Kinder Morgan, Inc. (KMI) Shares Sold by AHL Partners LLP

AHL Partners LLP reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 6.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,573 shares of the pipeline company’s stock after selling 7,489 shares during the quarter. AHL Partners LLP’s holdings in Kinder Morgan were worth $2,081,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Private Harbour Investment Management & Counsel LLC raised its position in shares of Kinder Morgan by 0.3% in the 2nd quarter. Private Harbour Investment Management & Counsel LLC now owns 15,050 shares of the pipeline company’s stock valued at $288,000 after purchasing an additional 50 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in shares of Kinder Morgan by 0.8% in the 1st quarter. Guardian Life Insurance Co. of America now owns 7,416 shares of the pipeline company’s stock valued at $161,000 after purchasing an additional 60 shares during the last quarter. San Francisco Sentry Investment Group CA raised its position in shares of Kinder Morgan by 0.8% in the 1st quarter. San Francisco Sentry Investment Group CA now owns 12,186 shares of the pipeline company’s stock valued at $265,000 after purchasing an additional 101 shares during the last quarter. Chatham Capital Group Inc. raised its position in shares of Kinder Morgan by 0.5% in the 1st quarter. Chatham Capital Group Inc. now owns 39,950 shares of the pipeline company’s stock valued at $869,000 after purchasing an additional 200 shares during the last quarter. Finally, Merriman Wealth Management LLC raised its position in shares of Kinder Morgan by 0.4% in the 2nd quarter. Merriman Wealth Management LLC now owns 59,481 shares of the pipeline company’s stock valued at $1,140,000 after purchasing an additional 239 shares during the last quarter. 59.11% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently commented on KMI. Zacks Investment Research lowered shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Kinder Morgan in a research report on Friday, June 23rd. TD Securities set a $26.00 price objective on shares of Kinder Morgan and gave the company a “buy” rating in a research report on Tuesday, June 20th. Royal Bank Of Canada decreased their price objective on shares of Kinder Morgan from $25.00 to $22.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 27th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Kinder Morgan in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.84.

In related news, Director William A. Smith purchased 4,903 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was acquired at an average price of $20.24 per share, for a total transaction of $99,236.72. Following the completion of the purchase, the director now directly owns 14,587 shares of the company’s stock, valued at $295,240.88. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 13.99% of the stock is currently owned by insiders.

Kinder Morgan, Inc. (NYSE:KMI) opened at 18.88 on Friday. The firm has a market cap of $42.16 billion, a P/E ratio of 62.31 and a beta of 0.65. Kinder Morgan, Inc. has a one year low of $18.23 and a one year high of $23.01. The company has a 50-day moving average of $19.23 and a 200 day moving average of $19.70.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 19th. The pipeline company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Kinder Morgan had a net margin of 6.20% and a return on equity of 4.41%. The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the prior year, the firm posted $0.15 EPS. Kinder Morgan’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities research analysts expect that Kinder Morgan, Inc. will post $0.64 earnings per share for the current fiscal year.

Kinder Morgan announced that its board has approved a stock buyback program on Wednesday, July 19th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the pipeline company to reacquire up to 4.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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Kinder Morgan Company Profile

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.

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

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