Louisiana State Employees Retirement System Takes Position in Kinder Morgan, Inc. (NYSE:KMI)

Louisiana State Employees Retirement System purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 116,900 shares of the pipeline company’s stock, valued at approximately $2,062,000.

Several other large investors have also modified their holdings of the business. Gotham Asset Management LLC grew its position in shares of Kinder Morgan by 11.3% in the 3rd quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock worth $8,843,000 after buying an additional 54,184 shares during the last quarter. Rheos Capital Works Inc. purchased a new position in shares of Kinder Morgan in the 3rd quarter worth approximately $4,642,000. Virginia Wealth Management Group Inc. grew its position in shares of Kinder Morgan by 1.6% in the 3rd quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock worth $3,337,000 after buying an additional 3,085 shares during the last quarter. Bahl & Gaynor Inc. grew its position in shares of Kinder Morgan by 69.2% in the 3rd quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company’s stock worth $65,577,000 after buying an additional 1,617,250 shares during the last quarter. Finally, Teza Capital Management LLC grew its position in shares of Kinder Morgan by 190.9% in the 3rd quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock worth $8,742,000 after buying an additional 346,000 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

KMI has been the topic of a number of analyst reports. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial reissued a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.20.

Kinder Morgan Stock Up 0.4 %

KMI stock opened at $17.76 on Thursday. The firm’s fifty day simple moving average is $17.71 and its 200-day simple moving average is $17.36. The company has a market capitalization of $39.42 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $18.72.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

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.