RPG Investment Advisory LLC Sells 7,003 Shares of Kinder Morgan, Inc. (NYSE:KMI)

RPG Investment Advisory LLC cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 8.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,721 shares of the pipeline company’s stock after selling 7,003 shares during the period. RPG Investment Advisory LLC’s holdings in Kinder Morgan were worth $1,559,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Narwhal Capital Management boosted its stake in shares of Kinder Morgan by 44.7% in the first quarter. Narwhal Capital Management now owns 62,110 shares of the pipeline company’s stock valued at $1,350,000 after buying an additional 19,180 shares during the last quarter. Karpas Strategies LLC boosted its stake in Kinder Morgan by 0.5% in the first quarter. Karpas Strategies LLC now owns 100,715 shares of the pipeline company’s stock worth $2,190,000 after buying an additional 550 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Kinder Morgan during the fourth quarter worth approximately $305,000. Everett Harris & Co. CA boosted its position in Kinder Morgan by 12.9% in the first quarter. Everett Harris & Co. CA now owns 127,345 shares of the pipeline company’s stock worth $2,768,000 after buying an additional 14,502 shares in the last quarter. Finally, Amtrust Financial Services Inc. bought a new position in Kinder Morgan during the fourth quarter worth about $1,554,000. Hedge funds and other institutional investors own 57.53% of the company’s stock.

Shares of Kinder Morgan, Inc. (NYSE:KMI) traded up 0.05% during trading on Monday, reaching $19.55. The company had a trading volume of 8,329,449 shares. Kinder Morgan, Inc. has a 12 month low of $18.31 and a 12 month high of $23.36. The firm has a market capitalization of $43.64 billion, a PE ratio of 64.74 and a beta of 0.63. The stock has a 50 day moving average price of $19.12 and a 200 day moving average price of $20.89. Kinder Morgan also was the target of unusually large options trading on Friday. Stock traders acquired 465 call options on the stock. This is an increase of 122% compared to the average daily volume of 209 call options.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 19th. The pipeline company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. Kinder Morgan had a return on equity of 4.62% and a net margin of 6.27%. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter last year, the business earned $0.12 EPS. Kinder Morgan’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts forecast that Kinder Morgan, Inc. will post $0.66 EPS for the current year.

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A number of analysts have recently weighed in on KMI shares. Wolfe Research lowered shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $26.00 to $21.00 in a research note on Tuesday, May 30th. Credit Suisse Group set a $27.00 price objective on shares of Kinder Morgan and gave the company a “buy” rating in a report on Thursday, April 20th. Vetr upgraded shares of Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $23.88 price target for the company in a research report on Monday, March 20th. Zacks Investment Research cut shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Wednesday, May 31st. Finally, Morgan Stanley restated an “overweight” rating and issued a $25.00 price objective on shares of Kinder Morgan in a report on Monday, July 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $24.22.

In other news, insider Richard D. Kinder acquired 500,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average price of $18.58 per share, for a total transaction of $9,290,000.00. Following the transaction, the insider now directly owns 234,712,353 shares of the company’s stock, valued at approximately $4,360,955,518.74. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Dax Sanders bought 2,600 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of $18.60 per share, for a total transaction of $48,360.00. The disclosure for this purchase can be found here. 13.99% of the stock is owned by company insiders.

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.

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

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