Kinder Morgan, Inc. (KMI) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 16.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,236,800 shares of the pipeline company’s stock after selling 434,525 shares during the period. Lord Abbett & CO. LLC owned 0.10% of Kinder Morgan worth $42,857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Private Harbour Investment Management & Counsel LLC grew its holdings in Kinder Morgan by 0.3% in the 2nd quarter. Private Harbour Investment Management & Counsel LLC now owns 15,050 shares of the pipeline company’s stock valued at $288,000 after buying an additional 50 shares in the last quarter. Guardian Life Insurance Co. of America grew its holdings in Kinder Morgan by 0.8% in the 1st quarter. Guardian Life Insurance Co. of America now owns 7,416 shares of the pipeline company’s stock valued at $161,000 after buying an additional 60 shares in the last quarter. North Star Asset Management Inc. grew its holdings in Kinder Morgan by 0.6% in the 2nd quarter. North Star Asset Management Inc. now owns 10,029 shares of the pipeline company’s stock valued at $192,000 after buying an additional 61 shares in the last quarter. CNH Partners LLC grew its holdings in Kinder Morgan by 0.4% in the 2nd quarter. CNH Partners LLC now owns 27,467 shares of the pipeline company’s stock valued at $526,000 after buying an additional 100 shares in the last quarter. Finally, Merriman Wealth Management LLC grew its holdings in Kinder Morgan by 0.4% in the 2nd quarter. Merriman Wealth Management LLC now owns 59,481 shares of the pipeline company’s stock valued at $1,140,000 after buying an additional 239 shares in the last quarter. Institutional investors and hedge funds own 59.08% of the company’s stock.

A number of brokerages have commented on KMI. Mizuho reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Kinder Morgan in a report on Friday. SunTrust Banks, Inc. set a $23.00 price objective on Kinder Morgan and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a report on Tuesday. BMO Capital Markets set a $26.00 price objective on Kinder Morgan and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, Citigroup Inc. decreased their price objective on Kinder Morgan from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $23.53.

Shares of Kinder Morgan, Inc. (NYSE KMI) traded down 0.188% during mid-day trading on Friday, hitting $18.615. The company had a trading volume of 1,484,298 shares. Kinder Morgan, Inc. has a one year low of $18.23 and a one year high of $23.01. The company’s 50-day moving average is $19.18 and its 200 day moving average is $19.60. The company has a market capitalization of $41.57 billion, a PE ratio of 61.436 and a beta of 0.65.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Kinder Morgan had a return on equity of 4.41% and a net margin of 6.20%. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same period in the previous year, the business earned ($0.10) earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. On average, equities research analysts forecast that Kinder Morgan, Inc. will post $0.64 EPS for the current fiscal year.

Kinder Morgan declared that its board has approved a stock buyback program on Wednesday, July 19th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the pipeline company to purchase up to 4.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.68%. The ex-dividend date is Monday, October 30th. Kinder Morgan’s payout ratio is 161.29%.

In other Kinder Morgan news, Director William A. Smith bought 4,903 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average cost of $20.24 per share, for a total transaction of $99,236.72. Following the completion of the transaction, the director now directly owns 14,587 shares in the company, valued at $295,240.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Private Harbour Investment Management & Counsel LLC grew its holdings in Kinder Morgan by 0.3% in the 2nd quarter. Private Harbour Investment Management & Counsel LLC now owns 15,050 shares of the pipeline company’s stock valued at $288,000 after buying an additional 50 shares in the last quarter. Guardian Life Insurance Co. of America grew its holdings in Kinder Morgan by 0.8% in the 1st quarter. Guardian Life Insurance Co. of America now owns 7,416 shares of the pipeline company’s stock valued at $161,000 after buying an additional 60 shares in the last quarter. North Star Asset Management Inc. grew its holdings in Kinder Morgan by 0.6% in the 2nd quarter. North Star Asset Management Inc. now owns 10,029 shares of the pipeline company’s stock valued at $192,000 after buying an additional 61 shares in the last quarter. CNH Partners LLC grew its holdings in Kinder Morgan by 0.4% in the 2nd quarter. CNH Partners LLC now owns 27,467 shares of the pipeline company’s stock valued at $526,000 after buying an additional 100 shares in the last quarter. Finally, Merriman Wealth Management LLC grew its holdings in Kinder Morgan by 0.4% in the 2nd quarter. Merriman Wealth Management LLC now owns 59,481 shares of the pipeline company’s stock valued at $1,140,000 after buying an additional 239 shares in the last quarter. Institutional investors and hedge funds own 59.08% of the company’s stock.

A number of brokerages have commented on KMI. Mizuho reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Kinder Morgan in a report on Friday. SunTrust Banks, Inc. set a $23.00 price objective on Kinder Morgan and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a report on Tuesday. BMO Capital Markets set a $26.00 price objective on Kinder Morgan and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, Citigroup Inc. decreased their price objective on Kinder Morgan from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $23.53.

Shares of Kinder Morgan, Inc. (NYSE KMI) traded down 0.188% during mid-day trading on Friday, hitting $18.615. The company had a trading volume of 1,484,298 shares. Kinder Morgan, Inc. has a one year low of $18.23 and a one year high of $23.01. The company’s 50-day moving average is $19.18 and its 200 day moving average is $19.60. The company has a market capitalization of $41.57 billion, a PE ratio of 61.436 and a beta of 0.65.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Kinder Morgan had a return on equity of 4.41% and a net margin of 6.20%. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same period in the previous year, the business earned ($0.10) earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. On average, equities research analysts forecast that Kinder Morgan, Inc. will post $0.64 EPS for the current fiscal year.

Kinder Morgan declared that its board has approved a stock buyback program on Wednesday, July 19th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the pipeline company to purchase up to 4.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.68%. The ex-dividend date is Monday, October 30th. Kinder Morgan’s payout ratio is 161.29%.

In other Kinder Morgan news, Director William A. Smith bought 4,903 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average cost of $20.24 per share, for a total transaction of $99,236.72. Following the completion of the transaction, the director now directly owns 14,587 shares in the company, valued at $295,240.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.99% of the stock is owned by insiders.

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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.

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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