Trading Report: The North Star Asset Management Inc. Holds Stake in Kinder Morgan Inc. (KMI)

The North Star Asset Management Inc. Holds Stake in Kinder Morgan Inc. (KMI)

North Star Asset Management Inc. held its position in shares of Kinder Morgan Inc. (NYSE:KMI) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,110 shares of the company’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in Kinder Morgan were worth $234,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in KMI. Wellington Management Group LLP raised its stake in Kinder Morgan by 50.1% in the first quarter. Wellington Management Group LLP now owns 6,333,502 shares of the company’s stock valued at $113,117,000 after buying an additional 2,114,436 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of Kinder Morgan by 6.6% in the second quarter. GW&K Investment Management LLC now owns 891,435 shares of the company’s stock valued at $16,688,000 after buying an additional 55,463 shares during the period. Confluence Investment Management LLC raised its stake in shares of Kinder Morgan by 16.7% in the second quarter. Confluence Investment Management LLC now owns 2,352,603 shares of the company’s stock valued at $44,041,000 after buying an additional 337,389 shares during the period. Strs Ohio raised its stake in shares of Kinder Morgan by 3.9% in the second quarter. Strs Ohio now owns 2,453,299 shares of the company’s stock valued at $45,925,000 after buying an additional 92,698 shares during the period. Finally, Harvest Fund Advisors LLC raised its stake in shares of Kinder Morgan by 30.6% in the first quarter. Harvest Fund Advisors LLC now owns 5,144,965 shares of the company’s stock valued at $91,889,000 after buying an additional 1,204,201 shares during the period. Institutional investors own 54.61% of the company’s stock.

Shares of Kinder Morgan Inc. (NYSE:KMI) traded up 0.552% during mid-day trading on Wednesday, hitting $20.935. The stock had a trading volume of 8,241,701 shares. The stock has a market cap of $46.73 billion, a P/E ratio of 747.679 and a beta of 0.69. The company’s 50 day moving average is $22.02 and its 200-day moving average is $19.58. Kinder Morgan Inc. has a 52-week low of $11.20 and a 52-week high of $32.79.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The business earned $3.14 billion during the quarter, compared to the consensus estimate of $3.45 billion. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. The firm’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. On average, equities research analysts anticipate that Kinder Morgan Inc. will post $0.67 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on KMI shares. Vetr lowered Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $19.59 price target for the company. in a research note on Wednesday, June 15th. Zacks Investment Research raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Monday, June 20th. TheStreet raised Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Deutsche Bank AG reiterated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 29th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Kinder Morgan in a report on Tuesday, July 12th. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $21.35.

Kinder Morgan Company Profile

Kinder Morgan, Inc (KMI) is an energy infrastructure company in North America. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Company’s Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.

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