Kinder Morgan Inc (KMI) Stake Lifted by Moneta Group Investment Advisors LLC
Moneta Group Investment Advisors LLC lifted its position in shares of Kinder Morgan Inc (NYSE:KMI) by 217.3% during the second quarter, HoldingsChannel.com reports. The fund owned 22,924 shares of the pipeline company’s stock after acquiring an additional 15,700 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Kinder Morgan were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Millennium Management LLC grew its position in Kinder Morgan by 81.4% during the second quarter. Millennium Management LLC now owns 3,673,782 shares of the pipeline company’s stock worth $64,916,000 after buying an additional 1,648,737 shares during the period. Soros Fund Management LLC acquired a new position in Kinder Morgan during the second quarter worth about $2,661,000. Worldquant Millennium Quantitative Strategies LLC acquired a new position in Kinder Morgan during the second quarter worth about $2,082,000. Circle Wealth Management LLC acquired a new position in Kinder Morgan during the second quarter worth about $623,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Kinder Morgan by 1,296.6% in the second quarter. Tower Research Capital LLC TRC now owns 27,932 shares of the pipeline company’s stock valued at $493,000 after purchasing an additional 25,932 shares during the last quarter. Institutional investors and hedge funds own 60.34% of the company’s stock.
Shares of KMI opened at $18.06 on Monday. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.03. The company has a market cap of $40.06 billion, a P/E ratio of 27.36, a PEG ratio of 2.56 and a beta of 0.70. Kinder Morgan Inc has a 1 year low of $14.69 and a 1 year high of $19.85.
Several analysts have recently commented on KMI shares. Citigroup lowered their price target on shares of Kinder Morgan from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. Wells Fargo & Co reiterated a “buy” rating on shares of Kinder Morgan in a research report on Thursday, July 19th. US Capital Advisors reiterated a “buy” rating on shares of Kinder Morgan in a research report on Tuesday, July 17th. Stifel Nicolaus increased their price target on shares of Kinder Morgan from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. Finally, Sanford C. Bernstein upgraded shares of Kinder Morgan from a “market perform” rating to an “outperform” rating in a research report on Tuesday, June 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $20.89.
In other news, Director William A. Smith acquired 5,556 shares of Kinder Morgan stock in a transaction that occurred on Thursday, July 26th. The shares were acquired at an average price of $18.09 per share, with a total value of $100,508.04. Following the completion of the purchase, the director now owns 14,587 shares of the company’s stock, valued at approximately $263,878.83. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 14.16% of the company’s stock.
Kinder Morgan Profile
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.
Further Reading: Understanding Compound Annual Growth Rate (CAGR)
Want to see what other hedge funds are holding KMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinder Morgan Inc (NYSE:KMI).
Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.