USA Financial Formulas Increases Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

USA Financial Formulas grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 27.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,271 shares of the pipeline company’s stock after acquiring an additional 10,538 shares during the period. Kinder Morgan comprises approximately 0.2% of USA Financial Formulas’ investment portfolio, making the stock its 22nd biggest holding. USA Financial Formulas’ holdings in Kinder Morgan were worth $1,323,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of KMI. CHURCHILL MANAGEMENT Corp raised its holdings in shares of Kinder Morgan by 2.0% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 486,036 shares of the pipeline company’s stock valued at $13,317,000 after purchasing an additional 9,756 shares in the last quarter. Burney Co. increased its holdings in Kinder Morgan by 316.7% during the fourth quarter. Burney Co. now owns 189,308 shares of the pipeline company’s stock valued at $5,187,000 after buying an additional 143,881 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Kinder Morgan by 30.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,797 shares of the pipeline company’s stock worth $734,000 after buying an additional 6,237 shares during the period. Park Avenue Securities LLC boosted its position in Kinder Morgan by 80.7% during the 4th quarter. Park Avenue Securities LLC now owns 70,104 shares of the pipeline company’s stock valued at $1,921,000 after acquiring an additional 31,308 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its holdings in shares of Kinder Morgan by 31.1% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 65,631 shares of the pipeline company’s stock valued at $1,798,000 after acquiring an additional 15,586 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In related news, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This represents a 9.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 745,263 shares of company stock valued at $18,578,014 in the last three months. 12.81% of the stock is owned by corporate insiders.

Kinder Morgan Stock Up 1.1 %

NYSE KMI opened at $29.43 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The business has a fifty day moving average price of $27.47 and a 200 day moving average price of $23.91. The company has a market cap of $65.38 billion, a P/E ratio of 25.82, a P/E/G ratio of 3.71 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $29.58.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the business posted $0.25 EPS. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. Research analysts anticipate that Kinder Morgan, Inc. will post 1.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Royal Bank of Canada lifted their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Barclays upped their target price on Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Scotiabank began coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target for the company. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research note on Friday, October 18th. Finally, Wells Fargo & Company increased their price target on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.67.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily 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 gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.