USA Financial Formulas Acquires 10,538 Shares of Kinder Morgan, Inc. (NYSE:KMI)

USA Financial Formulas increased its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 27.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,271 shares of the pipeline company's stock after acquiring an additional 10,538 shares during the period. Kinder Morgan comprises about 0.2% of USA Financial Formulas' holdings, making the stock its 22nd largest holding. USA Financial Formulas' holdings in Kinder Morgan were worth $1,323,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KMI. American Century Companies Inc. grew its holdings in shares of Kinder Morgan by 1.6% during the 2nd quarter. American Century Companies Inc. now owns 346,183 shares of the pipeline company's stock valued at $6,879,000 after acquiring an additional 5,402 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Kinder Morgan by 2.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 88,969 shares of the pipeline company's stock valued at $1,768,000 after purchasing an additional 2,356 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in Kinder Morgan by 11.0% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 24,103 shares of the pipeline company's stock worth $479,000 after purchasing an additional 2,385 shares during the last quarter. One Capital Management LLC purchased a new stake in shares of Kinder Morgan during the 2nd quarter worth about $507,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Kinder Morgan during the 2nd quarter worth about $213,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now directly owns 897,652 shares of the company's stock, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 745,263 shares of company stock valued at $18,578,014 in the last ninety days. Company insiders own 12.64% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on KMI shares. Bank of America began coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a "buy" rating and a $27.00 price objective on the stock. 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 note on Tuesday, October 22nd. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a report on Friday, October 18th. UBS Group upped their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Finally, Barclays raised their target price on Kinder Morgan from $27.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

Kinder Morgan Stock Performance

NYSE:KMI traded up $0.57 during mid-day trading on Thursday, hitting $30.01. 10,836,031 shares of the company's stock traded hands, compared to its average volume of 11,966,830. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average of $27.47 and a two-hundred day moving average of $23.91. The firm has a market capitalization of $66.66 billion, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 3.71 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $30.02.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company's revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 EPS. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.17 earnings per share for the current fiscal year.

Kinder Morgan Company 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.