RPG Investment Advisory LLC lowered its position in Kinder Morgan Inc (NYSE:KMI) by 0.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,271 shares of the pipeline company’s stock after selling 1,112 shares during the quarter. RPG Investment Advisory LLC’s holdings in Kinder Morgan were worth $3,227,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Welch Group LLC raised its position in shares of Kinder Morgan by 18.7% in the first quarter. Welch Group LLC now owns 43,513 shares of the pipeline company’s stock valued at $871,000 after purchasing an additional 6,852 shares during the period. Raymond James Trust N.A. raised its position in shares of Kinder Morgan by 4.1% in the first quarter. Raymond James Trust N.A. now owns 57,711 shares of the pipeline company’s stock valued at $1,155,000 after purchasing an additional 2,276 shares during the period. Sciencast Management LP bought a new position in shares of Kinder Morgan in the first quarter valued at about $660,000. Retirement Systems of Alabama raised its position in shares of Kinder Morgan by 3.6% in the first quarter. Retirement Systems of Alabama now owns 906,492 shares of the pipeline company’s stock valued at $18,139,000 after purchasing an additional 31,268 shares during the period. Finally, Strategic Advisors LLC raised its position in shares of Kinder Morgan by 62.9% in the first quarter. Strategic Advisors LLC now owns 28,979 shares of the pipeline company’s stock valued at $580,000 after purchasing an additional 11,195 shares during the period. Hedge funds and other institutional investors own 64.72% of the company’s stock.

In other Kinder Morgan news, Director Deborah Macdonald purchased 2,500 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average cost of $19.89 per share, with a total value of $49,725.00. Following the completion of the transaction, the director now owns 25,328 shares in the company, valued at $503,773.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard D. Kinder purchased 175,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were acquired at an average cost of $19.75 per share, for a total transaction of $3,456,250.00. Following the completion of the transaction, the chairman now owns 239,069,693 shares of the company’s stock, valued at approximately $4,721,626,436.75. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 3,090,912 shares of company stock worth $58,877,514. 13.95% of the stock is owned by insiders.

Several brokerages have recently weighed in on KMI. JPMorgan Chase & Co. lowered shares of Kinder Morgan from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $21.00 to $22.00 in a research report on Friday, March 22nd. Goldman Sachs Group lowered shares of Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 price objective on the stock. in a research report on Thursday, March 28th. Jefferies Financial Group lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating and increased their price objective for the company from $19.00 to $20.00 in a research report on Monday, April 1st. Citigroup lowered shares of Kinder Morgan from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a research report on Wednesday, March 27th. Finally, Argus reissued a “buy” rating and issued a $23.00 price objective on shares of Kinder Morgan in a research report on Tuesday, January 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $21.32.

NYSE:KMI traded down $0.03 during mid-day trading on Monday, reaching $19.79. 8,693,073 shares of the company’s stock were exchanged, compared to its average volume of 15,440,419. Kinder Morgan Inc has a one year low of $14.62 and a one year high of $20.44. The firm has a market cap of $43.72 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 2.63 and a beta of 0.96. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.71 and a current ratio of 0.76.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 16th. The pipeline company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. Kinder Morgan had a net margin of 11.38% and a return on equity of 5.86%. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the firm earned $0.21 earnings per share. Kinder Morgan’s revenue for the quarter was up 4.1% compared to the same quarter last year. Sell-side analysts anticipate that Kinder Morgan Inc will post 1.01 EPS for the current year.

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Kinder Morgan Profile

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

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