North Star Investment Management Corp. boosted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 24.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,866 shares of the pipeline company's stock after buying an additional 25,000 shares during the quarter. North Star Investment Management Corp.'s holdings in Kinder Morgan were worth $2,825,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Kinder Morgan by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company's stock valued at $3,665,963,000 after buying an additional 27,254,172 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Kinder Morgan by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company's stock worth $335,891,000 after purchasing an additional 257,658 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Kinder Morgan by 23.6% in the 1st quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company's stock worth $204,319,000 after purchasing an additional 2,125,648 shares in the last quarter. Energy Income Partners LLC lifted its stake in Kinder Morgan by 2.6% in the 1st quarter. Energy Income Partners LLC now owns 10,717,452 shares of the pipeline company's stock worth $196,558,000 after purchasing an additional 272,648 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP lifted its stake in Kinder Morgan by 45.9% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company's stock worth $182,665,000 after purchasing an additional 3,135,457 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Barclays raised their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Monday. Royal Bank of Canada raised their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 22nd. Scotiabank raised their price target on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 17th. UBS Group raised their price target on shares of Kinder Morgan from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group restated a "conviction-buy" rating on shares of Kinder Morgan in a report on Friday, October 18th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Kinder Morgan has a consensus rating of "Moderate Buy" and a consensus price target of $25.09.
Read Our Latest Stock Report on Kinder Morgan
Insiders Place Their Bets
In other Kinder Morgan news, Director Amy W. Chronis purchased 2,241 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Amy W. Chronis acquired 2,241 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares of the company's stock, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.81% of the company's stock.
Kinder Morgan Trading Up 6.6 %
Kinder Morgan stock traded up $1.63 during trading on Wednesday, hitting $26.34. The company had a trading volume of 27,280,391 shares, compared to its average volume of 14,217,664. Kinder Morgan, Inc. has a 1-year low of $16.17 and a 1-year high of $26.58. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company's 50 day simple moving average is $23.07 and its 200-day simple moving average is $21.08. The stock has a market cap of $58.52 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91.
Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business's revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. As a group, analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.
Kinder Morgan Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.37%. Kinder Morgan's dividend payout ratio (DPR) is 100.88%.
Kinder Morgan Company Profile
(
Free Report)
Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and 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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