Taylor Cottrill Erickson & Associates Inc. reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.6% during the second quarter, Holdings Channel reports. The firm owned 33,653 shares of the pipeline company’s stock after selling 2,005 shares during the period. Taylor Cottrill Erickson & Associates Inc.’s holdings in Kinder Morgan were worth $645,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Narwhal Capital Management boosted 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 period. Karpas Strategies LLC boosted 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 period. Everett Harris & Co. CA boosted 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 period. NBW Capital LLC boosted 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 period. Finally, Swiss National Bank boosted 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 period. 57.70% of the stock is owned by institutional investors.

Shares of Kinder Morgan, Inc. (NYSE:KMI) opened at 19.75 on Thursday. Kinder Morgan, Inc. has a one year low of $18.31 and a one year high of $23.36. The company has a market capitalization of $44.11 billion, a price-to-earnings ratio of 65.18 and a beta of 0.64. The stock has a 50 day moving average price of $19.64 and a 200-day moving average price of $20.56.

Kinder Morgan (NYSE:KMI) last announced 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 net margin of 6.20% and a return on equity of 4.41%. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the previous year, the business posted $0.15 EPS. Kinder Morgan’s revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts expect that Kinder Morgan, Inc. will post $0.64 EPS for the current year.

Kinder Morgan declared that its board has approved 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 reacquire up to 4.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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

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A number of equities research analysts recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $25.00 price objective on shares of Kinder Morgan in a research note on Friday, July 14th. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and set a $23.00 price objective (down from $27.00) on shares of Kinder Morgan in a research note on Tuesday, June 20th. TD Securities set a $26.00 price objective on Kinder Morgan and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Mizuho assumed coverage on Kinder Morgan in a research note on Thursday, July 27th. They set a “neutral” rating and a $22.00 price objective for the company. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and set a $25.00 price objective (down from $26.50) on shares of Kinder Morgan in a research note on Monday, May 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $23.91.

In other news, Director William A. Smith bought 4,903 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 14,587 shares in the company, valued at $295,240.88. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Dax Sanders bought 2,600 shares of the company’s stock in a transaction 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. In the last ninety days, insiders purchased 507,503 shares of company stock worth $9,437,597. 13.99% of the stock is owned by 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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