Commonwealth Equity Services Inc lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 574,733 shares of the pipeline company’s stock after selling 30,621 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Kinder Morgan were worth $11,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Private Harbour Investment Management & Counsel LLC raised its position in shares of Kinder Morgan by 0.3% in the 2nd quarter. Private Harbour Investment Management & Counsel LLC now owns 15,050 shares of the pipeline company’s stock worth $288,000 after purchasing an additional 50 shares during the last quarter. North Star Asset Management Inc. raised its position in shares of Kinder Morgan by 0.6% in the 2nd quarter. North Star Asset Management Inc. now owns 10,029 shares of the pipeline company’s stock worth $192,000 after purchasing an additional 61 shares during the last quarter. CNH Partners LLC raised its position in shares of Kinder Morgan by 0.4% in the 2nd quarter. CNH Partners LLC now owns 27,467 shares of the pipeline company’s stock worth $526,000 after purchasing an additional 100 shares during the last quarter. Merriman Wealth Management LLC raised its position in shares of Kinder Morgan by 0.4% in the 2nd quarter. Merriman Wealth Management LLC now owns 59,481 shares of the pipeline company’s stock worth $1,140,000 after purchasing an additional 239 shares during the last quarter. Finally, Fernwood Investment Management LLC raised its position in shares of Kinder Morgan by 1.6% in the 2nd quarter. Fernwood Investment Management LLC now owns 19,999 shares of the pipeline company’s stock worth $383,000 after purchasing an additional 319 shares during the last quarter. 59.03% of the stock is owned by hedge funds and other institutional investors.

Shares of Kinder Morgan, Inc. (NYSE KMI) traded up $0.14 during trading hours on Friday, hitting $16.97. The company had a trading volume of 4,933,520 shares, compared to its average volume of 12,210,000. The company has a market cap of $37,860.00, a P/E ratio of 26.20, a PEG ratio of 1.32 and a beta of 0.65. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.96. Kinder Morgan, Inc. has a 52 week low of $16.70 and a 52 week high of $23.01.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.15. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.21 billion. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.10) EPS. research analysts predict that Kinder Morgan, Inc. will post 0.64 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a dividend of $0.125 per share. The ex-dividend date was Monday, October 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.95%. Kinder Morgan’s dividend payout ratio (DPR) is presently 89.29%.

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KMI has been the subject of several recent analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 price target on shares of Kinder Morgan in a research report on Thursday, July 20th. Raymond James Financial, Inc. reiterated a “buy” rating on shares of Kinder Morgan in a report on Saturday, July 22nd. Zacks Investment Research upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Mizuho began coverage on Kinder Morgan in a report on Thursday, July 27th. They issued a “neutral” rating and a $22.00 price objective for the company. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $26.00 price objective on shares of Kinder Morgan in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $22.97.

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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