Exxonmobil Investment Management Inc. TX Has $5.52 Million Holdings in Kinder Morgan Inc (KMI)

Exxonmobil Investment Management Inc. TX cut its holdings in Kinder Morgan Inc (NYSE:KMI) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 305,382 shares of the pipeline company’s stock after selling 45,219 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Kinder Morgan were worth $5,518,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in Kinder Morgan by 17.2% in the third quarter. Dimensional Fund Advisors LP now owns 13,950,108 shares of the pipeline company’s stock valued at $267,575,000 after acquiring an additional 2,048,560 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in Kinder Morgan by 11.0% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 13,908,625 shares of the pipeline company’s stock valued at $266,767,000 after acquiring an additional 1,373,610 shares during the last quarter. Legal & General Group Plc lifted its stake in Kinder Morgan by 6.0% in the third quarter. Legal & General Group Plc now owns 11,314,018 shares of the pipeline company’s stock valued at $217,014,000 after acquiring an additional 636,683 shares during the last quarter. Brookfield Asset Management Inc. lifted its stake in Kinder Morgan by 4.3% in the second quarter. Brookfield Asset Management Inc. now owns 10,843,859 shares of the pipeline company’s stock valued at $207,769,000 after acquiring an additional 447,389 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in Kinder Morgan by 4.7% in the second quarter. TIAA CREF Investment Management LLC now owns 10,563,641 shares of the pipeline company’s stock valued at $202,399,000 after acquiring an additional 477,596 shares during the last quarter. Hedge funds and other institutional investors own 60.73% of the company’s stock.

A number of analysts have issued reports on KMI shares. SunTrust Banks set a $23.00 target price on shares of Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, October 19th. BMO Capital Markets set a $26.00 target price on shares of Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, October 12th. Stifel Nicolaus reduced their target price on shares of Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. Mizuho restated a “hold” rating and issued a $22.00 price objective on shares of Kinder Morgan in a research note on Friday, October 20th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $22.00 price objective on shares of Kinder Morgan in a research note on Wednesday, November 15th. 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’s stock. The stock presently has an average rating of “Hold” and an average target price of $22.72.

In related news, VP Thomas A. Martin bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average cost of $17.10 per share, for a total transaction of $51,300.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 13.99% of the stock is owned by corporate insiders.

Shares of Kinder Morgan Inc (NYSE:KMI) opened at $18.88 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.42 and a quick ratio of 0.35. Kinder Morgan Inc has a one year low of $16.68 and a one year high of $23.01. The firm has a market cap of $42,160.00, a price-to-earnings ratio of 33.71, a PEG ratio of 1.36 and a beta of 0.62.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same period in the previous year, the company earned ($0.10) earnings per share. Kinder Morgan’s revenue for the quarter was down 1.5% on a year-over-year basis. research analysts anticipate that Kinder Morgan Inc will post 0.65 EPS for the current fiscal year.

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Kinder Morgan 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.

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

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