Chicago Partners Investment Group LLC boosted its holdings in Kinder Morgan Inc (NYSE:KMI) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 878,064 shares of the pipeline company’s stock after purchasing an additional 47,440 shares during the period. Kinder Morgan comprises 2.2% of Chicago Partners Investment Group LLC’s holdings, making the stock its 10th largest position. Chicago Partners Investment Group LLC’s holdings in Kinder Morgan were worth $14,453,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Tortoise Capital Advisors L.L.C. boosted its position in Kinder Morgan by 13.6% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 18,255,609 shares of the pipeline company’s stock worth $322,577,000 after purchasing an additional 2,186,054 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Kinder Morgan by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 15,483,633 shares of the pipeline company’s stock valued at $273,561,000 after buying an additional 322,787 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Kinder Morgan by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 11,028,849 shares of the pipeline company’s stock valued at $194,841,000 after buying an additional 80,214 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Kinder Morgan by 6.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 10,537,887 shares of the pipeline company’s stock valued at $186,451,000 after buying an additional 623,705 shares during the last quarter. Finally, Putnam Investments LLC lifted its position in shares of Kinder Morgan by 8.6% during the 2nd quarter. Putnam Investments LLC now owns 9,255,454 shares of the pipeline company’s stock valued at $163,544,000 after buying an additional 730,488 shares during the last quarter. 60.52% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on KMI. Stifel Nicolaus upped their price target on Kinder Morgan from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. Citigroup dropped their price target on Kinder Morgan from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. US Capital Advisors reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Tuesday, July 17th. Zacks Investment Research raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Wednesday, October 24th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Thursday, July 19th. One analyst has rated the stock with a sell rating, two have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $20.73.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Kinder Morgan had a return on equity of 5.51% and a net margin of 0.78%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 EPS. As a group, research analysts expect that Kinder Morgan Inc will post 0.87 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.57%. Kinder Morgan’s dividend payout ratio (DPR) is 121.21%.
In related news, insider Richard D. Kinder acquired 500,000 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The shares were acquired at an average price of $17.55 per share, with a total value of $8,775,000.00. Following the acquisition, the insider now owns 235,212,353 shares of the company’s stock, valued at approximately $4,127,976,795.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 14.16% of the company’s stock.
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Kinder Morgan Company 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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