Spirit of America Management Corp NY boosted its position in Kinder Morgan Inc. (NYSE:KMI) by 47.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 502,794 shares of the company’s stock after buying an additional 161,820 shares during the period. Kinder Morgan comprises approximately 1.5% of Spirit of America Management Corp NY’s investment portfolio, making the stock its 17th largest position. Spirit of America Management Corp NY’s holdings in Kinder Morgan were worth $11,630,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of Kinder Morgan by 50.1% in the first quarter. Wellington Management Group LLP now owns 6,333,502 shares of the company’s stock worth $113,117,000 after buying an additional 2,114,436 shares during the period. GW&K Investment Management LLC raised its stake in shares of Kinder Morgan by 6.6% in the second quarter. GW&K Investment Management LLC now owns 891,435 shares of the company’s stock worth $16,688,000 after buying an additional 55,463 shares during the period. Confluence Investment Management LLC raised its stake in shares of Kinder Morgan by 16.7% in the second quarter. Confluence Investment Management LLC now owns 2,352,603 shares of the company’s stock worth $44,041,000 after buying an additional 337,389 shares during the period. Strs Ohio raised its stake in shares of Kinder Morgan by 3.9% in the second quarter. Strs Ohio now owns 2,453,299 shares of the company’s stock worth $45,925,000 after buying an additional 92,698 shares during the period. Finally, Harvest Fund Advisors LLC raised its stake in shares of Kinder Morgan by 30.6% in the first quarter. Harvest Fund Advisors LLC now owns 5,144,965 shares of the company’s stock worth $91,889,000 after buying an additional 1,204,201 shares during the period. 54.61% of the stock is currently owned by institutional investors.

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

Kinder Morgan Inc. (NYSE:KMI) traded down 0.92% during mid-day trading on Friday, hitting $20.36. The stock had a trading volume of 15,661,846 shares. The stock’s 50-day moving average is $21.95 and its 200 day moving average is $19.61. The company has a market capitalization of $45.45 billion, a P/E ratio of 727.14 and a beta of 0.69. Kinder Morgan Inc. has a 52 week low of $11.20 and a 52 week high of $32.20.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.15 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.45 billion. Kinder Morgan had a return on equity of 4.82% and a net margin of 1.63%. The firm’s revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. Equities analysts forecast that Kinder Morgan Inc. will post $0.67 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on KMI shares. Wolfe Research started coverage on Kinder Morgan in a research report on Friday, October 7th. They set a “hold” rating and a $24.00 target price on the stock. Zacks Investment Research raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Monday, June 20th. Vetr raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $22.41 target price on the stock in a research report on Thursday, August 25th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 29th. Finally, Barclays PLC boosted their target price on Kinder Morgan from $20.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, July 18th. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $21.35.

Kinder Morgan Company Profile

Kinder Morgan, Inc (KMI) is an energy infrastructure company in North America. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Company’s Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.

5 Day Chart for NYSE:KMI

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