Duff & Phelps Investment Management Co. raised its position in Kinder Morgan Inc. (NYSE:KMI) by 6.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,090,171 shares of the company’s stock after buying an additional 251,000 shares during the period. Kinder Morgan comprises about 1.3% of Duff & Phelps Investment Management Co.’s holdings, making the stock its 16th largest position. Duff & Phelps Investment Management Co. owned 0.18% of Kinder Morgan worth $94,605,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of KMI. Fairfield Bush & CO. raised its position in Kinder Morgan by 0.3% in the second quarter. Fairfield Bush & CO. now owns 31,950 shares of the company’s stock worth $598,000 after buying an additional 80 shares during the last quarter. Ngam Advisors L.P. raised its position in Kinder Morgan by 0.7% in the second quarter. Ngam Advisors L.P. now owns 27,744 shares of the company’s stock worth $519,000 after buying an additional 184 shares during the last quarter. CapWealth Advisors LLC raised its position in Kinder Morgan by 1.5% in the second quarter. CapWealth Advisors LLC now owns 16,134 shares of the company’s stock worth $302,000 after buying an additional 243 shares during the last quarter. Ronna Sue Cohen raised its position in Kinder Morgan by 0.5% in the third quarter. Ronna Sue Cohen now owns 52,817 shares of the company’s stock worth $1,222,000 after buying an additional 256 shares during the last quarter. Finally, Trust Co. of Toledo NA OH raised its position in Kinder Morgan by 2.6% in the second quarter. Trust Co. of Toledo NA OH now owns 11,797 shares of the company’s stock worth $221,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 54.05% of the company’s stock.

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

Shares of Kinder Morgan Inc. (NYSE:KMI) opened at 21.43 on Tuesday. Kinder Morgan Inc. has a 12 month low of $11.20 and a 12 month high of $23.62. The firm’s 50 day moving average is $20.96 and its 200 day moving average is $20.35. The company’s market cap is $47.84 billion.

Kinder Morgan (NYSE:KMI) last announced its earnings results 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 business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the company earned $0.08 EPS. The business’s revenue for the quarter was down 10.2% on a year-over-year basis. On average, equities analysts predict that Kinder Morgan Inc. will post $0.64 earnings per share for the current 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 dividend of $0.125 per share. The ex-dividend date was Friday, October 28th. This represents a $0.50 annualized dividend and a dividend yield of 2.33%. Kinder Morgan’s dividend payout ratio is -416.67%.

ILLEGAL ACTIVITY WARNING: This report was first published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this report on another website, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2016/11/29/kinder-morgan-inc-kmi-stake-raised-by-duff-phelps-investment-management-co.html.

A number of research firms recently weighed in on KMI. Morgan Stanley raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $23.00 to $24.00 in a research report on Thursday, August 18th. Vetr raised Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $24.21 target price on the stock in a research report on Monday. Goldman Sachs Group Inc. set a $24.00 target price on Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 20th. Stifel Nicolaus raised Kinder Morgan from a “hold” rating to a “buy” rating and decreased their target price for the stock from $25.00 to $24.00 in a research report on Thursday, October 20th. They noted that the move was a valuation call. Finally, Barclays PLC set a $25.00 target price on Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 20th. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus 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 shares were 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 of the company’s stock, valued at approximately $623,938,505.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.

5 Day Chart for NYSE:KMI

Receive News & Stock Ratings for Kinder Morgan Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan Inc. and related stocks with our FREE daily email newsletter.