Welch Group LLC trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 19.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,581 shares of the pipeline company’s stock after selling 4,177 shares during the quarter. Welch Group LLC’s holdings in Kinder Morgan were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of KMI. Commonwealth Bank of Australia increased its holdings in Kinder Morgan by 45.9% in the second quarter. Commonwealth Bank of Australia now owns 19,733,993 shares of the pipeline company’s stock worth $378,101,000 after purchasing an additional 6,205,165 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Kinder Morgan by 133.5% in the second quarter. Renaissance Technologies LLC now owns 8,210,372 shares of the pipeline company’s stock worth $157,311,000 after purchasing an additional 4,694,441 shares in the last quarter. Eagle Global Advisors LLC increased its holdings in Kinder Morgan by 54.8% in the second quarter. Eagle Global Advisors LLC now owns 6,487,737 shares of the pipeline company’s stock worth $124,305,000 after purchasing an additional 2,295,410 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Kinder Morgan by 22.9% in the second quarter. Dimensional Fund Advisors LP now owns 11,901,548 shares of the pipeline company’s stock worth $228,029,000 after purchasing an additional 2,217,905 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Kinder Morgan by 29.1% in the second quarter. Russell Investments Group Ltd. now owns 9,683,478 shares of the pipeline company’s stock worth $185,495,000 after purchasing an additional 2,182,985 shares in the last quarter. Institutional investors own 59.03% of the company’s stock.

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A number of equities research analysts have weighed in on the company. Morgan Stanley lowered their target price on Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday. Royal Bank Of Canada reiterated a “hold” rating and issued a $22.00 target price on shares of Kinder Morgan in a report on Wednesday. BidaskClub downgraded Kinder Morgan from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Stifel Nicolaus set a $25.00 target price on Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, August 17th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 target price on shares of Kinder Morgan in a report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.97.

Shares of Kinder Morgan, Inc. (NYSE:KMI) traded up $0.12 during trading hours on Friday, hitting $16.95. The company had a trading volume of 6,250,000 shares, compared to its average volume of 12,210,000. The stock has a market capitalization of $37,850.00, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.32 and a beta of 0.65. 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 one year low of $16.70 and a one year high of $23.01.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.21 billion. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. Kinder Morgan’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. analysts anticipate 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. Investors of record on Tuesday, October 31st were given a dividend of $0.125 per share. The ex-dividend date was Monday, October 30th. This represents a $0.50 annualized dividend and a dividend yield of 2.95%. Kinder Morgan’s payout ratio is 89.29%.

About Kinder Morgan

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

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