IFM Investors Pty Ltd Buys 19,073 Shares of Kinder Morgan, Inc. (NYSE:KMI)

IFM Investors Pty Ltd increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 12.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 169,392 shares of the pipeline company’s stock after acquiring an additional 19,073 shares during the quarter. IFM Investors Pty Ltd’s holdings in Kinder Morgan were worth $2,089,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Blackstone Group Inc acquired a new stake in Kinder Morgan during the second quarter worth $333,656,000. Brookfield Asset Management Inc. acquired a new position in Kinder Morgan during the 2nd quarter worth approximately $103,547,000. BlackRock Inc. boosted its position in Kinder Morgan by 3.5% during the 2nd quarter. BlackRock Inc. now owns 150,991,478 shares of the pipeline company’s stock worth $2,290,539,000 after acquiring an additional 5,062,445 shares during the last quarter. AQR Capital Management LLC boosted its position in Kinder Morgan by 798.6% during the 2nd quarter. AQR Capital Management LLC now owns 3,231,226 shares of the pipeline company’s stock worth $47,337,000 after acquiring an additional 2,871,657 shares during the last quarter. Finally, Abrams Capital Management L.P. boosted its holdings in shares of Kinder Morgan by 27.2% in the 2nd quarter. Abrams Capital Management L.P. now owns 12,476,200 shares of the pipeline company’s stock valued at $189,264,000 after buying an additional 2,669,942 shares during the last quarter. 60.63% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director William A. Smith bought 7,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were acquired at an average price of $13.96 per share, with a total value of $97,720.00. Following the completion of the transaction, the director now owns 28,087 shares of the company’s stock, valued at approximately $392,094.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard D. Kinder bought 373,233 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average cost of $14.09 per share, for a total transaction of $5,258,852.97. Following the transaction, the chairman now directly owns 245,212,353 shares of the company’s stock, valued at approximately $3,455,042,053.77. The disclosure for this purchase can be found here. In the last three months, insiders bought 680,233 shares of company stock worth $9,598,573. Insiders own 14.19% of the company’s stock.

A number of research analysts recently commented on KMI shares. Stifel Nicolaus decreased their price target on Kinder Morgan from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Goldman Sachs Group raised Kinder Morgan from a “sell” rating to a “neutral” rating and dropped their price target for the company from $14.00 to $13.00 in a research report on Wednesday. US Capital Advisors lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, August 14th. ValuEngine lowered Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Wednesday, September 16th. Finally, Piper Sandler dropped their target price on Kinder Morgan from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, October 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. Kinder Morgan presently has an average rating of “Buy” and an average target price of $17.75.

Shares of Kinder Morgan stock traded down $0.13 during trading hours on Friday, reaching $12.86. The company’s stock had a trading volume of 13,082,747 shares, compared to its average volume of 15,526,210. The company’s 50 day simple moving average is $12.99 and its 200 day simple moving average is $14.40. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 0.48. Kinder Morgan, Inc. has a one year low of $9.42 and a one year high of $22.58. The stock has a market cap of $29.11 billion, a P/E ratio of 183.74, a price-to-earnings-growth ratio of 4.87 and a beta of 0.96.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. Kinder Morgan had a net margin of 1.41% and a return on equity of 6.02%. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter in the previous year, the company posted $0.22 EPS. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 0.88 earnings per share for the current fiscal year.

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 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.

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

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