150,578 Shares in Kinder Morgan Inc (KMI) Acquired by Soros Fund Management LLC
Soros Fund Management LLC bought a new position in shares of Kinder Morgan Inc (NYSE:KMI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 150,578 shares of the pipeline company’s stock, valued at approximately $2,661,000.
Other institutional investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new stake in Kinder Morgan during the second quarter worth about $110,000. Landaas & Co. WI ADV acquired a new stake in Kinder Morgan during the second quarter worth about $133,000. Ostrum Asset Management acquired a new stake in Kinder Morgan during the first quarter worth about $121,000. Mount Yale Investment Advisors LLC acquired a new stake in Kinder Morgan during the first quarter worth about $144,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its holdings in Kinder Morgan by 100.0% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 10,000 shares of the pipeline company’s stock worth $177,000 after acquiring an additional 5,000 shares during the period. 60.34% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently commented on KMI shares. JPMorgan Chase & Co. raised their target price on Kinder Morgan from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. ValuEngine upgraded Kinder Morgan from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 15th. Raymond James upgraded Kinder Morgan from a “market perform” rating to an “outperform” rating in a research report on Monday, June 18th. Wells Fargo & Co upgraded Kinder Morgan to a “buy” rating in a research report on Friday, June 29th. Finally, Morgan Stanley lowered their price target on Kinder Morgan from $23.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the company. Kinder Morgan has a consensus rating of “Buy” and a consensus target price of $20.89.
Shares of KMI stock opened at $18.06 on Friday. The company has a market cap of $40.06 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 2.56 and a beta of 0.70. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.03. Kinder Morgan Inc has a 12-month low of $14.69 and a 12-month high of $19.85.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 18th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.42 billion. Kinder Morgan had a positive return on equity of 5.07% and a negative net margin of 1.82%. Kinder Morgan’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.14 earnings per share. research analysts predict that Kinder Morgan Inc will post 0.83 EPS for the current year.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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