Gulf International Bank UK Ltd lifted its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 10.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 693,123 shares of the pipeline company’s stock after acquiring an additional 67,650 shares during the period. Gulf International Bank UK Ltd’s holdings in Kinder Morgan were worth $12,289,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in KMI. DnB Asset Management AS lifted its holdings in shares of Kinder Morgan by 7.1% during the 2nd quarter. DnB Asset Management AS now owns 264,273 shares of the pipeline company’s stock worth $4,670,000 after acquiring an additional 17,600 shares during the period. IFM Investors Pty Ltd lifted its holdings in shares of Kinder Morgan by 42.9% during the 2nd quarter. IFM Investors Pty Ltd now owns 90,704 shares of the pipeline company’s stock worth $1,603,000 after acquiring an additional 27,246 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Kinder Morgan by 17.1% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 35,670 shares of the pipeline company’s stock worth $630,000 after acquiring an additional 5,200 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Kinder Morgan by 17.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 303,957 shares of the pipeline company’s stock worth $5,370,000 after acquiring an additional 44,300 shares during the period. Finally, Private Asset Management Inc. lifted its holdings in Kinder Morgan by 2.5% during the 2nd quarter. Private Asset Management Inc. now owns 310,822 shares of the pipeline company’s stock valued at $4,681,000 after purchasing an additional 7,585 shares during the last quarter. 60.52% of the stock is owned by institutional investors.
KMI opened at $17.45 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.05 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $37.19 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 2.28 and a beta of 0.69. Kinder Morgan Inc has a 1-year low of $14.69 and a 1-year high of $19.83.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.58%. The ex-dividend date is Tuesday, October 30th. Kinder Morgan’s payout ratio is presently 121.21%.
Several equities analysts recently issued reports on the stock. Goldman Sachs Group assumed coverage on shares of Kinder Morgan in a report on Monday, October 8th. They set a “conviction-buy” rating and a $24.00 price target for the company. Wells Fargo & Co reissued a “buy” rating on shares of Kinder Morgan in a report on Thursday, July 19th. JPMorgan Chase & Co. lifted their price target on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, July 27th. Credit Suisse Group assumed coverage on shares of Kinder Morgan in a report on Thursday, October 11th. They set an “outperform” rating and a $23.00 price target for the company. Finally, Citigroup cut their price target on shares of Kinder Morgan from $21.00 to $20.00 and set a “buy” rating for the company in a report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $20.73.
In related news, insider Richard D. Kinder acquired 500,000 shares of the stock in a transaction on Thursday, September 27th. The stock was purchased at an average price of $17.55 per share, for a total transaction of $8,775,000.00. Following the transaction, the insider now owns 235,212,353 shares of the company’s stock, valued at approximately $4,127,976,795.15. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 14.16% of the company’s stock.
Kinder Morgan Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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