Pring Turner Capital Group Inc. grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 133,499 shares of the pipeline company’s stock after acquiring an additional 2,264 shares during the period. Kinder Morgan accounts for approximately 2.6% of Pring Turner Capital Group Inc.’s investment portfolio, making the stock its 22nd biggest holding. Pring Turner Capital Group Inc.’s holdings in Kinder Morgan were worth $2,558,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KMI. DekaBank Deutsche Girozentrale grew its holdings in Kinder Morgan by 3.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 754,826 shares of the pipeline company’s stock worth $16,299,000 after acquiring an additional 27,588 shares during the period. Moody Lynn & Lieberson LLC grew its holdings in Kinder Morgan by 0.3% during the 1st quarter. Moody Lynn & Lieberson LLC now owns 18,529 shares of the pipeline company’s stock worth $403,000 after acquiring an additional 50 shares during the period. Daiwa Securities Group Inc. grew its holdings in Kinder Morgan by 22.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 644,263 shares of the pipeline company’s stock worth $14,006,000 after acquiring an additional 116,006 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in Kinder Morgan by 26.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 89,785 shares of the pipeline company’s stock worth $1,952,000 after acquiring an additional 18,666 shares during the period. Finally, Capital Fund Management S.A. grew its holdings in Kinder Morgan by 43.7% during the 1st quarter. Capital Fund Management S.A. now owns 630,982 shares of the pipeline company’s stock worth $13,718,000 after acquiring an additional 191,782 shares during the period. Hedge funds and other institutional investors own 59.12% of the company’s stock.

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. 13.99% of the stock is currently owned by company insiders.

Several brokerages have recently commented on KMI. Wolfe Research downgraded Kinder Morgan from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $26.00 to $21.00 in a research note on Tuesday, May 30th. Zacks Investment Research downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Wednesday, May 31st. Raymond James Financial, Inc. restated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, May 31st. TD Securities set a $26.00 target price on Kinder Morgan and gave the company a “buy” rating in a research note on Tuesday, June 20th. Finally, BMO Capital Markets set a $26.00 target price on Kinder Morgan and gave the company a “buy” rating in a research note on Tuesday, June 20th. One 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 given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $23.91.

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Kinder Morgan, Inc. (NYSE:KMI) traded down 0.10% during trading on Monday, hitting $19.34. 3,083,354 shares of the company’s stock traded hands. The stock has a market cap of $43.19 billion, a P/E ratio of 63.83 and a beta of 0.65. Kinder Morgan, Inc. has a 12 month low of $18.23 and a 12 month high of $23.36. The company’s 50 day moving average is $19.37 and its 200-day moving average is $19.99.

Kinder Morgan (NYSE:KMI) last issued its 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 company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the prior year, the business posted $0.15 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, 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.

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.

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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