OLD Second National Bank of Aurora decreased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.5% during the second quarter, Holdings Channel reports. The institutional investor owned 14,831 shares of the pipeline company’s stock after selling 222 shares during the period. OLD Second National Bank of Aurora’s holdings in Kinder Morgan were worth $284,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Park National Corp OH boosted its position in Kinder Morgan by 4.0% in the first quarter. Park National Corp OH now owns 13,939 shares of the pipeline company’s stock valued at $303,000 after buying an additional 542 shares in the last quarter. Trust Co. of Oklahoma boosted its position in Kinder Morgan by 9.2% in the first quarter. Trust Co. of Oklahoma now owns 60,627 shares of the pipeline company’s stock valued at $1,318,000 after buying an additional 5,107 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in Kinder Morgan by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 591,267 shares of the pipeline company’s stock valued at $12,854,000 after buying an additional 7,325 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in Kinder Morgan by 38.2% in the first quarter. Koshinski Asset Management Inc. now owns 14,804 shares of the pipeline company’s stock valued at $322,000 after buying an additional 4,094 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Kinder Morgan by 8.2% in the first quarter. Quadrant Capital Group LLC now owns 9,833 shares of the pipeline company’s stock valued at $199,000 after buying an additional 742 shares in the last quarter. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan, Inc. (KMI) traded down 0.15% on Friday, reaching $20.20. 6,071,995 shares of the company were exchanged. Kinder Morgan, Inc. has a 12-month low of $18.31 and a 12-month high of $23.36. The firm has a 50-day moving average of $19.45 and a 200 day moving average of $20.64. The firm has a market capitalization of $45.11 billion, a P/E ratio of 66.67 and a beta of 0.64.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 19th. The pipeline company reported $0.14 earnings per share 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 business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter in the previous year, the business posted $0.15 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts predict that Kinder Morgan, Inc. will post $0.64 earnings per share for the current year.

Kinder Morgan declared that its board has authorized a stock buyback program on Wednesday, July 19th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the pipeline company to purchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a $0.125 dividend. The ex-dividend date is Thursday, July 27th. This represents a $0.50 annualized dividend and a yield of 2.48%. Kinder Morgan’s payout ratio is presently 161.29%.

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Several equities analysts have commented on KMI shares. Macquarie started coverage on shares of Kinder Morgan in a research report on Friday, April 21st. They set a “neutral” rating and a $21.00 target price on the stock. Credit Suisse Group set a $27.00 target price on shares of Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, April 20th. Vetr lowered shares of Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $22.49 price target for the company. in a research note on Monday, April 24th. Wells Fargo & Company restated an “outperform” rating and set a $25.00 price target (down previously from $26.50) on shares of Kinder Morgan in a research note on Monday, May 15th. Finally, Sanford C. Bernstein started coverage on shares of Kinder Morgan in a research note on Tuesday, May 16th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $23.91.

In other Kinder Morgan news, Director William A. Smith purchased 4,903 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were acquired at an average cost of $20.24 per share, for a total transaction of $99,236.72. Following the completion of the transaction, the director now owns 14,587 shares of the company’s stock, valued at $295,240.88. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Richard D. Kinder purchased 500,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was acquired at an average price of $18.58 per share, for a total transaction of $9,290,000.00. Following the completion of the transaction, the insider now directly owns 234,712,353 shares of the company’s stock, valued at approximately $4,360,955,518.74. The disclosure for this purchase can be found here. Insiders acquired 507,503 shares of company stock worth $9,437,597 over the last quarter. Insiders own 13.99% of the company’s stock.

About Kinder Morgan

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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