As Kinder Morgan In (KMI) Share Price Declined, Viking Fund Management LLC Increased Position

April 17, 2018 - By Jason Grubb

Kinder Morgan, Inc. (NYSE:KMI) LogoInvestors sentiment decreased to 0.7 in 2017 Q4. Its down 0.07, from 0.77 in 2017Q3. It dived, as 75 investors sold KMI shares while 372 reduced holdings. 83 funds opened positions while 231 raised stakes. 1.31 billion shares or 0.25% more from 1.31 billion shares in 2017Q3 were reported. First Allied Advisory Ser owns 133,822 shares. Private Advisor Grp Limited Liability owns 0.07% invested in Kinder Morgan, Inc. (NYSE:KMI) for 94,555 shares. Moreover, Los Angeles Capital Mgmt & Equity Rech Inc has 0.04% invested in Kinder Morgan, Inc. (NYSE:KMI) for 441,144 shares. Millennium Mngmt Ltd Liability has invested 0.11% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI). Girard Prns stated it has 16,607 shares or 0.06% of all its holdings. Tci Wealth Advsrs holds 0.04% or 5,649 shares. Dearborn Prtnrs Limited Liability Company, Illinois-based fund reported 12,797 shares. Moreover, Lombard Odier Asset Mgmt (Europe) has 0.03% invested in Kinder Morgan, Inc. (NYSE:KMI) for 23,806 shares. Pub Sector Pension Invest Board holds 218,982 shares. World Asset Management Incorporated stated it has 0.1% in Kinder Morgan, Inc. (NYSE:KMI). Plante Moran Fin Advisors Ltd Liability Corporation owns 2,463 shares or 0.02% of their US portfolio. Boyd Watterson Asset Mgmt Ltd Llc Oh has invested 0.26% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI). Sei Invs invested in 0.07% or 1.07 million shares. Morgan Stanley accumulated 12.57 million shares or 0.06% of the stock. Chevy Chase Trust Hldgs, Maryland-based fund reported 1.67 million shares.

Viking Fund Management Llc increased its stake in Kinder Morgan In (KMI) by 74.66% based on its latest 2017Q4 regulatory filing with the SEC. Viking Fund Management Llc bought 412,500 shares as the company’s stock declined 16.40% with the market. The institutional investor held 965,000 shares of the public utilities company at the end of 2017Q4, valued at $17.44M, up from 552,500 at the end of the previous reported quarter. Viking Fund Management Llc who had been investing in Kinder Morgan In for a number of months, seems to be bullish on the $35.13B market cap company. The stock increased 1.56% or $0.24 during the last trading session, reaching $15.93. About 6.38 million shares traded. Kinder Morgan, Inc. (NYSE:KMI) has declined 28.25% since April 17, 2017 and is downtrending. It has underperformed by 39.80% the S&P500.

Viking Fund Management Llc, which manages about $1.05 billion and $612.38 million US Long portfolio, decreased its stake in Valero Energy (NYSE:VLO) by 40,700 shares to 75,000 shares, valued at $6.89M in 2017Q4, according to the filing. It also reduced its holding in Diamondback Ener (NASDAQ:FANG) by 40,000 shares in the quarter, leaving it with 180,000 shares, and cut its stake in Halliburton Co (NYSE:HAL).

Kinder Morgan, Inc. (NYSE:KMI) Ratings Coverage

Among 13 analysts covering Kinder Morgan (NYSE:KMI), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Kinder Morgan had 17 analyst reports since October 19, 2017 according to SRatingsIntel. Citigroup upgraded the stock to “Buy” rating in Tuesday, March 27 report. Bank of America upgraded the shares of KMI in report on Wednesday, March 21 to “Buy” rating. RBC Capital Markets maintained it with “Hold” rating and $22.0 target in Thursday, January 18 report. The firm has “Overweight” rating given on Friday, February 9 by Morgan Stanley. The stock of Kinder Morgan, Inc. (NYSE:KMI) has “Buy” rating given on Monday, January 29 by Argus Research. Wells Fargo downgraded Kinder Morgan, Inc. (NYSE:KMI) rating on Thursday, January 11. Wells Fargo has “Hold” rating and $21.0 target. The stock of Kinder Morgan, Inc. (NYSE:KMI) earned “Hold” rating by Mizuho on Wednesday, April 11. JP Morgan maintained Kinder Morgan, Inc. (NYSE:KMI) on Monday, February 12 with “Overweight” rating. The firm has “Hold” rating given on Thursday, January 25 by Mizuho. On Friday, November 17 the stock rating was maintained by Morgan Stanley with “Overweight”.

Kinder Morgan, Inc. (NYSE:KMI) Institutional Positions Chart

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