Zurcher Kantonalbank Zurich Cantonalbank Purchases 402,511 Shares of Kinder Morgan, Inc. $KMI

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 84.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 880,250 shares of the pipeline company’s stock after purchasing an additional 402,511 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kinder Morgan were worth $24,198,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Kinder Morgan by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 208,116,318 shares of the pipeline company’s stock valued at $5,891,773,000 after purchasing an additional 896,837 shares in the last quarter. Orbis Allan Gray Ltd raised its position in Kinder Morgan by 3.1% during the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock valued at $665,474,000 after purchasing an additional 670,856 shares in the last quarter. Invesco Ltd. raised its position in Kinder Morgan by 1.0% during the 3rd quarter. Invesco Ltd. now owns 22,165,368 shares of the pipeline company’s stock valued at $627,502,000 after purchasing an additional 216,039 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Kinder Morgan by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 16,551,759 shares of the pipeline company’s stock valued at $468,588,000 after purchasing an additional 205,820 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Kinder Morgan by 1.4% during the 3rd quarter. Legal & General Group Plc now owns 15,878,898 shares of the pipeline company’s stock valued at $449,532,000 after purchasing an additional 213,741 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Activity

In other Kinder Morgan news, Director William A. Smith bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were purchased at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the purchase, the director directly owned 31,087 shares in the company, valued at $924,838.25. This represents a 10.68% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $31.72, for a total value of $49,166.00. Following the transaction, the vice president owned 44,843 shares in the company, valued at approximately $1,422,419.96. This trade represents a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 49,598 shares of company stock worth $1,552,572 over the last quarter. Company insiders own 12.72% of the company’s stock.

Kinder Morgan Trading Down 1.0%

Shares of NYSE:KMI opened at $31.63 on Wednesday. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.73. The business’s fifty day simple moving average is $32.92 and its 200-day simple moving average is $29.43. The company has a market capitalization of $70.38 billion, a PE ratio of 23.09, a P/E/G ratio of 2.90 and a beta of 0.64. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the business posted $0.30 EPS. The business’s revenue was up 13.1% compared to the same quarter last year. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. Royal Bank Of Canada lifted their price target on Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a report on Monday, March 30th. Finally, TD Cowen lifted their price target on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $34.33.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.