Financial Engines Advisors L.L.C. lessened its position in Kinder Morgan Inc (NYSE:KMI) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 313,267 shares of the pipeline company’s stock after selling 4,338 shares during the period. Kinder Morgan accounts for 0.1% of Financial Engines Advisors L.L.C.’s investment portfolio, making the stock its 26th biggest position. Financial Engines Advisors L.L.C.’s holdings in Kinder Morgan were worth $5,554,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in KMI. Tortoise Capital Advisors L.L.C. lifted its position in shares of Kinder Morgan by 13.6% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 18,255,609 shares of the pipeline company’s stock worth $322,577,000 after purchasing an additional 2,186,054 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Kinder Morgan by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,483,633 shares of the pipeline company’s stock worth $273,561,000 after purchasing an additional 322,787 shares during the period. Legal & General Group Plc lifted its position in shares of Kinder Morgan by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 11,028,849 shares of the pipeline company’s stock worth $194,841,000 after purchasing an additional 80,214 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Kinder Morgan by 6.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 10,537,887 shares of the pipeline company’s stock worth $186,451,000 after purchasing an additional 623,705 shares during the period. Finally, Putnam Investments LLC lifted its position in shares of Kinder Morgan by 8.6% in the 2nd quarter. Putnam Investments LLC now owns 9,255,454 shares of the pipeline company’s stock worth $163,544,000 after purchasing an additional 730,488 shares during the period. 60.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kinder Morgan stock opened at $16.86 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.05 and a quick ratio of 0.98. The stock has a market capitalization of $37.19 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 2.28 and a beta of 0.69. Kinder Morgan Inc has a 52-week low of $14.69 and a 52-week high of $19.83.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Kinder Morgan had a net margin of 0.78% and a return on equity of 5.51%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. As a group, research analysts predict that Kinder Morgan Inc will post 0.87 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be issued a $0.20 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $0.80 annualized dividend and a yield of 4.74%. Kinder Morgan’s dividend payout ratio (DPR) is presently 121.21%.
Several research firms have recently commented on KMI. Zacks Investment Research raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Wednesday, October 24th. Barclays set a $21.00 target price on shares of Kinder Morgan and gave the stock a “buy” rating in a research report on Friday, October 12th. Credit Suisse Group began coverage on shares of Kinder Morgan in a research report on Thursday, October 11th. They set an “outperform” rating and a $23.00 price target for the company. Goldman Sachs Group began coverage on shares of Kinder Morgan in a research report on Monday, October 8th. They set a “conviction-buy” rating and a $24.00 price target for the company. Finally, ValuEngine raised shares of Kinder Morgan from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $20.73.
In other news, insider Richard D. Kinder bought 500,000 shares of the firm’s stock in a transaction on Thursday, September 27th. The stock was acquired at an average cost of $17.55 per share, with a total value of $8,775,000.00. Following the completion of the acquisition, the insider now owns 235,212,353 shares of the company’s stock, valued at $4,127,976,795.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 14.16% of the stock is currently owned by insiders.
Kinder Morgan Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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