Miracle Mile Advisors LLC Invests $315,000 in Kinder Morgan, Inc. (NYSE:KMI)

Miracle Mile Advisors LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,486 shares of the pipeline company's stock, valued at approximately $315,000.

A number of other institutional investors have also recently bought and sold shares of the business. Kayne Anderson Capital Advisors LP boosted its holdings in shares of Kinder Morgan by 0.7% in the third quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company's stock valued at $233,050,000 after buying an additional 69,307 shares during the period. Barclays PLC increased its holdings in Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after buying an additional 2,334,273 shares during the last quarter. Marshall Wace LLP lifted its stake in Kinder Morgan by 20.6% in the second quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company's stock valued at $154,409,000 after acquiring an additional 1,328,082 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Kinder Morgan by 2.2% during the 3rd quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company's stock worth $163,116,000 after purchasing an additional 164,152 shares during the last quarter. Finally, Duquesne Family Office LLC raised its holdings in shares of Kinder Morgan by 74.0% in the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company's stock valued at $134,185,000 after purchasing an additional 2,872,665 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KMI. Bank of America started coverage on Kinder Morgan in a research note on Thursday, October 17th. They set a "buy" rating and a $27.00 target price for the company. Barclays upped their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday. Wells Fargo & Company raised their target price on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. The Goldman Sachs Group upped their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada increased their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan presently has an average rating of "Moderate Buy" and a consensus price target of $27.00.

Kinder Morgan Stock Up 0.9 %

KMI stock traded up $0.26 during midday trading on Friday, hitting $30.32. The stock had a trading volume of 15,628,990 shares, compared to its average volume of 13,320,277. The business has a 50-day moving average of $27.61 and a two-hundred day moving average of $23.99. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $30.51. The firm has a market cap of $67.36 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 3.71 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm's revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 earnings per share. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now owns 23,995 shares of the company's stock, valued at $597,235.55. The trade was a 10.30 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director C Park Shaper sold 690,142 shares of the company's stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold 745,263 shares of company stock valued at $18,578,014 over the last 90 days. Company insiders own 12.81% of the company's stock.

Kinder Morgan 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.