Founders Capital Management Boosts Position in Kinder Morgan, Inc. (KMI)

Founders Capital Management raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,333 shares of the pipeline company’s stock after buying an additional 2,229 shares during the period. Kinder Morgan makes up approximately 1.9% of Founders Capital Management’s holdings, making the stock its 19th largest position. Founders Capital Management’s holdings in Kinder Morgan were worth $2,095,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Kinder Morgan by 4.7% in the first quarter. Vanguard Group Inc. now owns 138,904,165 shares of the pipeline company’s stock worth $3,019,777,000 after buying an additional 6,222,962 shares during the last quarter. Wellington Management Group LLP boosted its position in Kinder Morgan by 8.2% in the first quarter. Wellington Management Group LLP now owns 29,672,731 shares of the pipeline company’s stock worth $645,086,000 after buying an additional 2,258,597 shares during the last quarter. Geode Capital Management LLC boosted its position in Kinder Morgan by 7.7% in the first quarter. Geode Capital Management LLC now owns 18,346,909 shares of the pipeline company’s stock worth $398,283,000 after buying an additional 1,309,520 shares during the last quarter. Atlantic Trust Group LLC boosted its position in Kinder Morgan by 6.3% in the first quarter. Atlantic Trust Group LLC now owns 11,337,726 shares of the pipeline company’s stock worth $246,482,000 after buying an additional 672,731 shares during the last quarter. Finally, Brookfield Asset Management Inc. boosted its position in Kinder Morgan by 10.4% in the first quarter. Brookfield Asset Management Inc. now owns 10,396,470 shares of the pipeline company’s stock worth $226,019,000 after buying an additional 976,320 shares during the last quarter. Institutional investors and hedge funds own 57.70% of the company’s stock.

Kinder Morgan, Inc. (KMI) traded down 1.65% during midday trading on Friday, reaching $19.07. The company’s stock had a trading volume of 8,612,628 shares. The company’s 50-day moving average is $19.68 and its 200 day moving average is $20.53. The firm has a market cap of $42.59 billion, a price-to-earnings ratio of 62.94 and a beta of 0.64. Kinder Morgan, Inc. has a 12-month low of $18.31 and a 12-month high of $23.36.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 19th. The pipeline company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Kinder Morgan had a return on equity of 4.41% and a net margin of 6.20%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. Equities analysts forecast that Kinder Morgan, Inc. will post $0.64 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.50 dividend on an annualized basis and a yield of 2.62%. Kinder Morgan’s dividend payout ratio is currently 161.29%.

Kinder Morgan announced that its board has authorized a share repurchase program on Wednesday, July 19th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the pipeline company to reacquire up to 4.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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A number of research firms have recently issued reports on KMI. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 price objective on shares of Kinder Morgan in a report on Thursday, July 20th. Sanford C. Bernstein began coverage on Kinder Morgan in a report on Tuesday, May 16th. They issued a “market perform” rating for the company. Mizuho began coverage on Kinder Morgan in a report on Thursday, July 27th. They issued a “neutral” rating and a $22.00 price objective for the company. BidaskClub upgraded Kinder Morgan from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Zacks Investment Research upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $23.91.

In related news, VP Dax Sanders bought 2,600 shares of the stock in a transaction on Tuesday, May 30th. The stock was bought at an average price of $18.60 per share, for a total transaction of $48,360.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William A. Smith bought 4,903 shares of the stock in a transaction on Monday, July 31st. The shares were bought at an average price of $20.24 per share, with a total value of $99,236.72. Following the acquisition, the director now owns 14,587 shares of the company’s stock, valued at $295,240.88. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 507,503 shares of company stock valued at $9,437,597. 13.99% of the stock is owned by company insiders.

Kinder Morgan Company 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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