Fayez Sarofim & Co. lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,152,835 shares of the pipeline company’s stock after selling 7,801 shares during the quarter. Kinder Morgan makes up 1.5% of Fayez Sarofim & Co.’s portfolio, making the stock its 20th biggest holding. Fayez Sarofim & Co. owned approximately 0.68% of Kinder Morgan worth $290,632,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in KMI. Commonwealth Bank of Australia grew its holdings in Kinder Morgan by 45.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 19,733,993 shares of the pipeline company’s stock valued at $378,101,000 after buying an additional 6,205,165 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Kinder Morgan by 133.5% during the 2nd quarter. Renaissance Technologies LLC now owns 8,210,372 shares of the pipeline company’s stock valued at $157,311,000 after buying an additional 4,694,441 shares in the last quarter. Eagle Global Advisors LLC grew its holdings in Kinder Morgan by 54.8% during the 2nd quarter. Eagle Global Advisors LLC now owns 6,487,737 shares of the pipeline company’s stock valued at $124,305,000 after buying an additional 2,295,410 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Kinder Morgan by 22.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,901,548 shares of the pipeline company’s stock valued at $228,029,000 after buying an additional 2,217,905 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Kinder Morgan by 29.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,683,478 shares of the pipeline company’s stock valued at $185,495,000 after buying an additional 2,182,985 shares in the last quarter. Hedge funds and other institutional investors own 60.88% of the company’s stock.
Shares of Kinder Morgan, Inc. (NYSE KMI) traded down $0.16 during trading on Monday, hitting $17.25. The stock had a trading volume of 16,107,437 shares, compared to its average volume of 11,510,631. The stock has a market cap of $38,520.00, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.35 and a beta of 0.62. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.96. Kinder Morgan, Inc. has a 12-month low of $16.68 and a 12-month high of $23.01.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same quarter in the previous year, the business earned ($0.10) EPS. The company’s quarterly revenue was down 1.5% on a year-over-year basis. equities analysts expect that Kinder Morgan, Inc. will post 0.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Monday, October 30th. Kinder Morgan’s dividend payout ratio is currently 89.29%.
Several equities analysts have weighed in on KMI shares. BidaskClub cut Kinder Morgan from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Stifel Nicolaus set a $25.00 price target on Kinder Morgan and gave the company a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research cut Kinder Morgan from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Morgan Stanley restated an “overweight” rating on shares of Kinder Morgan in a report on Tuesday, September 5th. Finally, BMO Capital Markets set a $26.00 price target on Kinder Morgan and gave the company a “buy” rating in a report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. Kinder Morgan currently has a consensus rating of “Hold” and an average price target of $22.97.
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Kinder Morgan 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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