Pacer Advisors Inc. increased its stake in Kinder Morgan Inc (NYSE:KMI) by 16.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 208,986 shares of the pipeline company’s stock after buying an additional 28,948 shares during the quarter. Pacer Advisors Inc.’s holdings in Kinder Morgan were worth $4,307,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Winthrop Advisory Group LLC bought a new stake in shares of Kinder Morgan during the third quarter worth $200,000. Gradient Investments LLC lifted its position in shares of Kinder Morgan by 20.6% during the third quarter. Gradient Investments LLC now owns 10,474 shares of the pipeline company’s stock worth $216,000 after purchasing an additional 1,792 shares during the last quarter. Gofen & Glossberg LLC IL bought a new stake in shares of Kinder Morgan during the third quarter worth $295,000. Lucia Wealth Services LLC lifted its position in shares of Kinder Morgan by 26.3% during the third quarter. Lucia Wealth Services LLC now owns 37,875 shares of the pipeline company’s stock worth $781,000 after purchasing an additional 7,886 shares during the last quarter. Finally, Arden Trust Co lifted its position in shares of Kinder Morgan by 8.4% during the third quarter. Arden Trust Co now owns 51,079 shares of the pipeline company’s stock worth $1,053,000 after purchasing an additional 3,940 shares during the last quarter. Institutional investors and hedge funds own 61.73% of the company’s stock.
In other Kinder Morgan news, Director Deborah Macdonald purchased 5,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were acquired at an average price of $19.91 per share, for a total transaction of $99,550.00. Following the completion of the purchase, the director now owns 30,328 shares of the company’s stock, valued at $603,830.48. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Dax Sanders sold 71,944 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $20.05, for a total value of $1,442,477.20. Following the sale, the vice president now owns 204,605 shares in the company, valued at approximately $4,102,330.25. The disclosure for this sale can be found here. Insiders acquired 705,000 shares of company stock worth $14,007,550 in the last quarter. 13.95% of the stock is owned by insiders.
KMI opened at $20.23 on Friday. The business’s 50-day moving average is $20.39 and its two-hundred day moving average is $20.34. Kinder Morgan Inc has a 1 year low of $14.62 and a 1 year high of $21.50. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.41 and a quick ratio of 0.33. The firm has a market capitalization of $45.68 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 4.23 and a beta of 0.81.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Kinder Morgan had a net margin of 16.50% and a return on equity of 6.23%. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter last year, the firm earned $0.20 EPS. Kinder Morgan’s revenue for the quarter was down 6.2% on a year-over-year basis. As a group, sell-side analysts expect that Kinder Morgan Inc will post 0.96 EPS for the current year.
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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