Verus Capital Partners LLC trimmed its position in Kinder Morgan Inc (NYSE:KMI) by 40.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,636 shares of the pipeline company’s stock after selling 4,550 shares during the quarter. Verus Capital Partners LLC’s holdings in Kinder Morgan were worth $92,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. FDx Advisors Inc. raised its stake in shares of Kinder Morgan by 21.0% in the first quarter. FDx Advisors Inc. now owns 55,436 shares of the pipeline company’s stock valued at $772,000 after purchasing an additional 9,607 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Kinder Morgan by 36.8% in the first quarter. HighTower Advisors LLC now owns 1,773,477 shares of the pipeline company’s stock valued at $24,678,000 after purchasing an additional 476,995 shares in the last quarter. Coe Capital Management LLC acquired a new position in shares of Kinder Morgan in the first quarter valued at $448,000. APG Asset Management N.V. raised its stake in shares of Kinder Morgan by 39.2% in the first quarter. APG Asset Management N.V. now owns 4,296,938 shares of the pipeline company’s stock valued at $59,813,000 after purchasing an additional 1,208,983 shares in the last quarter. Finally, Griffin Asset Management Inc. raised its stake in shares of Kinder Morgan by 36.3% in the first quarter. Griffin Asset Management Inc. now owns 247,057 shares of the pipeline company’s stock valued at $3,439,000 after purchasing an additional 65,734 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

In related news, Director William A. Smith purchased 6,500 shares of Kinder Morgan stock in a transaction on Thursday, April 30th. The shares were purchased at an average price of $15.35 per share, for a total transaction of $99,775.00. Following the transaction, the director now owns 21,087 shares of the company’s stock, valued at approximately $323,685.45. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 14.19% of the company’s stock.

KMI has been the subject of several recent analyst reports. Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $16.00 price objective for the company in a research note on Tuesday, March 24th. US Capital Advisors upgraded Kinder Morgan from a “hold” rating to a “buy” rating in a research note on Friday, March 13th. TheStreet lowered Kinder Morgan from a “b-” rating to a “c+” rating in a research note on Tuesday, March 24th. Morgan Stanley increased their price objective on Kinder Morgan from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Finally, Stifel Nicolaus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $23.00 to $20.00 in a research note on Sunday, March 15th. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $19.21.

Shares of Kinder Morgan stock traded down $0.30 during trading on Friday, reaching $14.66. 1,049,957 shares of the company’s stock were exchanged, compared to its average volume of 14,623,099. The company has a market cap of $33.38 billion, a P/E ratio of 25.45, a PEG ratio of 5.74 and a beta of 1.05. Kinder Morgan Inc has a 1-year low of $9.42 and a 1-year high of $22.58. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.50 and a current ratio of 0.55. The firm’s 50-day moving average price is $15.65 and its 200 day moving average price is $17.74.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.41 billion. Kinder Morgan had a return on equity of 6.24% and a net margin of 10.31%. The company’s revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 EPS. As a group, equities research analysts predict that Kinder Morgan Inc will post 0.86 EPS for the current year.

Kinder Morgan Company Profile

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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