Kinder Morgan, Inc. (KMI) Shares Bought by Rhumbline Advisers

Rhumbline Advisers increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,342,367 shares of the pipeline company’s stock after buying an additional 41,297 shares during the quarter. Rhumbline Advisers owned 0.15% of Kinder Morgan worth $64,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Heritage Trust Co grew its stake in Kinder Morgan by 457.7% during the 2nd quarter. Heritage Trust Co now owns 5,242 shares of the pipeline company’s stock worth $101,000 after buying an additional 4,302 shares during the last quarter. Fiduciary Trust Co. purchased a new position in Kinder Morgan during the 2nd quarter worth $115,000. Parallel Advisors LLC grew its stake in Kinder Morgan by 14.0% during the 2nd quarter. Parallel Advisors LLC now owns 6,673 shares of the pipeline company’s stock worth $136,000 after buying an additional 819 shares during the last quarter. Acrospire Investment Management LLC grew its stake in Kinder Morgan by 30.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 6,814 shares of the pipeline company’s stock worth $131,000 after buying an additional 1,600 shares during the last quarter. Finally, Trust Co. of Vermont grew its stake in Kinder Morgan by 10.3% during the 2nd quarter. Trust Co. of Vermont now owns 7,197 shares of the pipeline company’s stock worth $138,000 after buying an additional 675 shares during the last quarter. Hedge funds and other institutional investors own 59.03% of the company’s stock.

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KMI has been the topic of several research analyst reports. Stifel Nicolaus dropped their target price on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. Goldman Sachs Group, Inc. (The) cut Kinder Morgan from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $18.81 to $22.00 in a research report on Tuesday, October 17th. Zacks Investment Research raised Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. SunTrust Banks, Inc. set a $23.00 price target on Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Citigroup Inc. lowered their price target on Kinder Morgan from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $23.03.

Shares of Kinder Morgan, Inc. (NYSE KMI) traded down $0.21 during mid-day trading on Tuesday, hitting $17.46. The stock had a trading volume of 9,465,100 shares, compared to its average volume of 11,305,941. The firm has a market cap of $39,461.35, a PE ratio of 27.18, a PEG ratio of 1.37 and a beta of 0.65. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.96. Kinder Morgan, Inc. has a fifty-two week low of $17.41 and a fifty-two week high of $23.01.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate 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 return on equity of 4.33% and a net margin of 10.39%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.10) EPS. research analysts expect that Kinder Morgan, Inc. will post 0.64 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be issued a $0.125 dividend. The ex-dividend date is Monday, October 30th. This represents a $0.50 dividend on an annualized basis and a yield of 2.86%. Kinder Morgan’s payout ratio is 89.29%.

Kinder Morgan declared that its board has authorized a share repurchase program on Wednesday, July 19th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the pipeline company to reacquire up to 4.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

About Kinder Morgan

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

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