Shepherd Kaplan Krochuk LLC raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 14.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,926 shares of the pipeline company’s stock after purchasing an additional 3,600 shares during the period. Shepherd Kaplan Krochuk LLC’s holdings in Kinder Morgan were worth $357,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Kinder Morgan by 0.4% in the third quarter. BlackRock Inc. now owns 151,634,108 shares of the pipeline company’s stock worth $1,869,647,000 after purchasing an additional 642,630 shares in the last quarter. Blackstone Group Inc purchased a new position in shares of Kinder Morgan in the second quarter worth about $333,656,000. Bank of New York Mellon Corp increased its stake in shares of Kinder Morgan by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 17,415,578 shares of the pipeline company’s stock worth $264,196,000 after purchasing an additional 277,512 shares in the last quarter. Abrams Capital Management L.P. increased its stake in shares of Kinder Morgan by 27.2% in the second quarter. Abrams Capital Management L.P. now owns 12,476,200 shares of the pipeline company’s stock worth $189,264,000 after purchasing an additional 2,669,942 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Kinder Morgan by 17.2% in the second quarter. Prudential Financial Inc. now owns 8,691,685 shares of the pipeline company’s stock worth $131,853,000 after purchasing an additional 1,272,676 shares in the last quarter. Hedge funds and other institutional investors own 60.63% of the company’s stock.
Shares of KMI opened at $14.60 on Monday. The firm has a market cap of $33.39 billion, a price-to-earnings ratio of 295.00, a PEG ratio of 4.57 and a beta of 0.99. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.54 and a current ratio of 0.61. Kinder Morgan, Inc. has a fifty-two week low of $9.42 and a fifty-two week high of $22.58. The firm has a 50 day moving average price of $12.90 and a 200-day moving average price of $14.05.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 21st. The pipeline company reported $0.21 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.21. Kinder Morgan had a net margin of 1.02% and a return on equity of 6.07%. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 0.86 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 16th. Investors of record on Monday, November 2nd were paid a $0.2625 dividend. This represents a $1.05 annualized dividend and a dividend yield of 7.19%. The ex-dividend date of this dividend was Friday, October 30th. Kinder Morgan’s payout ratio is 110.53%.
KMI has been the subject of several recent analyst reports. Morgan Stanley reduced their price objective on shares of Kinder Morgan from $17.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, September 25th. Wolfe Research cut shares of Kinder Morgan from a “peer perform” rating to an “underperform” rating and boosted their price objective for the company from $13.00 to $14.00 in a research note on Monday, November 23rd. Wells Fargo & Company cut shares of Kinder Morgan from an “overweight” rating to an “equal weight” rating and set a $17.00 price objective for the company. in a research note on Monday. Piper Sandler reduced their price objective on shares of Kinder Morgan from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, October 9th. Finally, Credit Suisse Group reduced their price objective on shares of Kinder Morgan from $20.00 to $16.00 and set an “outperform” rating for the company in a research note on Tuesday, October 27th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. Kinder Morgan has an average rating of “Hold” and a consensus target price of $17.33.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company 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 liquefaction and storage facilities.
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