Kinder Morgan, Inc. (KMI) Shares Bought by Caisse DE Depot ET Placement DU Quebec
Caisse DE Depot ET Placement DU Quebec lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 10.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,579,585 shares of the pipeline company’s stock after purchasing an additional 143,300 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.07% of Kinder Morgan worth $30,424,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Heritage Trust Co grew its stake in shares of Kinder Morgan by 457.7% during the second quarter. Heritage Trust Co now owns 5,242 shares of the pipeline company’s stock valued at $101,000 after buying an additional 4,302 shares during the last quarter. Welch Investments LLC purchased a new stake in shares of Kinder Morgan during the third quarter worth about $102,000. Fiduciary Trust Co. purchased a new stake in shares of Kinder Morgan during the second quarter worth about $115,000. Acrospire Investment Management LLC boosted its holdings in shares of Kinder Morgan by 30.7% during the second quarter. Acrospire Investment Management LLC now owns 6,814 shares of the pipeline company’s stock worth $131,000 after purchasing an additional 1,600 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of Kinder Morgan by 14.0% during the second quarter. Parallel Advisors LLC now owns 6,673 shares of the pipeline company’s stock worth $136,000 after purchasing an additional 819 shares during the period. 60.88% of the stock is currently owned by hedge funds and other institutional investors.
Kinder Morgan, Inc. (NYSE KMI) traded down $0.11 during trading hours on Wednesday, reaching $17.14. 13,973,600 shares of the company’s stock were exchanged, compared to its average volume of 11,521,160. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.42. Kinder Morgan, Inc. has a fifty-two week low of $16.68 and a fifty-two week high of $23.01. The company has a market cap of $38,523.39, a P/E ratio of 26.54, a PEG ratio of 1.34 and a beta of 0.62.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.21 billion. During the same quarter in the previous year, the firm posted ($0.10) EPS. The firm’s revenue was down 1.5% on a year-over-year basis. equities analysts predict that Kinder Morgan, Inc. will post 0.64 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Monday, October 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 89.29%.
Several analysts have commented on KMI shares. Stifel Nicolaus lowered their price objective on shares of Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, October 24th. BMO Capital Markets set a $26.00 price objective on shares of Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, October 12th. SunTrust Banks set a $23.00 price objective on shares of Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, October 19th. Zacks Investment Research upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, Mizuho restated a “hold” rating and issued a $22.00 price objective on shares of Kinder Morgan in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price 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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