Kinder Morgan, Inc. (KMI) Stake Lifted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 74.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,602 shares of the pipeline company’s stock after purchasing an additional 9,187 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Kinder Morgan were worth $414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Trust Co. of Vermont raised its stake in shares of Kinder Morgan by 71.5% in the first quarter. Trust Co. of Vermont now owns 6,522 shares of the pipeline company’s stock worth $142,000 after purchasing an additional 2,719 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Kinder Morgan by 14.0% in the second quarter. Parallel Advisors LLC now owns 6,673 shares of the pipeline company’s stock worth $136,000 after purchasing an additional 819 shares during the last quarter. Guardian Life Insurance Co. of America raised its stake in shares of Kinder Morgan by 0.8% in the first quarter. Guardian Life Insurance Co. of America now owns 7,416 shares of the pipeline company’s stock worth $161,000 after purchasing an additional 60 shares during the last quarter. Salem Investment Counselors Inc. raised its stake in shares of Kinder Morgan by 20.6% in the first quarter. Salem Investment Counselors Inc. now owns 7,959 shares of the pipeline company’s stock worth $171,000 after purchasing an additional 1,359 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Kinder Morgan by 770.5% in the second quarter. CWM LLC now owns 8,052 shares of the pipeline company’s stock worth $154,000 after purchasing an additional 7,127 shares during the last quarter. Hedge funds and other institutional investors own 59.15% of the company’s stock.

Shares of Kinder Morgan, Inc. (NYSE:KMI) opened at 19.36 on Friday. The stock has a market cap of $43.24 billion, a PE ratio of 63.89 and a beta of 0.65. The firm has a 50-day moving average price of $19.37 and a 200-day moving average price of $19.99. Kinder Morgan, Inc. has a 12 month low of $18.23 and a 12 month high of $23.36.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 19th. The pipeline company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Kinder Morgan had a net margin of 6.20% and a return on equity of 4.41%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 EPS. Equities analysts forecast that Kinder Morgan, Inc. will post $0.64 EPS for the current year.

Kinder Morgan declared that its board has authorized a share buyback plan on Wednesday, July 19th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the pipeline company to buy up to 4.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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Several research firms have recently weighed in on KMI. BidaskClub cut Kinder Morgan from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Stifel Nicolaus set a $25.00 price target on Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, August 17th. Jefferies Group LLC restated a “hold” rating and issued a $20.00 price target on shares of Kinder Morgan in a research note on Thursday, July 20th. Zacks Investment Research upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Mizuho began coverage on Kinder Morgan in a research note on Thursday, July 27th. They issued a “neutral” rating and a $22.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Kinder Morgan has an average rating of “Buy” and an average target price of $23.91.

In related news, Director William A. Smith acquired 4,903 shares of Kinder Morgan stock in a transaction on Monday, July 31st. The stock was acquired at an average price of $20.24 per share, for a total transaction of $99,236.72. Following the purchase, the director now owns 14,587 shares of the company’s stock, valued at approximately $295,240.88. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 13.99% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.

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

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