Kinder Morgan, Inc. (NYSE:KMI) Stake Boosted by Trust Co. of Vermont

Trust Co. of Vermont increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 10.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 7,197 shares of the pipeline company’s stock after buying an additional 675 shares during the period. Trust Co. of Vermont’s holdings in Kinder Morgan were worth $138,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Acropolis Investment Management LLC raised its position in shares of Kinder Morgan by 59.2% in the second quarter. Acropolis Investment Management LLC now owns 40,585 shares of the pipeline company’s stock worth $778,000 after buying an additional 15,095 shares during the period. NN Investment Partners Holdings N.V. raised its position in shares of Kinder Morgan by 9.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 13,804 shares of the pipeline company’s stock worth $264,000 after buying an additional 1,200 shares during the period. Pennsylvania Trust Co raised its position in shares of Kinder Morgan by 31.4% in the second quarter. Pennsylvania Trust Co now owns 27,550 shares of the pipeline company’s stock worth $528,000 after buying an additional 6,581 shares during the period. Narwhal Capital Management raised its position in Kinder Morgan by 72.2% in the second quarter. Narwhal Capital Management now owns 106,960 shares of the pipeline company’s stock worth $2,049,000 after buying an additional 44,850 shares during the period. Finally, Confluence Investment Management LLC raised its position in Kinder Morgan by 24.9% in the second quarter. Confluence Investment Management LLC now owns 4,066,726 shares of the pipeline company’s stock worth $77,918,000 after buying an additional 809,512 shares during the period. 57.70% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan, Inc. (KMI) opened at 19.07 on Friday. Kinder Morgan, Inc. has a 1-year low of $18.31 and a 1-year high of $23.36. The company has a market capitalization of $42.59 billion, a P/E ratio of 62.94 and a beta of 0.64. The company has a 50-day moving average of $19.68 and a 200-day moving average of $20.53.

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

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

Kinder Morgan declared that its board has approved a stock 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 reacquire up to 4.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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KMI has been the topic of a number of recent research reports. Wolfe Research lowered Kinder Morgan from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $26.00 to $21.00 in a research note on Tuesday, May 30th. Credit Suisse Group set a $27.00 price objective on Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, April 20th. Zacks Investment Research downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a report on Wednesday, May 31st. Morgan Stanley reaffirmed an “overweight” rating and issued a $25.00 target price on shares of Kinder Morgan in a report on Monday, July 3rd. Finally, BMO Capital Markets set a $26.00 target price on Kinder Morgan and gave the company a “buy” rating in a report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $23.91.

In other Kinder Morgan news, VP Dax Sanders purchased 2,600 shares of the stock in a transaction dated Tuesday, May 30th. The stock was purchased at an average price of $18.60 per share, with a total value of $48,360.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Richard D. Kinder purchased 500,000 shares of the stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average cost of $18.58 per share, with a total value of $9,290,000.00. Following the transaction, the insider now directly owns 234,712,353 shares in the company, valued at approximately $4,360,955,518.74. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 507,503 shares of company stock valued at $9,437,597. 13.99% of the stock is owned by corporate 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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