Traders Sell Shares of Kinder Morgan (KMI) on Strength (KMI)

Traders sold shares of Kinder Morgan Inc (NYSE:KMI) on strength during trading hours on Thursday. $44.69 million flowed into the stock on the tick-up and $77.15 million flowed out of the stock on the tick-down, for a money net flow of $32.46 million out of the stock. Of all equities tracked, Kinder Morgan had the 0th highest net out-flow for the day. Kinder Morgan traded up $0.32 for the day and closed at $19.20

KMI has been the topic of a number of analyst reports. Royal Bank of Canada reissued a “hold” rating and set a $22.00 price target on shares of Kinder Morgan in a research report on Wednesday, November 15th. Credit Suisse Group initiated coverage on Kinder Morgan in a research report on Thursday, January 4th. They set an “outperform” rating and a $23.00 price target on the stock. Zacks Investment Research downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Morgan Stanley reduced their price target on Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, November 17th. Finally, Wells Fargo & Co reissued a “market perform” rating on shares of Kinder Morgan in a research report on Thursday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $22.72.

The company has a market capitalization of $43,590.00, a price-to-earnings ratio of 34.86, a price-to-earnings-growth ratio of 1.33 and a beta of 0.62. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.42.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.15. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.21 billion. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.10) EPS. research analysts forecast that Kinder Morgan Inc will post 0.64 EPS for the current year.

In other Kinder Morgan news, VP Thomas A. Martin bought 3,000 shares of Kinder Morgan stock in a transaction on Tuesday, December 5th. The shares were purchased at an average price of $17.10 per share, with a total value of $51,300.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 13.99% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Kinder Morgan by 17.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 13,950,108 shares of the pipeline company’s stock valued at $267,575,000 after acquiring an additional 2,048,560 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Kinder Morgan by 11.0% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 13,908,625 shares of the pipeline company’s stock valued at $266,767,000 after acquiring an additional 1,373,610 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Kinder Morgan by 6.0% during the 3rd quarter. Legal & General Group Plc now owns 11,314,018 shares of the pipeline company’s stock valued at $217,014,000 after acquiring an additional 636,683 shares in the last quarter. Brookfield Asset Management Inc. boosted its holdings in shares of Kinder Morgan by 4.3% during the 2nd quarter. Brookfield Asset Management Inc. now owns 10,843,859 shares of the pipeline company’s stock valued at $207,769,000 after acquiring an additional 447,389 shares in the last quarter. Finally, Cohen & Steers Inc. boosted its holdings in shares of Kinder Morgan by 22.7% during the 3rd quarter. Cohen & Steers Inc. now owns 9,743,540 shares of the pipeline company’s stock valued at $186,881,000 after acquiring an additional 1,801,348 shares in the last quarter. 60.73% of the stock is currently owned by institutional investors.

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About Kinder Morgan

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.

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