North Point Portfolio Managers Corp OH continued to hold its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the second quarter, Holdings Channel reports. The institutional investor owned 12,356 shares of the pipeline company’s stock at the end of the second quarter. North Point Portfolio Managers Corp OH’s holdings in Kinder Morgan were worth $237,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in KMI. Narwhal Capital Management raised its stake in shares of Kinder Morgan by 44.7% in the first quarter. Narwhal Capital Management now owns 62,110 shares of the pipeline company’s stock worth $1,350,000 after buying an additional 19,180 shares during the last quarter. Karpas Strategies LLC raised its stake in shares of Kinder Morgan by 0.5% in the first quarter. Karpas Strategies LLC now owns 100,715 shares of the pipeline company’s stock worth $2,190,000 after buying an additional 550 shares during the last quarter. Everett Harris & Co. CA raised its stake in shares of Kinder Morgan by 12.9% in the first quarter. Everett Harris & Co. CA now owns 127,345 shares of the pipeline company’s stock worth $2,768,000 after buying an additional 14,502 shares during the last quarter. NBW Capital LLC raised its stake in shares of Kinder Morgan by 3.2% in the first quarter. NBW Capital LLC now owns 424,079 shares of the pipeline company’s stock worth $9,219,000 after buying an additional 13,284 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Kinder Morgan by 27.2% in the first quarter. Swiss National Bank now owns 6,723,469 shares of the pipeline company’s stock worth $146,168,000 after buying an additional 1,438,600 shares during the last quarter. 57.70% of the stock is currently owned by institutional investors.

Kinder Morgan, Inc. (KMI) opened at 19.75 on Wednesday. Kinder Morgan, Inc. has a 12-month low of $18.31 and a 12-month high of $23.36. The company has a 50-day moving average price of $19.56 and a 200 day moving average price of $20.63. The stock has a market cap of $44.11 billion, a price-to-earnings ratio of 65.18 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 (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 analysts’ expectations of $3.12 billion. During the same period last year, the firm earned $0.15 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities research analysts predict that Kinder Morgan, Inc. will post $0.64 EPS for the current year.

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 buy 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 stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.53%. The ex-dividend date is Thursday, July 27th. Kinder Morgan’s dividend payout ratio (DPR) is 161.29%.

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KMI has been the topic of a number of research analyst reports. Wolfe Research lowered Kinder Morgan from an “outperform” rating to a “market perform” rating and cut their target price for the company from $26.00 to $21.00 in a research report on Tuesday, May 30th. Credit Suisse Group set a $27.00 target price on Kinder Morgan and gave the company a “buy” rating in a research report on Thursday, April 20th. Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Wednesday, May 31st. Morgan Stanley reissued an “overweight” rating and issued a $25.00 target price on shares of Kinder Morgan in a research report on Monday, July 3rd. Finally, BMO Capital Markets set a $26.00 target price on Kinder Morgan and gave the company a “buy” rating in a research report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $23.91.

In other news, Director William A. Smith purchased 4,903 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were purchased at an average price of $20.24 per share, with a total value of $99,236.72. Following the purchase, the director now directly owns 14,587 shares of the company’s stock, valued at approximately $295,240.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Dax Sanders purchased 2,600 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average cost of $18.60 per share, for a total transaction of $48,360.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 507,503 shares of company stock worth $9,437,597 in the last ninety days. 13.99% of the stock is currently owned by insiders.

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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