UBS Asset Management Americas Inc. Increases Position in Kinder Morgan Inc. (KMI)
UBS Asset Management Americas Inc. raised its position in shares of Kinder Morgan Inc. (NYSE:KMI) by 5.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,786,969 shares of the company’s stock after buying an additional 233,790 shares during the period. UBS Asset Management Americas Inc. owned 0.21% of Kinder Morgan worth $110,722,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. A.R.T. Advisors LLC acquired a new stake in shares of Kinder Morgan during the first quarter worth $1,178,000. BlueMountain Capital Management LLC raised its stake in shares of Kinder Morgan by 116.3% in the first quarter. BlueMountain Capital Management LLC now owns 29,524 shares of the company’s stock worth $527,000 after buying an additional 15,873 shares during the last quarter. Cullinan Associates Inc. purchased a new stake in shares of Kinder Morgan during the second quarter worth approximately $212,000. Private Asset Management Inc. raised its stake in shares of Kinder Morgan by 5.3% in the second quarter. Private Asset Management Inc. now owns 506,113 shares of the company’s stock worth $9,474,000 after buying an additional 25,667 shares during the last quarter. Finally, Merriman Wealth Management LLC purchased a new stake in shares of Kinder Morgan during the second quarter worth approximately $1,241,000. Institutional investors own 54.05% of the company’s stock.
Shares of Kinder Morgan Inc. (NYSE:KMI) opened at 21.43 on Tuesday. The stock’s 50 day moving average price is $20.96 and its 200-day moving average price is $20.35. Kinder Morgan Inc. has a 52 week low of $11.20 and a 52 week high of $23.62. The company’s market cap is $47.84 billion.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 19th. The company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.25. Kinder Morgan had a negative net margin of 1.13% and a positive return on equity of 4.69%. The firm earned $3.33 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the business posted $0.08 EPS. The company’s revenue was down 10.2% on a year-over-year basis. Analysts expect that Kinder Morgan Inc. will post $0.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 28th. This represents a $0.50 dividend on an annualized basis and a yield of 2.33%. Kinder Morgan’s dividend payout ratio (DPR) is presently -416.67%.
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A number of brokerages recently commented on KMI. Stifel Nicolaus lowered Kinder Morgan from a “buy” rating to a “hold” rating and set a $24.00 price objective for the company. in a research report on Tuesday, October 4th. Vetr upgraded Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $25.20 price objective for the company in a research report on Tuesday, October 4th. Wolfe Research began coverage on Kinder Morgan in a research report on Friday, October 7th. They issued a “hold” rating and a $24.00 price objective for the company. Zacks Investment Research upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Tuesday, September 20th. Finally, BMO Capital Markets lowered Kinder Morgan to a “buy” rating in a research report on Tuesday, November 22nd. Nine 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 stock. The stock has a consensus rating of “Buy” and a consensus target price of $22.33.
In other news, Director Fayez Sarofim acquired 700,000 shares of Kinder Morgan stock in a transaction on Monday, October 24th. The stock was purchased at an average price of $21.41 per share, with a total value of $14,987,000.00. Following the completion of the purchase, the director now owns 29,142,387 shares of the company’s stock, valued at approximately $623,938,505.67. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.97% of the stock is owned by company insiders.
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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