Brasada Capital Management LP Has $926,000 Stock Position in Kinder Morgan Inc (NYSE:KMI)
Brasada Capital Management LP reduced its position in shares of Kinder Morgan Inc (NYSE:KMI) by 2.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 43,750 shares of the pipeline company’s stock after selling 1,150 shares during the quarter. Brasada Capital Management LP’s holdings in Kinder Morgan were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Simon Quick Advisors LLC boosted its holdings in shares of Kinder Morgan by 22.6% during the 4th quarter. Simon Quick Advisors LLC now owns 2,574 shares of the pipeline company’s stock worth $54,000 after buying an additional 474 shares during the period. Gilbert & Cook Inc. boosted its holdings in Kinder Morgan by 4.8% in the 3rd quarter. Gilbert & Cook Inc. now owns 10,744 shares of the pipeline company’s stock valued at $221,000 after purchasing an additional 494 shares during the period. Citizens Financial Group Inc RI boosted its holdings in Kinder Morgan by 35.4% in the 3rd quarter. Citizens Financial Group Inc RI now owns 1,923 shares of the pipeline company’s stock valued at $39,000 after purchasing an additional 503 shares during the period. Lantz Financial LLC boosted its holdings in Kinder Morgan by 0.6% in the 3rd quarter. Lantz Financial LLC now owns 78,779 shares of the pipeline company’s stock valued at $1,589,000 after purchasing an additional 504 shares during the period. Finally, LS Investment Advisors LLC boosted its holdings in Kinder Morgan by 0.8% in the 3rd quarter. LS Investment Advisors LLC now owns 68,613 shares of the pipeline company’s stock valued at $1,414,000 after purchasing an additional 522 shares during the period. 62.15% of the stock is owned by institutional investors and hedge funds.
KMI has been the subject of a number of research reports. US Capital Advisors downgraded shares of Kinder Morgan from an “overweight” rating to a “hold” rating in a report on Tuesday, January 7th. TD Securities initiated coverage on shares of Kinder Morgan in a report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price target for the company. Piper Jaffray Companies initiated coverage on shares of Kinder Morgan in a report on Wednesday, December 18th. They issued a “neutral” rating and a $23.00 price target for the company. ValuEngine raised shares of Kinder Morgan from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley initiated coverage on shares of Kinder Morgan in a report on Monday, January 6th. They issued an “underweight” rating and a $19.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $21.92.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.51 billion. Kinder Morgan had a return on equity of 6.25% and a net margin of 15.21%. Kinder Morgan’s revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. On average, research analysts anticipate that Kinder Morgan Inc will post 0.96 earnings per share for the current year.
In other news, VP Thomas A. Martin sold 20,733 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $20.65, for a total transaction of $428,136.45. Following the completion of the transaction, the vice president now directly owns 908,974 shares of the company’s stock, valued at approximately $18,770,313.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Richard D. Kinder acquired 59,624 shares of Kinder Morgan stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of $20.14 per share, with a total value of $1,200,827.36. Following the completion of the acquisition, the chairman now directly owns 243,139,120 shares in the company, valued at approximately $4,896,821,876.80. The disclosure for this purchase can be found here. Insiders have bought a total of 1,459,624 shares of company stock valued at $29,187,827 over the last ninety days. 13.95% of the stock is owned by insiders.
Kinder Morgan Company 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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