Neuberger Berman Group LLC Has $10.19 Million Position in Kinder Morgan Inc (KMI)

Neuberger Berman Group LLC lifted its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 531,153 shares of the pipeline company’s stock after buying an additional 6,800 shares during the quarter. Neuberger Berman Group LLC’s holdings in Kinder Morgan were worth $10,188,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Private Harbour Investment Management & Counsel LLC grew its stake in Kinder Morgan by 0.3% during the 2nd quarter. Private Harbour Investment Management & Counsel LLC now owns 15,050 shares of the pipeline company’s stock valued at $288,000 after purchasing an additional 50 shares in the last quarter. North Star Asset Management Inc. grew its stake in Kinder Morgan by 0.6% during the 2nd quarter. North Star Asset Management Inc. now owns 10,029 shares of the pipeline company’s stock valued at $192,000 after purchasing an additional 61 shares in the last quarter. CNH Partners LLC grew its stake in Kinder Morgan by 0.4% during the 2nd quarter. CNH Partners LLC now owns 27,467 shares of the pipeline company’s stock valued at $526,000 after purchasing an additional 100 shares in the last quarter. Merriman Wealth Management LLC grew its stake in Kinder Morgan by 0.4% during the 2nd quarter. Merriman Wealth Management LLC now owns 59,481 shares of the pipeline company’s stock valued at $1,140,000 after purchasing an additional 239 shares in the last quarter. Finally, Usca Ria LLC grew its stake in Kinder Morgan by 0.6% during the 2nd quarter. Usca Ria LLC now owns 81,820 shares of the pipeline company’s stock valued at $1,568,000 after purchasing an additional 499 shares in the last quarter. Institutional investors and hedge funds own 60.73% of the company’s stock.

KMI has been the subject of a number of recent analyst reports. SunTrust Banks set a $23.00 price objective on Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, October 19th. Stifel Nicolaus lowered their price objective on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. BMO Capital Markets set a $26.00 price objective on Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, October 12th. Royal Bank of Canada restated a “hold” rating and set a $22.00 price objective on shares of Kinder Morgan in a research note on Wednesday, November 15th. Finally, Zacks Investment Research upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.97.

Kinder Morgan Inc (KMI) opened at $18.11 on Wednesday. The company has a market capitalization of $40,309.98, a P/E ratio of 32.34, a PEG ratio of 1.41 and a beta of 0.62. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.42 and a quick ratio of 0.35. Kinder Morgan Inc has a 12-month low of $16.68 and a 12-month high of $23.01.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.21 billion. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.10) EPS. research analysts expect that Kinder Morgan Inc will post 0.64 earnings per share for the current year.

In other news, VP Thomas A. Martin bought 3,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was bought at an average price of $17.10 per share, for a total transaction of $51,300.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. 13.99% of the stock is currently owned by company insiders.

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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.

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

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