Kinder Morgan Inc. (KMI) Position Held by C V Starr & Co. Inc.
C V Starr & Co. Inc. held its stake in shares of Kinder Morgan Inc. (NYSE:KMI) during the third quarter, Holdings Channel reports. The institutional investor owned 92,631 shares of the company’s stock at the end of the third quarter. Kinder Morgan accounts for about 9.7% of C V Starr & Co. Inc.’s portfolio, making the stock its 6th largest position. C V Starr & Co. Inc.’s holdings in Kinder Morgan were worth $2,143,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. UBS Asset Management Americas Inc. increased its stake in Kinder Morgan by 5.1% in the third quarter. UBS Asset Management Americas Inc. now owns 4,786,969 shares of the company’s stock worth $110,722,000 after buying an additional 233,790 shares during the last quarter. CI Global Investments Inc. bought a new position in shares of Kinder Morgan during the second quarter valued at about $103,965,000. Advisor Partners LLC increased its position in shares of Kinder Morgan by 8.8% in the second quarter. Advisor Partners LLC now owns 37,640 shares of the company’s stock valued at $705,000 after buying an additional 3,051 shares in the last quarter. GW&K Investment Management LLC increased its position in shares of Kinder Morgan by 6.6% in the second quarter. GW&K Investment Management LLC now owns 891,435 shares of the company’s stock valued at $16,688,000 after buying an additional 55,463 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. increased its position in shares of Kinder Morgan by 6.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 4,090,171 shares of the company’s stock valued at $94,605,000 after buying an additional 251,000 shares in the last quarter. 54.05% of the stock is currently owned by institutional investors.
Shares of Kinder Morgan Inc. (NYSE:KMI) traded up 3.74% during trading on Wednesday, reaching $22.20. 29,390,259 shares of the company’s stock were exchanged. The company has a 50 day moving average of $20.95 and a 200 day moving average of $20.38. The firm’s market capitalization is $49.56 billion. Kinder Morgan Inc. has a 52-week low of $11.20 and a 52-week high of $23.36.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 19th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.25. The firm earned $3.33 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Kinder Morgan had a negative net margin of 1.13% and a positive return on equity of 4.69%. The firm’s revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 EPS. Equities analysts anticipate that Kinder Morgan Inc. will post $0.64 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 28th. This represents a $0.50 annualized dividend and a dividend yield of 2.25%. Kinder Morgan’s dividend payout ratio (DPR) is presently -416.67%.
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Several brokerages recently issued reports on KMI. Morgan Stanley set a $24.00 price objective on Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 20th. Goldman Sachs Group Inc. set a $24.00 price objective on Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 20th. Wolfe Research downgraded Kinder Morgan to a “buy” rating in a research report on Tuesday, November 22nd. Barclays PLC set a $25.00 price objective on Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 20th. Finally, Credit Suisse Group AG upgraded Kinder Morgan from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $23.00 to $26.00 in a research report on Thursday, October 20th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $22.33.
In other news, Director Fayez Sarofim purchased 700,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, October 24th. The stock was acquired at an average price of $21.41 per share, for a total transaction of $14,987,000.00. Following the transaction, the director now owns 29,142,387 shares in the company, valued at $623,938,505.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.97% of the stock is currently owned by corporate insiders.
Kinder Morgan Company Profile
Kinder Morgan, Inc (KMI) is an energy infrastructure company in North America. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Company’s Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.
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