Free Trial

Edgestream Partners L.P. Boosts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Kinder Morgan logo with Energy background

Edgestream Partners L.P. increased its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 113.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 157,475 shares of the pipeline company's stock after purchasing an additional 83,631 shares during the quarter. Edgestream Partners L.P.'s holdings in Kinder Morgan were worth $4,493,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Hurley Capital LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth $25,000. Sierra Ocean LLC boosted its holdings in Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after buying an additional 788 shares during the period. Fourth Dimension Wealth LLC bought a new stake in Kinder Morgan during the 4th quarter valued at approximately $26,000. Morse Asset Management Inc purchased a new position in Kinder Morgan during the fourth quarter valued at $27,000. Finally, Heck Capital Advisors LLC bought a new position in Kinder Morgan during the fourth quarter valued at approximately $29,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KMI has been the topic of a number of analyst reports. TD Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Scotiabank lifted their price target on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a report on Monday, July 7th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Kinder Morgan currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.47.

Get Our Latest Stock Analysis on Kinder Morgan

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following the sale, the president directly owned 771,652 shares in the company, valued at $21,806,885.52. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Stock Performance

NYSE:KMI traded down $0.49 during mid-day trading on Thursday, reaching $27.43. 16,633,635 shares of the stock were exchanged, compared to its average volume of 13,974,924. The company has a 50 day simple moving average of $27.98 and a 200-day simple moving average of $27.60. The stock has a market capitalization of $60.94 billion, a P/E ratio of 23.65, a P/E/G ratio of 3.01 and a beta of 0.75. Kinder Morgan, Inc. has a 1 year low of $19.68 and a 1 year high of $31.48. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the company posted $0.26 earnings per share. The business's revenue was up 13.2% on a year-over-year basis. Analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

About Kinder Morgan

(Free Report)

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.

Featured Stories

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

Should You Invest $1,000 in Kinder Morgan Right Now?

Before you consider Kinder Morgan, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kinder Morgan wasn't on the list.

While Kinder Morgan currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Time to Cash Out? 5 Stocks to Drop Before Earnings
Watch Before Monday: Stocks to Load Up on Before Earnings
3 Hot Growth Stocks to Watch Right Now!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines