Ameritas Investment Partners Inc. Sells 1,733 Shares of Kinder Morgan, Inc. (KMI)
Ameritas Investment Partners Inc. reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,066 shares of the pipeline company’s stock after selling 1,733 shares during the period. Ameritas Investment Partners Inc.’s holdings in Kinder Morgan were worth $1,044,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of KMI. Moody Lynn & Lieberson LLC raised its position in Kinder Morgan by 0.3% in the first quarter. Moody Lynn & Lieberson LLC now owns 18,529 shares of the pipeline company’s stock valued at $403,000 after buying an additional 50 shares in the last quarter. Sippican Capital Advisors raised its position in Kinder Morgan by 0.7% in the first quarter. Sippican Capital Advisors now owns 11,165 shares of the pipeline company’s stock valued at $243,000 after buying an additional 75 shares in the last quarter. Cim Investment Mangement Inc. raised its position in Kinder Morgan by 1.2% in the fourth quarter. Cim Investment Mangement Inc. now owns 13,098 shares of the pipeline company’s stock valued at $271,000 after buying an additional 156 shares in the last quarter. Boys Arnold & Co. Inc. raised its position in Kinder Morgan by 1.1% in the first quarter. Boys Arnold & Co. Inc. now owns 25,124 shares of the pipeline company’s stock valued at $546,000 after buying an additional 284 shares in the last quarter. Finally, Parsons Capital Management Inc. RI raised its position in Kinder Morgan by 1.7% in the first quarter. Parsons Capital Management Inc. RI now owns 22,527 shares of the pipeline company’s stock valued at $490,000 after buying an additional 382 shares in the last quarter. Institutional investors and hedge funds own 58.05% of the company’s stock.
Shares of Kinder Morgan, Inc. (KMI) opened at 19.19 on Friday. The firm has a market cap of $42.84 billion, a P/E ratio of 63.54 and a beta of 0.59. Kinder Morgan, Inc. has a 1-year low of $17.16 and a 1-year high of $23.36. The firm has a 50 day moving average price of $19.49 and a 200 day moving average price of $21.06.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 19th. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.36 billion. Kinder Morgan had a return on equity of 4.62% and a net margin of 6.27%. Kinder Morgan’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.12 EPS. Analysts anticipate that Kinder Morgan, Inc. will post $0.67 EPS for the current year.
KMI has been the topic of several recent analyst reports. Credit Suisse Group set a $27.00 target price on Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, April 20th. Wells Fargo & Company reiterated an “outperform” rating and set a $25.00 target price (down from $26.50) on shares of Kinder Morgan in a report on Monday, May 15th. Raymond James Financial, Inc. reiterated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, May 31st. US Capital Advisors upgraded Kinder Morgan from a “hold” rating to an “overweight” rating in a report on Wednesday, March 15th. Finally, Wolfe Research lowered Kinder Morgan from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $26.00 to $21.00 in a report on Tuesday, May 30th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Kinder Morgan currently has an average rating of “Buy” and an average price target of $23.82.
In other Kinder Morgan news, insider Richard D. Kinder purchased 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average price of $18.58 per share, with a total value of $9,290,000.00. Following the transaction, the insider now owns 234,712,353 shares in the company, valued at $4,360,955,518.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Dax Sanders purchased 2,600 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was acquired at an average cost of $18.60 per share, for a total transaction of $48,360.00. The disclosure for this purchase can be found here. 13.99% of the stock is owned by corporate insiders.
Kinder Morgan Company Profile
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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