San Francisco Sentry Investment Group CA lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 17.4% during the third quarter, Holdings Channel reports. The fund owned 22,627 shares of the company’s stock after selling 4,777 shares during the period. San Francisco Sentry Investment Group CA’s holdings in Kinder Morgan were worth $523,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Cohen & Steers Inc. raised its stake in shares of Kinder Morgan by 247.5% in the second quarter. Cohen & Steers Inc. now owns 14,915,734 shares of the company’s stock worth $336,051,000 after buying an additional 10,623,045 shares during the last quarter. Brookfield Asset Management Inc. raised its stake in shares of Kinder Morgan by 164.4% in the second quarter. Brookfield Asset Management Inc. now owns 12,280,750 shares of the company’s stock worth $229,896,000 after buying an additional 7,635,500 shares in the last quarter. CI Global Investments Inc. purchased a new stake in shares of Kinder Morgan during the second quarter worth approximately $103,965,000. APG Asset Management N.V. raised its stake in shares of Kinder Morgan by 100.9% in the third quarter. APG Asset Management N.V. now owns 6,618,227 shares of the company’s stock worth $153,080,000 after buying an additional 3,324,100 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its stake in shares of Kinder Morgan by 38.2% in the second quarter. Commonwealth Bank of Australia now owns 7,686,319 shares of the company’s stock worth $143,886,000 after buying an additional 2,126,249 shares in the last quarter. Institutional investors and hedge funds own 54.97% of the company’s stock.
Kinder Morgan, Inc. (NYSE:KMI) opened at 22.62 on Wednesday. The stock has a market capitalization of $50.44 billion, a PE ratio of 91.21 and a beta of 0.71. The stock’s 50 day moving average price is $21.52 and its 200-day moving average price is $21.36. Kinder Morgan, Inc. has a 12-month low of $13.26 and a 12-month high of $23.36.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 18th. The company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.10. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Kinder Morgan had a return on equity of 4.20% and a net margin of 5.12%. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.29) earnings per share. Analysts expect that Kinder Morgan, Inc. will post $0.70 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be issued a $0.125 dividend. The ex-dividend date is Monday, January 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.21%. Kinder Morgan’s dividend payout ratio (DPR) is 200.00%.
A number of equities research analysts recently commented on KMI shares. Wolfe Research upgraded Kinder Morgan from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 20th. BMO Capital Markets upgraded Kinder Morgan from a “market perform” rating to an “outperform” rating and upped their target price for the company from $21.11 to $26.00 in a research report on Monday, October 24th. Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Wednesday, December 21st. Vetr lowered Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $23.96 target price on the stock. in a research report on Thursday, November 10th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating on shares of Kinder Morgan in a research report on Sunday, October 23rd. Eleven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $22.98.
About Kinder Morgan
Kinder Morgan, Inc (KMI) is an energy infrastructure company in North America. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Company’s Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.
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