Fifth Third Wealth Advisors LLC Boosts Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Fifth Third Wealth Advisors LLC increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 31.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,631 shares of the pipeline company’s stock after buying an additional 15,586 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Kinder Morgan were worth $1,798,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in KMI. Duquesne Family Office LLC grew its position in shares of Kinder Morgan by 74.0% during the second quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock worth $134,185,000 after buying an additional 2,872,665 shares in the last quarter. Barclays PLC grew its holdings in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after acquiring an additional 2,334,273 shares in the last quarter. National Bank of Canada FI increased its position in shares of Kinder Morgan by 295.5% in the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock valued at $64,879,000 after purchasing an additional 2,194,489 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Kinder Morgan by 1,849.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after purchasing an additional 2,053,612 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Kinder Morgan by 20.6% during the 2nd quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock worth $154,409,000 after purchasing an additional 1,328,082 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on KMI. Scotiabank began coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. UBS Group raised their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. The Goldman Sachs Group upped their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada raised their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.67.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the transaction, the president now directly owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the sale, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 745,263 shares of company stock worth $18,578,014 over the last 90 days. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $29.43 on Thursday. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $29.58. The stock has a market capitalization of $65.38 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 3.87 and a beta of 0.94. The company has a 50-day simple moving average of $27.47 and a 200-day simple moving average of $23.91. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 earnings per share. On average, analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily 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 gasification, liquefaction, and storage facilities.