Inc. Holds Stake in Kinder Morgan Inc (KMI)

Inc. Holds Stake in Kinder Morgan Inc (KMI)

With all other things going on, Kinder Morgan, Inc. Inc.'s holdings, making the stock its 8th largest position. Princeton Alpha Management LP's holdings in Kinder Morgan were worth $486,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company.

The president of Kinder Morgan Canada has defended the Trans Mountain project as having gone through rigorous assessments in his first comments since the B.C. NDP-Green party alliance resolved to stop the pipeline expansion. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions. There are brokerage firms with lower targets than the average, including one setting a price target of $26. The firm owned 22,978 shares of the pipeline company's stock after selling 433,408 shares during the period. Moreover, Neuberger Berman Group Incorporated Limited Liability has 0.08% invested in Kinder Morgan Inc (NYSE:KMI). Of the analysts surveyed by Reuters that track Pebblebrook Hotel Trust (PEB), 6 of them rate its stock a hold. Finally, Parsons Capital Management Inc. Birmingham Capital Management Co. Inc. It dived, as 86 investors sold KMI shares while 357 reduced holdings. Cim Investment Mangement Inc. increased its stake in shares of Kinder Morgan by 1.2% in the fourth quarter. The stock has relative volume of 1.53. Finally, Wells Fargo & Co reiterated an "outperform" rating and issued a $25.00 price target (down previously from $26.50) on shares of Kinder Morgan in a report on Monday, May 15th. Grassi Investment Management who had been investing in Kinder Morgan Inc. for a number of months, seems to be bullish on the $42.87B market cap company. Kinder Morgan also was the target of some unusual options trading on Tuesday. On Sunday, August 16 the stock rating was maintained by Goldman Sachs with "Buy". This is an increase of approximately 202% compared to the typical daily volume of 3,252 put options. Tiedemann Wealth Mgmt Ltd Llc stated it has 0.93% of its portfolio in Kinder Morgan Inc (NYSE:KMI). Natixis holds 738,476 shares or 0.16% of its portfolio. Kinder Morgan had a return on equity of 4.20% and a net margin of 5.12%. The company's revenue for the quarter was up 7.2% compared to the same quarter past year. During the same quarter in the previous year, the business posted $0.12 EPS. Equities analysts anticipate that Kinder Morgan Inc will post $0.67 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 1st were given a dividend of $0.125 per share. Alphamark Advsrs Limited Liability Company owns 2,150 shares or 0.02% of their USA portfolio. Kinder Morgan's dividend payout ratio (DPR) is 200.00%.

COPYRIGHT VIOLATION WARNING: This story was published by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of worldwide trademark & copyright laws. (NYSE:KMI) stock have an ABR of 1.68.

"Kinder Morgan has put up 102.9 million shares on offer at $17 each â€" down from $19 to $21 it had initially sought â€" which will leave it with control of about 70 per cent of the Canadian entity. Also, it has an estimated price-earnings (P/E) multiple of 24.79 and a trailing 12-month price-earnings (P/E) multiple of 62.47.

Among 17 analysts covering Kinder Morgan (NYSE:KMI), 11 have Buy rating, 0 Sell and 6 Hold. The stock has "Neutral" rating by Citigroup on Tuesday, July 19.

In other Kinder Morgan news, VP Dax Sanders purchased 2,600 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, May 30th. Chicago Partners Investment Group LLC now owns 412,934 shares of the pipeline company's stock worth $9,551,000 after buying an additional 27,711 shares during the period. The shares were purchased at an average cost of $18.58 per share, for a total transaction of $9,290,000.00. Thomson Horstmann & Bryant Inc, a Connecticut-based fund reported 284,450 shares. The disclosure for this purchase can be found here.

The company was under the gun to make an FID by the end of this month, since its agreement with 13 shippers that have allocations for new pipeline capacity on the expanded pipeline was contingent on the company taking an FID by then. Wealthtrust stated it has 0.01% in Kinder Morgan Inc (NYSE:KMI). The Firm operates through the design, manufacture, and sale of maternity apparel and related accessories segment. 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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