Narwhal Capital Management held its position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,080 shares of the company’s stock at the end of the third quarter. Narwhal Capital Management’s holdings in Kinder Morgan were worth $742,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Institutional Trust Company N.A. increased its stake in Kinder Morgan by 1.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 48,293,177 shares of the company’s stock valued at $904,048,000 after buying an additional 725,863 shares during the period. Cohen & Steers Inc. increased its stake in Kinder Morgan by 247.5% in the second quarter. Cohen & Steers Inc. now owns 14,915,734 shares of the company’s stock valued at $336,051,000 after buying an additional 10,623,045 shares during the period. Brookfield Asset Management Inc. increased its stake in Kinder Morgan by 164.4% in the second quarter. Brookfield Asset Management Inc. now owns 12,280,750 shares of the company’s stock valued at $229,896,000 after buying an additional 7,635,500 shares during the period. Atlantic Trust Group LLC increased its stake in Kinder Morgan by 5.1% in the second quarter. Atlantic Trust Group LLC now owns 11,963,619 shares of the company’s stock valued at $223,960,000 after buying an additional 582,932 shares during the period. Finally, Cortland Advisers LLC increased its stake in Kinder Morgan by 10.2% in the second quarter. Cortland Advisers LLC now owns 10,601,649 shares of the company’s stock valued at $198,463,000 after buying an additional 984,045 shares during the period. 54.01% of the stock is owned by institutional investors and hedge funds.
Kinder Morgan, Inc. (NYSE:KMI) traded down 0.49% during mid-day trading on Wednesday, reaching $22.44. 14,458,264 shares of the company were exchanged. The stock has a 50 day moving average of $21.39 and a 200-day moving average of $21.24. Kinder Morgan, Inc. has a one year low of $11.20 and a one year high of $23.36. The stock’s market capitalization is $50.09 billion.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 18th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.11. Kinder Morgan had a positive return on equity of 4.69% and a negative net margin of 1.13%. The company earned $3.39 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the prior year, the firm earned ($0.29) earnings per share. The business’s revenue was down 6.8% compared to the same quarter last year. On average, equities analysts expect that Kinder Morgan, Inc. will post $0.62 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.23%. Kinder Morgan’s dividend payout ratio is presently -416.67%.
Several equities research analysts have recently commented on KMI shares. Wolfe Research started coverage on shares of Kinder Morgan in a research report on Friday, October 7th. They set a “hold” rating and a $24.00 target price for the company. Zacks Investment Research raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, September 20th. SunTrust Banks, Inc. reissued a “buy” rating on shares of Kinder Morgan in a research report on Sunday, October 23rd. Raymond James Financial, Inc. reissued a “strong-buy” rating on shares of Kinder Morgan in a research report on Wednesday, December 7th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $28.00 target price (up from $26.00) on shares of Kinder Morgan in a research report on Sunday, December 4th. Eleven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $22.52.
In related news, Director Fayez Sarofim purchased 700,000 shares of Kinder Morgan stock in a transaction dated Monday, October 24th. The stock was purchased at an average cost of $21.41 per share, for a total transaction of $14,987,000.00. Following the completion of the purchase, the director now directly owns 29,142,387 shares of the company’s stock, valued at approximately $623,938,505.67. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.97% of the stock is currently owned by insiders.
Kinder Morgan Company Profile
Kinder Morgan, Inc (KMI) is an energy infrastructure company in North America. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Company’s Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.
Want to see what other hedge funds are holding KMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinder Morgan, Inc. (NYSE:KMI).