Commerce Bank raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 27.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,414 shares of the pipeline company’s stock after buying an additional 26,550 shares during the period. Commerce Bank’s holdings in Kinder Morgan were worth $2,348,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Heritage Trust Co increased its holdings in Kinder Morgan by 457.7% in the second quarter. Heritage Trust Co now owns 5,242 shares of the pipeline company’s stock valued at $101,000 after buying an additional 4,302 shares in the last quarter. Welch Investments LLC purchased a new position in Kinder Morgan in the third quarter valued at about $102,000. Fiduciary Trust Co. purchased a new position in Kinder Morgan in the second quarter valued at about $115,000. Parallel Advisors LLC increased its holdings in Kinder Morgan by 14.0% in the second quarter. Parallel Advisors LLC now owns 6,673 shares of the pipeline company’s stock valued at $136,000 after buying an additional 819 shares in the last quarter. Finally, Acrospire Investment Management LLC increased its holdings in Kinder Morgan by 30.7% in the second quarter. Acrospire Investment Management LLC now owns 6,814 shares of the pipeline company’s stock valued at $131,000 after buying an additional 1,600 shares in the last quarter. 59.03% of the stock is owned by institutional investors.
A number of research analysts have issued reports on KMI shares. BMO Capital Markets set a $26.00 target price on shares of Kinder Morgan and gave the company a “buy” rating in a report on Thursday, October 12th. Raymond James Financial, Inc. reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Saturday, July 22nd. Stifel Nicolaus set a $25.00 target price on shares of Kinder Morgan and gave the company a “buy” rating in a report on Thursday, August 17th. SunTrust Banks, Inc. set a $23.00 target price on shares of Kinder Morgan and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, Zacks Investment Research raised shares of Kinder Morgan from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. Kinder Morgan has an average rating of “Hold” and a consensus price target of $22.97.
Shares of Kinder Morgan, Inc. (KMI) traded up $0.18 during midday trading on Friday, reaching $17.01. 12,218,465 shares of the company were exchanged, compared to its average volume of 11,379,570. Kinder Morgan, Inc. has a 1 year low of $16.70 and a 1 year high of $23.01. The firm has a market capitalization of $37,590.00, a price-to-earnings ratio of 26.82, a P/E/G ratio of 1.35 and a beta of 0.65. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.42.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same quarter last year, the business earned ($0.10) earnings per share. Kinder Morgan’s revenue was down 1.5% compared to the same quarter last year. analysts anticipate that Kinder Morgan, Inc. will post 0.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a dividend of $0.125 per share. The ex-dividend date was Monday, October 30th. This represents a $0.50 dividend on an annualized basis and a yield of 2.94%. Kinder Morgan’s dividend payout ratio (DPR) is currently 89.29%.
Kinder Morgan Profile
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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