Kinder Morgan Inc (KMI) Holdings Boosted by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP grew its position in shares of Kinder Morgan Inc (NYSE:KMI) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,232,929 shares of the pipeline company’s stock after buying an additional 650,164 shares during the quarter. Kinder Morgan accounts for approximately 2.7% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 12th biggest holding. Kayne Anderson Capital Advisors LP owned 0.55% of Kinder Morgan worth $216,877,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Tortoise Capital Advisors L.L.C. lifted its position in shares of Kinder Morgan by 13.6% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 18,255,609 shares of the pipeline company’s stock worth $322,577,000 after buying an additional 2,186,054 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Kinder Morgan by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,483,633 shares of the pipeline company’s stock worth $273,561,000 after purchasing an additional 322,787 shares during the period. Legal & General Group Plc raised its holdings in shares of Kinder Morgan by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 11,028,849 shares of the pipeline company’s stock worth $194,841,000 after purchasing an additional 80,214 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Kinder Morgan by 6.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 10,537,887 shares of the pipeline company’s stock worth $186,451,000 after purchasing an additional 623,705 shares during the period. Finally, Putnam Investments LLC raised its holdings in shares of Kinder Morgan by 8.6% in the 2nd quarter. Putnam Investments LLC now owns 9,255,454 shares of the pipeline company’s stock worth $163,544,000 after purchasing an additional 730,488 shares during the period. 61.04% of the stock is currently owned by hedge funds and other institutional investors.

In other Kinder Morgan news, insider Richard D. Kinder acquired 500,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, September 27th. The stock was acquired at an average cost of $17.55 per share, for a total transaction of $8,775,000.00. Following the purchase, the insider now owns 235,212,353 shares of the company’s stock, valued at $4,127,976,795.15. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.16% of the stock is currently owned by insiders.

A number of research firms recently commented on KMI. Zacks Investment Research cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Tuesday, November 13th. Barclays set a $21.00 price target on shares of Kinder Morgan and gave the stock a “buy” rating in a report on Friday, October 12th. Credit Suisse Group began coverage on shares of Kinder Morgan in a report on Thursday, October 11th. They issued an “outperform” rating and a $23.00 price target on the stock. Goldman Sachs Group began coverage on shares of Kinder Morgan in a report on Monday, October 8th. They issued a “conviction-buy” rating and a $24.00 price target on the stock. Finally, ValuEngine raised shares of Kinder Morgan from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $20.73.

Kinder Morgan stock opened at $17.17 on Friday. Kinder Morgan Inc has a 1-year low of $14.69 and a 1-year high of $19.83. The company has a market capitalization of $37.88 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 2.32 and a beta of 0.69. The company has a quick ratio of 0.98, a current ratio of 1.05 and a debt-to-equity ratio of 1.00.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 17th. The pipeline company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. Kinder Morgan had a net margin of 0.78% and a return on equity of 5.51%. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same period in the previous year, the business earned $0.15 EPS. Kinder Morgan’s revenue was up 7.2% compared to the same quarter last year. Sell-side analysts forecast that Kinder Morgan Inc will post 0.87 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were paid a $0.20 dividend. The ex-dividend date was Tuesday, October 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.66%. Kinder Morgan’s dividend payout ratio is 121.21%.

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About Kinder Morgan

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

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