Private Trust Co. NA Reduces Stake in Kinder Morgan Inc (KMI)

Private Trust Co. NA lowered its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 56.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 23,853 shares of the pipeline company’s stock after selling 30,437 shares during the quarter. Private Trust Co. NA’s holdings in Kinder Morgan were worth $431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Factory Mutual Insurance Co. raised its holdings in shares of Kinder Morgan by 5.4% during the fourth quarter. Factory Mutual Insurance Co. now owns 1,957,500 shares of the pipeline company’s stock valued at $35,372,000 after purchasing an additional 100,000 shares during the period. Country Club Trust Company n.a. acquired a new position in shares of Kinder Morgan during the fourth quarter valued at about $728,000. Adams Asset Advisors LLC raised its holdings in shares of Kinder Morgan by 41.3% during the fourth quarter. Adams Asset Advisors LLC now owns 263,184 shares of the pipeline company’s stock valued at $4,755,000 after purchasing an additional 76,951 shares during the period. Acropolis Investment Management LLC raised its holdings in shares of Kinder Morgan by 15.7% during the fourth quarter. Acropolis Investment Management LLC now owns 33,400 shares of the pipeline company’s stock valued at $604,000 after purchasing an additional 4,540 shares during the period. Finally, American National Bank raised its holdings in shares of Kinder Morgan by 6.2% during the fourth quarter. American National Bank now owns 194,104 shares of the pipeline company’s stock valued at $3,507,000 after purchasing an additional 11,318 shares during the period. Hedge funds and other institutional investors own 60.78% of the company’s stock.

Shares of Kinder Morgan Inc (NYSE:KMI) opened at $19.39 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.42 and a quick ratio of 0.35. The company has a market cap of $43,592.84, a PE ratio of 34.63, a price-to-earnings-growth ratio of 1.33 and a beta of 0.62. Kinder Morgan Inc has a one year low of $16.68 and a one year high of $23.01.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 18th. The pipeline company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.21 billion. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.10) EPS. equities research analysts forecast that Kinder Morgan Inc will post 0.65 earnings per share for the current year.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Kinder Morgan from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Wells Fargo & Co reiterated a “market perform” rating on shares of Kinder Morgan in a report on Thursday, January 11th. Bank of America began coverage on shares of Kinder Morgan in a report on Tuesday, January 9th. They set a “neutral” rating on the stock. Credit Suisse Group began coverage on shares of Kinder Morgan in a report on Thursday, January 4th. They issued an “outperform” rating and a $23.00 target price on the stock. Finally, Mizuho restated a “hold” rating and issued a $22.00 target price on shares of Kinder Morgan in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $22.72.

In other news, VP Thomas A. Martin acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was purchased at an average price of $17.10 per share, for a total transaction of $51,300.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 13.99% of the company’s stock.

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About Kinder Morgan

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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