89. The company has a 50 day moving average price of $21.62 and a 200 day moving average price of $19.20. The stock has a market capitalization of $49.36 billion, a PE ratio of 789.64 and a beta of 0.63.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 20th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. The firm earned $3.14 billion during the quarter, compared to the consensus estimate of $3.45 billion. Kinder Morgan had a return on equity of 4.82% and a net margin of 1.63%. The firm’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 posted $0.16 earnings per share. On average, equities research analysts anticipate that Kinder Morgan Inc. will post $0.67 earnings per share for the current year.
Several analysts have recently commented on KMI shares. Zacks Investment Research raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a 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 report on Monday, June 13th. Deutsche Bank AG reissued a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 29th. Finally, Barclays PLC raised their price target on Kinder Morgan from $20.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, July 18th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target 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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