Sumitomo Mitsui Trust Holdings Inc. reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,629,065 shares of the pipeline company’s stock after selling 344,637 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.25% of Kinder Morgan worth $107,965,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bedrijfstakpensioenfonds Voor DE Media PNO boosted its holdings in shares of Kinder Morgan by 12.6% during the 3rd quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 117,217 shares of the pipeline company’s stock worth $2,248,000 after buying an additional 13,089 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Kinder Morgan by 3.7% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 512,776 shares of the pipeline company’s stock worth $9,835,000 after buying an additional 18,479 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Kinder Morgan by 5.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 769,817 shares of the pipeline company’s stock worth $14,526,000 after buying an additional 37,925 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Kinder Morgan by 2.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 1,482,276 shares of the pipeline company’s stock worth $28,430,000 after buying an additional 40,853 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Kinder Morgan by 1.3% during the 3rd quarter. Rhumbline Advisers now owns 3,342,367 shares of the pipeline company’s stock worth $64,107,000 after buying an additional 41,297 shares during the period. 59.03% of the stock is owned by institutional investors and hedge funds.
Shares of Kinder Morgan, Inc. (KMI) remained flat at $$17.04 during trading on Thursday. The stock had a trading volume of 4,358,883 shares, compared to its average volume of 11,357,523. The firm has a market cap of $38,030.00, a price-to-earnings ratio of 26.82, a PEG 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, Inc. has a 12-month low of $17.00 and a 12-month high of $23.01.
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 analysts’ consensus estimates of $0.15. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.21 billion. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.10) EPS. equities research analysts expect 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. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Monday, October 30th. Kinder Morgan’s dividend payout ratio (DPR) is currently 89.29%.
Kinder Morgan announced that its Board of Directors has initiated a share repurchase program on Wednesday, July 19th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the pipeline company to buy up to 4.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.
A number of analysts have weighed in on KMI shares. Raymond James Financial, Inc. reissued a “buy” rating on shares of Kinder Morgan in a report on Saturday, July 22nd. Royal Bank Of Canada reissued a “hold” rating and issued a $22.00 price target on shares of Kinder Morgan in a report on Wednesday. Zacks Investment Research downgraded shares of Kinder Morgan from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Mizuho started coverage on shares of Kinder Morgan in a report on Thursday, July 27th. They issued a “neutral” rating and a $22.00 price target for the company. Finally, Morgan Stanley reissued an “overweight” rating on shares of Kinder Morgan in a report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.03.
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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