Redpoint Investment Management Pty Ltd trimmed its stake in Kinder Morgan, Inc. (NYSE:KMI) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 367,933 shares of the pipeline company’s stock after selling 16,670 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in Kinder Morgan were worth $5,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in KMI. Chiron Capital Management LLC purchased a new stake in Kinder Morgan in the 3rd quarter valued at about $25,000. Rockbridge Investment Management LCC purchased a new stake in Kinder Morgan in the 2nd quarter valued at about $29,000. Spence Asset Management lifted its position in shares of Kinder Morgan by 150.0% in the 4th quarter. Spence Asset Management now owns 2,500 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 1,500 shares during the period. Weaver Consulting Group lifted its position in shares of Kinder Morgan by 89.0% in the 3rd quarter. Weaver Consulting Group now owns 2,973 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 1,400 shares during the period. Finally, RMR Wealth Builders purchased a new stake in shares of Kinder Morgan in the 2nd quarter worth approximately $38,000. 55.42% of the stock is owned by institutional investors.

KMI has been the subject of several research reports. The Goldman Sachs Group raised shares of Kinder Morgan from a “sell” rating to a “neutral” rating and lowered their price target for the stock from $14.00 to $13.00 in a research report on Wednesday, October 14th. BidaskClub upgraded shares of Kinder Morgan from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 7th. Morgan Stanley cut their price objective on shares of Kinder Morgan from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, September 25th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on shares of Kinder Morgan in a research note on Thursday, December 3rd. They issued an “outperform” rating on the stock. Finally, Tudor Pickering downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, January 8th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $16.56.

Shares of NYSE KMI traded up $0.10 during mid-day trading on Wednesday, reaching $15.31. The company’s stock had a trading volume of 17,980,004 shares, compared to its average volume of 20,101,463. The stock has a 50-day moving average of $14.33 and a two-hundred day moving average of $13.73. The stock has a market capitalization of $34.66 billion, a P/E ratio of 304.20, a P/E/G ratio of 5.68 and a beta of 1.08. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.54 and a current ratio of 0.61. Kinder Morgan, Inc. has a 1-year low of $9.42 and a 1-year high of $22.58.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 21st. The pipeline company reported $0.21 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.21. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Kinder Morgan had a net margin of 1.02% and a return on equity of 6.07%. Analysts predict that Kinder Morgan, Inc. will post 0.87 EPS for the current fiscal year.

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 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.

Read More: Neutral Rating

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

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