Natixis Asset Management raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 62.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,722 shares of the company’s stock after buying an additional 8,746 shares during the period. Natixis Asset Management’s holdings in Kinder Morgan were worth $526,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Hudock Capital Group LLC increased its position in Kinder Morgan by 12.0% in the second quarter. Hudock Capital Group LLC now owns 5,394 shares of the company’s stock valued at $100,000 after buying an additional 576 shares during the last quarter. Quadrant Capital Group LLC increased its position in Kinder Morgan by 3.4% in the third quarter. Quadrant Capital Group LLC now owns 5,593 shares of the company’s stock valued at $119,000 after buying an additional 182 shares during the last quarter. BKS Advisors LLC acquired a new position in Kinder Morgan during the third quarter valued at about $138,000. IndexIQ Advisors LLC increased its position in Kinder Morgan by 114.4% in the third quarter. IndexIQ Advisors LLC now owns 6,263 shares of the company’s stock valued at $145,000 after buying an additional 3,342 shares during the last quarter. Finally, Stelac Advisory Services LLC increased its position in Kinder Morgan by 45.4% in the second quarter. Stelac Advisory Services LLC now owns 8,339 shares of the company’s stock valued at $156,000 after buying an additional 2,602 shares during the last quarter. 54.01% of the stock is owned by hedge funds and other institutional investors.
Kinder Morgan, Inc. (NYSE:KMI) traded down 0.49% during trading on Wednesday, hitting $22.44. 14,458,264 shares of the stock traded hands. The company’s market cap is $50.09 billion. Kinder Morgan, Inc. has a 52-week low of $11.20 and a 52-week high of $23.36. The firm has a 50-day moving average price of $21.39 and a 200 day moving average price of $21.24.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 18th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.11. The business earned $3.39 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Kinder Morgan had a positive return on equity of 4.69% and a negative net margin of 1.13%. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.29) earnings per share. On average, equities analysts expect that Kinder Morgan, Inc. will post $0.62 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be given 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 weighed in on KMI shares. Stifel Nicolaus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $25.00 to $24.00 in a research report on Thursday, October 20th. They noted that the move was a valuation call. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Kinder Morgan in a research report on Sunday, October 23rd. Morgan Stanley set a $24.00 price objective on shares of Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 20th. Barclays PLC set a $25.00 price objective on shares of Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 20th. Finally, Goldman Sachs Group, Inc. (The) set a $24.00 price objective on shares of Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 20th. Eleven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Kinder Morgan presently has an average rating of “Buy” and a consensus price target of $22.52.
In other news, Director Fayez Sarofim acquired 700,000 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The shares were bought at an average cost of $21.41 per share, with a total value of $14,987,000.00. Following the transaction, the director now 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 Securities & Exchange Commission, 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.
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