Alpine Woods Capital Investors LLC raised its holdings in Kinder Morgan (NYSE:KMI) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 963,000 shares of the pipeline company’s stock after acquiring an additional 30,000 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Kinder Morgan were worth $14,503,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Franklin Resources Inc. boosted its stake in Kinder Morgan by 2.6% in the fourth quarter. Franklin Resources Inc. now owns 41,606,868 shares of the pipeline company’s stock valued at $752,033,000 after acquiring an additional 1,044,432 shares during the last quarter. Geode Capital Management LLC boosted its stake in Kinder Morgan by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 19,319,338 shares of the pipeline company’s stock valued at $348,322,000 after acquiring an additional 513,245 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Kinder Morgan by 5.2% in the fourth quarter. Bank of New York Mellon Corp now owns 16,214,448 shares of the pipeline company’s stock valued at $292,995,000 after acquiring an additional 800,229 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Kinder Morgan by 125.7% in the fourth quarter. Clearbridge Investments LLC now owns 12,648,613 shares of the pipeline company’s stock valued at $228,560,000 after acquiring an additional 7,043,594 shares during the last quarter. Finally, Brookfield Asset Management Inc. boosted its stake in Kinder Morgan by 8.4% in the fourth quarter. Brookfield Asset Management Inc. now owns 12,113,750 shares of the pipeline company’s stock valued at $218,895,000 after acquiring an additional 935,700 shares during the last quarter. 62.95% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE KMI opened at $16.30 on Friday. The firm has a market cap of $36.27 billion, a PE ratio of 24.70, a PEG ratio of 1.81 and a beta of 0.62. Kinder Morgan has a twelve month low of $16.37 and a twelve month high of $16.47. The company has a current ratio of 0.48, a quick ratio of 0.40 and a debt-to-equity ratio of 1.01.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 18th. The pipeline company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Kinder Morgan had a net margin of 1.95% and a return on equity of 4.57%. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same period last year, the business posted $0.17 earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. equities analysts anticipate that Kinder Morgan will post 0.87 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Monday, April 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.91%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, April 27th. Kinder Morgan’s dividend payout ratio (DPR) is presently 121.21%.

KMI has been the topic of a number of recent research reports. Credit Suisse Group set a $22.00 price objective on shares of Kinder Morgan and gave the company a “buy” rating in a research note on Monday, February 12th. Deutsche Bank initiated coverage on shares of Kinder Morgan in a research note on Thursday, April 19th. They issued a “buy” rating and a $21.00 price objective on the stock. Zacks Investment Research raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Tuesday, March 13th. ValuEngine cut shares of Kinder Morgan from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Finally, Morgan Stanley reduced their price target on shares of Kinder Morgan from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.32.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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

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