Fmr LLC Lowers Holdings in Kinder Morgan Inc (KMI)

Fmr LLC decreased its stake in Kinder Morgan Inc (NYSE:KMI) by 24.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 926,724 shares of the pipeline company’s stock after selling 306,616 shares during the period. Fmr LLC’s holdings in Kinder Morgan were worth $14,253,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Kentucky Retirement Systems raised its position in Kinder Morgan by 48.5% in the fourth quarter. Kentucky Retirement Systems now owns 82,561 shares of the pipeline company’s stock worth $1,270,000 after acquiring an additional 26,972 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Kinder Morgan in the fourth quarter worth about $577,000. Headinvest LLC increased its stake in shares of Kinder Morgan by 96.5% in the fourth quarter. Headinvest LLC now owns 213,824 shares of the pipeline company’s stock worth $3,289,000 after purchasing an additional 104,984 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Kinder Morgan by 6.6% in the fourth quarter. Nordea Investment Management AB now owns 137,699 shares of the pipeline company’s stock worth $2,118,000 after purchasing an additional 8,491 shares in the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Kinder Morgan by 4.3% in the fourth quarter. APG Asset Management N.V. now owns 3,077,350 shares of the pipeline company’s stock worth $41,403,000 after purchasing an additional 126,801 shares in the last quarter. 63.80% of the stock is currently owned by institutional investors and hedge funds.

KMI has been the subject of several recent research reports. Mizuho initiated coverage on shares of Kinder Morgan in a research note on Wednesday, November 28th. They issued a “buy” rating and a $22.00 target price for the company. Wolfe Research downgraded shares of Kinder Morgan from a “market perform” rating to an “underperform” rating in a research note on Monday, November 26th. Zacks Investment Research downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Wednesday. TheStreet upgraded shares of Kinder Morgan from a “c” rating to a “b-” rating in a research note on Wednesday, January 16th. Finally, Evercore ISI initiated coverage on shares of Kinder Morgan in a research note on Tuesday, February 5th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $20.94.

In other news, insider Richard D. Kinder acquired 50,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, January 29th. The stock was bought at an average price of $17.92 per share, with a total value of $896,000.00. Following the completion of the purchase, the insider now owns 235,262,353 shares in the company, valued at $4,215,901,365.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Richard D. Kinder acquired 100,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 31st. The shares were purchased at an average cost of $18.05 per share, with a total value of $1,805,000.00. Following the purchase, the chairman now owns 235,427,613 shares of the company’s stock, valued at approximately $4,249,468,414.65. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 2,521,612 shares of company stock valued at $47,637,339. 14.16% of the stock is owned by corporate insiders.

Shares of NYSE:KMI opened at $19.90 on Friday. The company has a market cap of $43.90 billion, a P/E ratio of 22.36, a PEG ratio of 2.68 and a beta of 0.96. Kinder Morgan Inc has a 12 month low of $14.62 and a 12 month high of $20.44. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.76 and a quick ratio of 0.71.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 16th. The pipeline company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Kinder Morgan had a net margin of 11.38% and a return on equity of 5.86%. Kinder Morgan’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.21 earnings per share. As a group, equities research analysts anticipate that Kinder Morgan Inc will post 0.99 earnings per share for the current year.

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

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