WESPAC Advisors SoCal LLC Raises Stake in Kinder Morgan Inc (NYSE:KMI)

WESPAC Advisors SoCal LLC lifted its position in shares of Kinder Morgan Inc (NYSE:KMI) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 233,875 shares of the pipeline company’s stock after buying an additional 1,875 shares during the quarter. Kinder Morgan makes up 2.4% of WESPAC Advisors SoCal LLC’s investment portfolio, making the stock its 23rd largest position. WESPAC Advisors SoCal LLC’s holdings in Kinder Morgan were worth $4,820,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Kinder Morgan by 1.0% during the second quarter. Vanguard Group Inc. now owns 163,647,617 shares of the pipeline company’s stock worth $3,416,963,000 after buying an additional 1,577,219 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Kinder Morgan by 4.4% during the second quarter. Northern Trust Corp now owns 23,092,598 shares of the pipeline company’s stock worth $482,174,000 after buying an additional 970,639 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Kinder Morgan by 5.6% during the second quarter. Bank of New York Mellon Corp now owns 19,756,052 shares of the pipeline company’s stock worth $412,506,000 after buying an additional 1,047,033 shares in the last quarter. Energy Income Partners LLC grew its holdings in shares of Kinder Morgan by 4.9% during the second quarter. Energy Income Partners LLC now owns 17,262,613 shares of the pipeline company’s stock worth $360,443,000 after buying an additional 812,350 shares in the last quarter. Finally, Charles Schwab Investment Advisory Inc. boosted its position in shares of Kinder Morgan by 85.4% in the second quarter. Charles Schwab Investment Advisory Inc. now owns 12,328,127 shares of the pipeline company’s stock worth $257,411,000 after acquiring an additional 5,679,805 shares during the last quarter. Institutional investors and hedge funds own 61.76% of the company’s stock.

Several equities research analysts recently issued reports on KMI shares. Scotiabank started coverage on shares of Kinder Morgan in a research report on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 target price on the stock. TD Securities started coverage on shares of Kinder Morgan in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 target price on the stock. Scotia Howard Weill started coverage on shares of Kinder Morgan in a research report on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 target price on the stock. ValuEngine cut shares of Kinder Morgan from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Finally, BMO Capital Markets cut shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 target price on the stock. in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Kinder Morgan presently has an average rating of “Hold” and a consensus target price of $22.11.

Shares of KMI traded down $0.03 during mid-day trading on Thursday, hitting $19.99. The company had a trading volume of 8,405,077 shares, compared to its average volume of 9,281,986. The business’s 50-day simple moving average is $20.42 and its 200-day simple moving average is $20.34. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 0.96. Kinder Morgan Inc has a 1-year low of $14.62 and a 1-year high of $21.50. The stock has a market cap of $45.59 billion, a PE ratio of 22.46, a P/E/G ratio of 4.22 and a beta of 0.81.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.51 billion. Kinder Morgan had a net margin of 16.50% and a return on equity of 6.23%. The company’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. On average, sell-side analysts expect that Kinder Morgan Inc will post 0.96 earnings per share for the current year.

In other Kinder Morgan news, VP Dax Sanders sold 71,944 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $20.05, for a total transaction of $1,442,477.20. Following the transaction, the vice president now directly owns 204,605 shares of the company’s stock, valued at $4,102,330.25. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Deborah Macdonald purchased 5,000 shares of Kinder Morgan stock in a transaction on Friday, August 23rd. The shares were acquired at an average cost of $19.91 per share, for a total transaction of $99,550.00. Following the completion of the transaction, the director now owns 30,328 shares of the company’s stock, valued at $603,830.48. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 705,000 shares of company stock worth $14,007,550. 13.95% of the stock is currently owned by corporate insiders.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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

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