Skandinaviska Enskilda Banken AB publ increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 365,969 shares of the pipeline company’s stock after buying an additional 1,234 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Kinder Morgan were worth $7,956,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in shares of Kinder Morgan during the fourth quarter valued at about $305,000. Quadrature Capital Ltd bought a new stake in shares of Kinder Morgan during the fourth quarter valued at about $3,685,000. Ibex Wealth Advisors raised its stake in shares of Kinder Morgan by 10.1% in the fourth quarter. Ibex Wealth Advisors now owns 21,168 shares of the pipeline company’s stock valued at $476,000 after buying an additional 1,937 shares during the period. Orbis Allan Gray Ltd raised its stake in shares of Kinder Morgan by 10.1% in the fourth quarter. Orbis Allan Gray Ltd now owns 1,332,985 shares of the pipeline company’s stock valued at $27,606,000 after buying an additional 122,195 shares during the period. Finally, HighPoint Advisor Group LLC raised its stake in shares of Kinder Morgan by 34.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 61,146 shares of the pipeline company’s stock valued at $1,331,000 after buying an additional 15,747 shares during the period. Institutional investors and hedge funds own 57.56% of the company’s stock.

Kinder Morgan, Inc. (NYSE:KMI) opened at 20.33 on Tuesday. The stock has a market capitalization of $45.34 billion, a P/E ratio of 66.88 and a beta of 0.63. The firm’s 50-day moving average is $19.20 and its 200-day moving average is $20.70. Kinder Morgan, Inc. has a 52 week low of $18.31 and a 52 week high of $23.36.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 19th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Kinder Morgan had a return on equity of 4.41% and a net margin of 6.20%. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same period in the prior year, the business earned $0.15 earnings per share. Kinder Morgan’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities research analysts predict that Kinder Morgan, Inc. will post $0.65 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.50 annualized dividend and a dividend yield of 2.46%. Kinder Morgan’s dividend payout ratio is currently 161.29%.

Kinder Morgan announced that its board has initiated a stock buyback program on Wednesday, July 19th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the pipeline company to purchase up to 4.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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KMI has been the topic of several research analyst reports. Vetr lowered shares of Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $23.88 target price on the stock. in a research report on Tuesday, March 28th. Macquarie initiated coverage on shares of Kinder Morgan in a research report on Friday, April 21st. They set a “neutral” rating and a $21.00 price target on the stock. Credit Suisse Group set a $27.00 price target on shares of Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, April 20th. Wells Fargo & Company restated an “outperform” rating and set a $25.00 price target (down from $26.50) on shares of Kinder Morgan in a research report on Monday, May 15th. Finally, Sanford C. Bernstein initiated coverage on shares of Kinder Morgan in a research report on Tuesday, May 16th. They set a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $24.03.

In other news, VP Dax Sanders purchased 2,600 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of $18.60 per share, with a total value of $48,360.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Richard D. Kinder purchased 500,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were purchased at an average cost of $18.58 per share, for a total transaction of $9,290,000.00. Following the completion of the purchase, the insider now directly owns 234,712,353 shares in the company, valued at $4,360,955,518.74. The disclosure for this purchase can be found here. 13.99% of the stock is owned by company insiders.

Kinder Morgan Company 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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