Bluestein R H & Co. boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 169.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,200 shares of the pipeline company’s stock after purchasing an additional 19,000 shares during the quarter. Bluestein R H & Co.’s holdings in Kinder Morgan were worth $579,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Commonwealth Bank of Australia raised its stake in shares of 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 worth $378,101,000 after buying an additional 6,205,165 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Kinder Morgan by 17.2% during the third quarter. Dimensional Fund Advisors LP now owns 13,950,108 shares of the pipeline company’s stock worth $267,575,000 after purchasing an additional 2,048,560 shares during the last quarter. Atlantic Trust Group LLC boosted its holdings in shares of Kinder Morgan by 1.3% during the second quarter. Atlantic Trust Group LLC now owns 11,484,627 shares of the pipeline company’s stock worth $220,046,000 after purchasing an additional 146,901 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Kinder Morgan by 6.0% during the third quarter. Legal & General Group Plc now owns 11,314,018 shares of the pipeline company’s stock worth $217,014,000 after purchasing an additional 636,683 shares during the last quarter. Finally, Brookfield Asset Management Inc. boosted its holdings in Kinder Morgan by 4.3% in the second quarter. Brookfield Asset Management Inc. now owns 10,843,859 shares of the pipeline company’s stock valued at $207,769,000 after acquiring an additional 447,389 shares during the last quarter. 60.88% of the stock is owned by institutional investors and hedge funds.
Kinder Morgan, Inc. (NYSE:KMI) traded down $0.05 on Tuesday, reaching $17.20. 2,970,000 shares of the company’s stock traded hands, compared to its average volume of 13,670,000. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.42. Kinder Morgan, Inc. has a 1 year low of $16.68 and a 1 year high of $23.01. The firm has a market capitalization of $38,410.00, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 1.35 and a beta of 0.62.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same quarter last year, the business earned ($0.10) earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. analysts forecast that Kinder Morgan, Inc. will post 0.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Monday, October 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 89.29%.
Several brokerages recently weighed in on KMI. Stifel Nicolaus lowered their price objective on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, October 24th. Mizuho restated a “hold” rating and issued a $22.00 target price on shares of Kinder Morgan in a research note on Friday, October 20th. Zacks Investment Research upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. SunTrust Banks set a $23.00 price objective on Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Goldman Sachs Group cut Kinder Morgan from a “buy” rating to a “neutral” rating and upped their price target for the company from $18.81 to $22.00 in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. Kinder Morgan has a consensus rating of “Hold” and an average price target of $22.97.
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About Kinder Morgan
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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