Tokio Marine Asset Management Co. Ltd. lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 11.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,023 shares of the pipeline company’s stock after selling 6,221 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Kinder Morgan were worth $958,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. DnB Asset Management AS boosted its position in Kinder Morgan by 15.6% in the first quarter. DnB Asset Management AS now owns 225,173 shares of the pipeline company’s stock worth $4,895,000 after buying an additional 30,443 shares in the last quarter. SFE Investment Counsel boosted its position in Kinder Morgan by 21.9% in the first quarter. SFE Investment Counsel now owns 52,087 shares of the pipeline company’s stock worth $1,132,000 after buying an additional 9,343 shares in the last quarter. Capital Investment Advisors LLC boosted its position in Kinder Morgan by 1.4% in the first quarter. Capital Investment Advisors LLC now owns 105,820 shares of the pipeline company’s stock worth $2,301,000 after buying an additional 1,469 shares in the last quarter. Washington Trust Bank boosted its position in Kinder Morgan by 2.6% in the first quarter. Washington Trust Bank now owns 204,525 shares of the pipeline company’s stock worth $4,446,000 after buying an additional 5,267 shares in the last quarter. Finally, American Research & Management Co. boosted its position in Kinder Morgan by 5.4% in the first quarter. American Research & Management Co. now owns 28,089 shares of the pipeline company’s stock worth $611,000 after buying an additional 1,450 shares in the last quarter. Institutional investors and hedge funds own 57.70% of the company’s stock.

Shares of Kinder Morgan, Inc. (NYSE KMI) opened at 19.39 on Friday. The firm has a 50-day moving average price of $19.67 and a 200-day moving average price of $20.55. The firm has a market cap of $43.30 billion, a price-to-earnings ratio of 63.99 and a beta of 0.64. Kinder Morgan, Inc. has a 52-week low of $18.31 and a 52-week high of $23.36.

Kinder Morgan (NYSE:KMI) last issued its 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 company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same period in the previous year, the company earned $0.15 EPS. Kinder Morgan’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts predict that Kinder Morgan, Inc. will post $0.64 EPS for the current fiscal year.

Kinder Morgan announced that its Board of Directors has authorized a stock buyback program on Wednesday, July 19th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the pipeline company to buy up to 4.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, July 27th. Kinder Morgan’s payout ratio is 161.29%.

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A number of research firms have recently weighed in on KMI. Credit Suisse Group set a $27.00 price target on Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, April 20th. Macquarie started coverage on Kinder Morgan in a report on Friday, April 21st. They set a “neutral” rating and a $21.00 target price for the company. Raymond James Financial, Inc. restated a “buy” rating on shares of Kinder Morgan in a report on Saturday, July 22nd. BMO Capital Markets restated a “buy” rating and set a $26.00 target price on shares of Kinder Morgan in a report on Friday, July 28th. Finally, Zacks Investment Research upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $23.91.

In related news, VP Dax Sanders bought 2,600 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was bought at an average price of $18.60 per share, with a total value of $48,360.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard D. Kinder bought 500,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was bought at an average cost of $18.58 per share, with a total value of $9,290,000.00. Following the transaction, the insider now directly owns 234,712,353 shares of the company’s stock, valued at $4,360,955,518.74. The disclosure for this purchase can be found here. Insiders bought 507,503 shares of company stock valued at $9,437,597 in the last ninety days. Company insiders own 13.99% of the company’s stock.

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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