Trade Report: The Swift Run Capital Management LLC Reduces Position in Kinder Morgan Inc. (KMI)

The Swift Run Capital Management LLC Reduces Position in Kinder Morgan Inc. (KMI)

Swift Run Capital Management LLC decreased its stake in Kinder Morgan Inc. (NYSE:KMI) by 67.8% during the second quarter, Holdings Channel reports. The firm owned 28,528 shares of the company’s stock after selling 59,940 shares during the period. Swift Run Capital Management LLC’s holdings in Kinder Morgan were worth $534,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KMI. SignalPoint Asset Management LLC boosted its stake in Kinder Morgan by 0.7% in the second quarter. SignalPoint Asset Management LLC now owns 47,349 shares of the company’s stock valued at $886,000 after buying an additional 333 shares during the period. Burke & Herbert Bank & Trust Co. boosted its stake in Kinder Morgan by 9.3% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 11,759 shares of the company’s stock valued at $220,000 after buying an additional 1,000 shares during the period. CG Asset Management LLC boosted its stake in Kinder Morgan by 7.8% in the second quarter. CG Asset Management LLC now owns 19,550 shares of the company’s stock valued at $366,000 after buying an additional 1,411 shares during the period. First National Trust Co. boosted its stake in Kinder Morgan by 28.7% in the second quarter. First National Trust Co. now owns 30,748 shares of the company’s stock valued at $576,000 after buying an additional 6,858 shares during the period. Finally, ING Groep NV boosted its stake in Kinder Morgan by 22.8% in the second quarter. ING Groep NV now owns 140,276 shares of the company’s stock valued at $2,626,000 after buying an additional 26,020 shares during the period. 54.61% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Inc. (NYSE:KMI) traded down 0.92% during mid-day trading on Friday, reaching $20.36. 15,661,846 shares of the company were exchanged. The stock has a market capitalization of $45.45 billion, a P/E ratio of 727.14 and a beta of 0.69. Kinder Morgan Inc. has a 12 month low of $11.20 and a 12 month high of $32.79. The company’s 50 day moving average price is $21.94 and its 200-day moving average price is $19.59.

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

Several brokerages recently commented on KMI. Wolfe Research began coverage on shares of Kinder Morgan in a research note on Friday, October 7th. They set a “hold” rating and a $24.00 price target on the stock. Vetr upgraded shares of Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $25.20 price target on the stock in a research note on Tuesday, October 4th. Stifel Nicolaus lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $24.00 price target on the stock. in a research note on Tuesday, October 4th. Zacks Investment Research upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, September 20th. Finally, Morgan Stanley upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $23.00 to $24.00 in a research note on Thursday, August 18th. Thirteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $21.35.

About Kinder Morgan

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.

Related posts

Leave a Comment