Marshall Wace LLP Takes $3.93 Million Position in Kinder Morgan Inc (NYSE:KMI)

Marshall Wace LLP bought a new stake in Kinder Morgan Inc (NYSE:KMI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 196,468 shares of the pipeline company’s stock, valued at approximately $3,931,000.

Several other institutional investors have also made changes to their positions in the company. Founders Capital Management lifted its position in Kinder Morgan by 224.9% during the first quarter. Founders Capital Management now owns 1,228 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 850 shares during the period. Citizens Financial Group Inc RI lifted its holdings in shares of Kinder Morgan by 119.2% in the first quarter. Citizens Financial Group Inc RI now owns 1,256 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 683 shares during the last quarter. Financial Gravity Wealth Inc. bought a new position in shares of Kinder Morgan in the first quarter worth about $30,000. Hanson McClain Inc. lifted its holdings in shares of Kinder Morgan by 606.6% in the first quarter. Hanson McClain Inc. now owns 1,505 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 1,292 shares during the last quarter. Finally, Webster Bank N. A. bought a new position in shares of Kinder Morgan in the first quarter worth about $31,000. 62.59% of the stock is owned by institutional investors.

KMI stock traded up $0.02 during mid-day trading on Friday, reaching $21.29. 9,298,267 shares of the company traded hands, compared to its average volume of 10,858,234. The company has a quick ratio of 0.37, a current ratio of 0.45 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $48.20 billion, a P/E ratio of 23.92, a P/E/G ratio of 3.08 and a beta of 0.85. Kinder Morgan Inc has a 52-week low of $14.62 and a 52-week high of $21.50. The company has a fifty day moving average price of $20.71.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.63 billion. Kinder Morgan had a return on equity of 6.13% and a net margin of 11.59%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the company posted $0.22 EPS. Analysts expect that Kinder Morgan Inc will post 0.99 earnings per share for the current fiscal year.

In related news, insider Richard D. Kinder acquired 200,000 shares of the stock in a transaction on Monday, April 29th. The stock was purchased at an average price of $19.89 per share, for a total transaction of $3,978,000.00. Following the completion of the transaction, the insider now owns 239,801,954 shares of the company’s stock, valued at approximately $4,769,660,865.06. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Richard D. Kinder acquired 300,000 shares of the stock in a transaction on Wednesday, May 29th. The stock was bought at an average price of $19.68 per share, with a total value of $5,904,000.00. Following the transaction, the insider now directly owns 241,179,496 shares of the company’s stock, valued at approximately $4,746,412,481.28. The disclosure for this purchase can be found here. Insiders purchased a total of 1,957,164 shares of company stock valued at $38,398,619 in the last 90 days. 13.95% of the stock is currently owned by corporate insiders.

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. set a $45.00 target price on shares of Ciena and gave the stock a “buy” rating in a report on Friday, March 22nd. Zacks Investment Research reaffirmed a “hold” rating on shares of Western New England Bancorp in a research note on Saturday, June 29th. Stifel Nicolaus increased their target price on shares of Mondelez International from $48.00 to $52.00 and gave the company a “hold” rating in a research report on Monday, June 17th. Raymond James initiated coverage on shares of Planet Fitness in a research report on Wednesday, June 26th. They set an “outperform” rating and a $80.00 target price for the company. Finally, Johnson Rice initiated coverage on shares of Enterprise Products Partners in a research report on Thursday, May 30th. They set a “buy” rating and a $35.00 target price for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $21.73.

About Kinder Morgan

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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