Kinder Morgan, Inc. (KMI) Shares Bought by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 11.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,481,431 shares of the pipeline company’s stock after buying an additional 475,890 shares during the period. Kinder Morgan accounts for 1.2% of Duff & Phelps Investment Management Co.’s holdings, making the stock its 17th largest position. Duff & Phelps Investment Management Co. owned 0.20% of Kinder Morgan worth $85,864,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. First Bank & Trust increased its stake in Kinder Morgan by 9.4% in the first quarter. First Bank & Trust now owns 4,739 shares of the pipeline company’s stock valued at $103,000 after buying an additional 408 shares during the period. Trust Co. of Vermont increased its stake in Kinder Morgan by 10.3% in the second quarter. Trust Co. of Vermont now owns 7,197 shares of the pipeline company’s stock valued at $138,000 after buying an additional 675 shares during the period. CWM LLC increased its stake in Kinder Morgan by 770.5% in the second quarter. CWM LLC now owns 8,052 shares of the pipeline company’s stock valued at $154,000 after buying an additional 7,127 shares during the period. Guardian Life Insurance Co. of America increased its stake in Kinder Morgan by 0.8% in the first quarter. Guardian Life Insurance Co. of America now owns 7,416 shares of the pipeline company’s stock valued at $161,000 after buying an additional 60 shares during the period. Finally, Salem Investment Counselors Inc. increased its stake in Kinder Morgan by 20.6% in the first quarter. Salem Investment Counselors Inc. now owns 7,959 shares of the pipeline company’s stock valued at $171,000 after buying an additional 1,359 shares during the period. Institutional investors and hedge funds own 57.40% of the company’s stock.

Shares of Kinder Morgan, Inc. (NYSE KMI) opened at 18.40 on Friday. The firm has a market cap of $41.09 billion, a P/E ratio of 60.73 and a beta of 0.64. The firm has a 50-day moving average price of $19.67 and a 200 day moving average price of $20.42. Kinder Morgan, Inc. has a one year low of $18.31 and a one year high of $23.36.

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

Kinder Morgan declared that its board has approved a share repurchase plan on Wednesday, July 19th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the pipeline company to reacquire up to 4.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were issued a $0.125 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.72%. Kinder Morgan’s payout ratio is currently 161.29%.

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Several analysts have recently weighed in on KMI shares. BMO Capital Markets set a $26.00 target price on Kinder Morgan and gave the stock a “buy” rating in a research report on Tuesday, June 20th. TD Securities set a $26.00 target price on Kinder Morgan and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Raymond James Financial, Inc. reiterated a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, May 31st. Vetr downgraded Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $22.49 target price for the company. in a research report on Monday, April 24th. Finally, Credit Suisse Group set a $27.00 price target on Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $23.91.

In other Kinder Morgan news, Director William A. Smith acquired 4,903 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were acquired at an average price of $20.24 per share, for a total transaction of $99,236.72. Following the acquisition, the director now owns 14,587 shares in the company, valued at approximately $295,240.88. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Dax Sanders acquired 2,600 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average price of $18.60 per share, for a total transaction of $48,360.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 507,503 shares of company stock worth $9,437,597. Company insiders own 13.99% of the company’s stock.

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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