Gulf International Bank UK Ltd Has $13,481,000 Position in Kinder Morgan Inc. (KMI)
Gulf International Bank UK Ltd increased its position in shares of Kinder Morgan Inc. (NYSE:KMI) by 2.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 582,842 shares of the company’s stock after buying an additional 13,600 shares during the period. Gulf International Bank UK Ltd’s holdings in Kinder Morgan were worth $13,481,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of KMI. CI Global Investments Inc. bought a new position in shares of Kinder Morgan during the second quarter worth about $103,965,000. Advisor Partners LLC boosted 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 worth $705,000 after buying an additional 3,051 shares during the last quarter. GW&K Investment Management LLC boosted 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 worth $16,688,000 after buying an additional 55,463 shares during the last quarter. Confluence Investment Management LLC boosted its position in shares of Kinder Morgan by 16.7% in the second quarter. Confluence Investment Management LLC now owns 2,352,603 shares of the company’s stock worth $44,041,000 after buying an additional 337,389 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its position in shares of Kinder Morgan by 3.4% in the second quarter. Hennessy Advisors Inc. now owns 4,143,225 shares of the company’s stock worth $77,561,000 after buying an additional 135,000 shares during the last quarter. 54.05% of the stock is owned by institutional investors.
Kinder Morgan Inc. (NYSE:KMI) traded down 1.077% during midday trading on Monday, reaching $21.575. The company’s stock had a trading volume of 7,059,607 shares. The firm’s market cap is $48.16 billion. The firm has a 50 day moving average of $20.96 and a 200 day moving average of $20.28. Kinder Morgan Inc. has a 52-week low of $11.20 and a 52-week high of $23.99.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.25. Kinder Morgan had a positive return on equity of 4.69% and a negative net margin of 1.13%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the business earned $0.08 earnings per share. Kinder Morgan’s revenue was down 10.2% compared to the same quarter last year. Analysts anticipate that Kinder Morgan Inc. will post $0.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st were given a dividend of $0.125 per share. The ex-dividend date was Friday, October 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.29%. Kinder Morgan’s dividend payout ratio (DPR) is -416.67%.
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KMI has been the subject of a number of research analyst reports. Stifel Nicolaus raised Kinder Morgan from a “hold” rating to a “buy” rating and cut their price target for the company from $25.00 to $24.00 in a report on Thursday, October 20th. They noted that the move was a valuation call. Vetr raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $22.41 price target for the company in a report on Thursday, August 25th. Zacks Investment Research raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, September 20th. Goldman Sachs Group Inc. set a $24.00 price target on Kinder Morgan and gave the company a “buy” rating in a report on Thursday, October 20th. Finally, Barclays PLC set a $25.00 price target on Kinder Morgan and gave the company a “buy” rating in a 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 given a strong buy rating to the company’s stock. Kinder Morgan has a consensus rating of “Buy” and a consensus price target of $22.32.
In related news, Director Fayez Sarofim acquired 700,000 shares of the stock in a transaction dated Monday, October 24th. The stock was bought at an average cost of $21.41 per share, for a total transaction of $14,987,000.00. Following the completion of the transaction, the director now directly owns 29,142,387 shares of the company’s stock, valued at $623,938,505.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.97% of the company’s stock.
About Kinder Morgan
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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