Dimensional Fund Advisors LP raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,203,928 shares of the pipeline company’s stock after buying an additional 357,052 shares during the period. Dimensional Fund Advisors LP owned about 0.59% of Kinder Morgan worth $227,377,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Moneta Group Investment Advisors LLC lifted its position in shares of Kinder Morgan by 102,208.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock worth $742,555,000 after purchasing an additional 41,030,376 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Kinder Morgan by 1,352.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock valued at $665,401,000 after buying an additional 34,269,435 shares in the last quarter. Norges Bank purchased a new stake in Kinder Morgan in the 4th quarter valued at about $256,613,000. Bank Julius Baer & Co. Ltd Zurich grew its stake in Kinder Morgan by 85,155.4% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,957,118 shares of the pipeline company’s stock worth $223,122,000 after acquiring an additional 12,941,920 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of Kinder Morgan during the second quarter worth approximately $138,407,000. 62.33% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts recently issued reports on KMI shares. Pickering Energy Partners initiated coverage on Kinder Morgan in a research note on Tuesday, October 3rd. They issued a “neutral” rating on the stock. Stifel Nicolaus lifted their price objective on Kinder Morgan from $21.00 to $22.00 and gave the company a “hold” rating in a report on Tuesday, August 1st. Royal Bank of Canada reiterated a “sector perform” rating and set a $20.00 target price on shares of Kinder Morgan in a report on Thursday, July 20th. StockNews.com assumed coverage on shares of Kinder Morgan in a report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 5th. They set a “buy” rating and a $20.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.38.
Kinder Morgan Trading Down 0.6 %
NYSE:KMI opened at $16.82 on Friday. The stock has a market capitalization of $37.39 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 5.13 and a beta of 0.97. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $19.35. The company has a quick ratio of 0.30, a current ratio of 0.39 and a debt-to-equity ratio of 0.88. The firm has a 50 day moving average of $16.71 and a 200 day moving average of $16.94.
Kinder Morgan (NYSE:KMI – Get Free Report) last issued its quarterly earnings data on Wednesday, October 18th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.54% and a return on equity of 7.78%. The business had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $4.64 billion. During the same quarter in the prior year, the company posted $0.25 EPS. The business’s revenue for the quarter was down 24.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.1 earnings per share for the current fiscal year.
Kinder Morgan Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.2825 per share. The ex-dividend date was Monday, October 30th. This represents a $1.13 annualized dividend and a dividend yield of 6.72%. Kinder Morgan’s dividend payout ratio (DPR) is currently 102.73%.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.
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