Kinder Morgan Inc (KMI) Holdings Cut by Ropes Wealth Advisors LLC

Ropes Wealth Advisors LLC lessened its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 9.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,757 shares of the pipeline company’s stock after selling 1,733 shares during the period. Ropes Wealth Advisors LLC’s holdings in Kinder Morgan were worth $315,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Webster Bank N. A. acquired a new stake in Kinder Morgan during the 1st quarter worth about $31,000. Intercontinental Wealth Advisors LLC acquired a new stake in Kinder Morgan during the 4th quarter worth about $28,000. Cordasco Financial Network raised its holdings in Kinder Morgan by 668.7% during the 1st quarter. Cordasco Financial Network now owns 1,868 shares of the pipeline company’s stock worth $37,000 after buying an additional 1,625 shares during the period. Cornerstone Advisors Inc. raised its holdings in Kinder Morgan by 129.8% during the 4th quarter. Cornerstone Advisors Inc. now owns 1,896 shares of the pipeline company’s stock worth $29,000 after buying an additional 1,071 shares during the period. Finally, Bedel Financial Consulting Inc. raised its holdings in Kinder Morgan by 573.6% during the 4th quarter. Bedel Financial Consulting Inc. now owns 1,987 shares of the pipeline company’s stock worth $31,000 after buying an additional 1,692 shares during the period. Hedge funds and other institutional investors own 64.72% of the company’s stock.

Several analysts have issued reports on the company. TheStreet upgraded Kinder Morgan from a “c” rating to a “b-” rating in a report on Wednesday, January 16th. JPMorgan Chase & Co. downgraded Kinder Morgan from an “overweight” rating to a “neutral” rating and upped their target price for the company from $21.00 to $22.00 in a report on Friday, March 22nd. Goldman Sachs Group downgraded Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 target price on the stock. in a report on Thursday, March 28th. Argus reiterated a “buy” rating and issued a $23.00 target price on shares of Kinder Morgan in a report on Tuesday, January 22nd. Finally, ValuEngine upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $21.32.

In other news, Director Deborah Macdonald purchased 2,500 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was acquired at an average price of $19.89 per share, with a total value of $49,725.00. Following the purchase, the director now owns 25,328 shares in the company, valued at approximately $503,773.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard D. Kinder purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, January 29th. The stock was purchased at an average cost of $17.92 per share, with a total value of $896,000.00. Following the purchase, the insider now owns 235,262,353 shares in the company, valued at approximately $4,215,901,365.76. The disclosure for this purchase can be found here. In the last three months, insiders purchased 2,915,912 shares of company stock valued at $55,421,264. 13.95% of the stock is currently owned by company insiders.

Shares of NYSE KMI traded down $0.09 during trading hours on Monday, hitting $19.73. The stock had a trading volume of 311,400 shares, compared to its average volume of 14,602,230. The stock has a market cap of $43.72 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.63 and a beta of 0.96. Kinder Morgan Inc has a 52 week low of $14.62 and a 52 week high of $20.44. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.71 and a current ratio of 0.76.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 16th. The pipeline company reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The business had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Kinder Morgan had a return on equity of 5.86% and a net margin of 11.38%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 EPS. On average, analysts predict that Kinder Morgan Inc will post 1.01 EPS for the current year.

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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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