Azimuth Capital Management LLC increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 180,268 shares of the pipeline company’s stock after buying an additional 7,272 shares during the quarter. Azimuth Capital Management LLC’s holdings in Kinder Morgan were worth $2,464,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Kinder Morgan by 0.4% in the third quarter. BlackRock Inc. now owns 151,634,108 shares of the pipeline company’s stock worth $1,869,647,000 after purchasing an additional 642,630 shares during the period. Morgan Stanley lifted its holdings in Kinder Morgan by 5.9% in the third quarter. Morgan Stanley now owns 14,053,852 shares of the pipeline company’s stock worth $173,283,000 after purchasing an additional 783,163 shares during the period. Nuveen Asset Management LLC lifted its holdings in Kinder Morgan by 15.3% in the third quarter. Nuveen Asset Management LLC now owns 11,011,671 shares of the pipeline company’s stock worth $135,774,000 after purchasing an additional 1,462,566 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in Kinder Morgan by 2.3% in the third quarter. UBS Asset Management Americas Inc. now owns 8,973,898 shares of the pipeline company’s stock worth $110,648,000 after purchasing an additional 203,515 shares during the period. Finally, Kayne Anderson Capital Advisors LP lifted its holdings in Kinder Morgan by 1.8% in the third quarter. Kayne Anderson Capital Advisors LP now owns 8,171,302 shares of the pipeline company’s stock worth $100,743,000 after purchasing an additional 146,000 shares during the period. 60.02% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan stock traded down $0.06 during midday trading on Tuesday, reaching $15.11. The stock had a trading volume of 520,351 shares, compared to its average volume of 18,008,633. The firm’s fifty day simple moving average is $14.77 and its two-hundred day simple moving average is $13.79. Kinder Morgan, Inc. has a twelve month low of $9.42 and a twelve month high of $22.02. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.61 and a quick ratio of 0.54. The firm has a market cap of $34.22 billion, a price-to-earnings ratio of 303.40, a PEG ratio of 5.61 and a beta of 0.98.

Kinder Morgan (NYSE:KMI) last released its earnings results on Tuesday, January 19th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Kinder Morgan had a net margin of 1.02% and a return on equity of 6.07%. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the firm earned $0.26 EPS. The company’s revenue was down 7.1% compared to the same quarter last year. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 0.87 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Shareholders of record on Monday, February 1st were given a $0.2625 dividend. The ex-dividend date of this dividend was Friday, January 29th. This represents a $1.05 dividend on an annualized basis and a yield of 6.95%. Kinder Morgan’s payout ratio is 110.53%.

Several equities research analysts recently weighed in on the stock. Wolfe Research downgraded shares of Kinder Morgan from a “peer perform” rating to an “underperform” rating and upped their price objective for the stock from $13.00 to $14.00 in a report on Monday, November 23rd. Raymond James downgraded shares of Kinder Morgan from an “outperform” rating to a “market perform” rating in a report on Monday, January 11th. TheStreet raised shares of Kinder Morgan from a “c” rating to a “b-” rating in a report on Wednesday, January 20th. Barclays reissued an “equal weight” rating and issued a $15.00 price target (down from $16.00) on shares of Kinder Morgan in a report on Tuesday, January 12th. Finally, Wells Fargo & Company downgraded shares of Kinder Morgan from an “overweight” rating to an “equal weight” rating and set a $17.00 price target for the company. in a report on Monday, November 30th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. Kinder Morgan currently has an average rating of “Hold” and an average price target of $16.53.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.

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

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