Robertson Opportunity Capital LLC Has $4,696,000 Position in Kinder Morgan, Inc. (KMI)
Robertson Opportunity Capital LLC continued to hold its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the first quarter, Holdings Channel reports. The firm owned 216,000 shares of the pipeline company’s stock at the end of the first quarter. Kinder Morgan comprises approximately 3.0% of Robertson Opportunity Capital LLC’s holdings, making the stock its 15th largest position. Robertson Opportunity Capital LLC’s holdings in Kinder Morgan were worth $4,696,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Oppenheimer Asset Management Inc. bought a new stake in shares of Kinder Morgan during the first quarter valued at about $270,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Kinder Morgan by 6.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,931,066 shares of the pipeline company’s stock valued at $128,942,000 after buying an additional 342,711 shares during the period. Brown Advisory Securities LLC boosted its stake in shares of Kinder Morgan by 2.9% in the first quarter. Brown Advisory Securities LLC now owns 52,952 shares of the pipeline company’s stock valued at $1,153,000 after buying an additional 1,481 shares during the period. Amalgamated Bank boosted its stake in shares of Kinder Morgan by 6.1% in the first quarter. Amalgamated Bank now owns 135,178 shares of the pipeline company’s stock valued at $2,939,000 after buying an additional 7,793 shares during the period. Finally, Epoch Investment Partners Inc. bought a new stake in shares of Kinder Morgan during the first quarter valued at about $1,157,000. Institutional investors and hedge funds own 57.53% of the company’s stock.
Shares of Kinder Morgan, Inc. (NYSE:KMI) opened at 19.54 on Monday. The company has a 50-day moving average price of $19.12 and a 200-day moving average price of $20.89. Kinder Morgan, Inc. has a 12-month low of $18.31 and a 12-month high of $23.36. The firm has a market capitalization of $43.62 billion, a P/E ratio of 64.70 and a beta of 0.63. Kinder Morgan also was the target of unusually large options trading activity on Friday. Traders acquired 465 call options on the stock. This is an increase of 122% compared to the average daily volume of 209 call options.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 19th. The pipeline company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.01. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.36 billion. Kinder Morgan had a return on equity of 4.62% and a net margin of 6.27%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 earnings per share. Equities analysts predict that Kinder Morgan, Inc. will post $0.66 EPS for the current year.
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Several equities research analysts recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $25.00 price target on shares of Kinder Morgan in a research note on Friday. Zacks Investment Research cut Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BidaskClub upgraded Kinder Morgan from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Morgan Stanley restated an “overweight” rating and set a $25.00 target price on shares of Kinder Morgan in a research note on Monday, July 3rd. Finally, Royal Bank Of Canada cut their target price on Kinder Morgan from $25.00 to $22.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Kinder Morgan has a consensus rating of “Buy” and an average price target of $24.22.
In other Kinder Morgan news, insider Richard D. Kinder purchased 500,000 shares of the stock in a transaction on Tuesday, May 30th. The stock was acquired at an average cost of $18.58 per share, with a total value of $9,290,000.00. Following the completion of the purchase, the insider now directly owns 234,712,353 shares of the company’s stock, valued at approximately $4,360,955,518.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Dax Sanders purchased 2,600 shares of the stock in a transaction on Tuesday, May 30th. The stock was acquired at an average cost of $18.60 per share, with a total value of $48,360.00. The disclosure for this purchase can be found here. Insiders own 13.99% of the company’s stock.
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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