BLB&B Advisors LLC lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 20.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,015 shares of the pipeline company’s stock after selling 6,723 shares during the period. BLB&B Advisors LLC’s holdings in Kinder Morgan were worth $433,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KMI. FMR LLC boosted its stake in Kinder Morgan by 12.0% in the first quarter. FMR LLC now owns 1,037,820 shares of the pipeline company’s stock valued at $20,767,000 after acquiring an additional 111,096 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Kinder Morgan by 8.9% in the third quarter. Great West Life Assurance Co. Can now owns 4,508,457 shares of the pipeline company’s stock valued at $55,604,000 after acquiring an additional 367,311 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in Kinder Morgan by 153.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 268,300 shares of the pipeline company’s stock valued at $3,308,000 after acquiring an additional 162,471 shares during the last quarter. Westover Capital Advisors LLC bought a new position in Kinder Morgan in the third quarter valued at approximately $170,000. Finally, Kingsview Wealth Management LLC boosted its stake in Kinder Morgan by 73.9% in the third quarter. Kingsview Wealth Management LLC now owns 44,870 shares of the pipeline company’s stock valued at $553,000 after acquiring an additional 19,072 shares during the last quarter. 60.02% of the stock is owned by institutional investors and hedge funds.

KMI opened at $16.55 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.02. Kinder Morgan, Inc. has a 12 month low of $11.45 and a 12 month high of $17.97. The firm’s fifty day simple moving average is $16.30 and its 200 day simple moving average is $14.55. The stock has a market capitalization of $37.48 billion, a P/E ratio of 331.00, a P/E/G ratio of 5.61 and a beta of 0.98.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Tuesday, January 19th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. Kinder Morgan had a net margin of 1.02% and a return on equity of 6.07%. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period in the previous year, the business earned $0.26 EPS. The company’s revenue was down 7.1% compared to the same quarter last year. On average, equities research analysts predict that Kinder Morgan, Inc. will post 0.87 EPS for the current fiscal year.

A number of equities analysts have issued reports on KMI shares. Tudor Pickering cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, January 8th. Raymond James cut shares of Kinder Morgan from an “outperform” rating to a “market perform” rating in a research report on Monday, January 11th. Zacks Investment Research cut shares of Kinder Morgan from a “hold” rating to a “sell” rating and set a $16.00 price target on the stock. in a research report on Monday, January 25th. Sanford C. Bernstein reissued a “market perform” rating and set a $17.00 price target (down from $18.00) on shares of Kinder Morgan in a research report on Monday, March 15th. Finally, Morgan Stanley lifted their price target on shares of Kinder Morgan from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Monday, March 29th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.38.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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