Kayne Anderson Capital Advisors LP Acquires 650,900 Shares of Kinder Morgan Inc (NYSE:KMI)

Kayne Anderson Capital Advisors LP raised its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,811,524 shares of the pipeline company’s stock after acquiring an additional 650,900 shares during the period. Kinder Morgan makes up 3.3% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 11th largest position. Kayne Anderson Capital Advisors LP owned 0.43% of Kinder Morgan worth $202,204,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Baugh & Associates LLC increased its position in shares of Kinder Morgan by 0.3% in the 2nd quarter. Baugh & Associates LLC now owns 189,197 shares of the pipeline company’s stock valued at $3,950,000 after buying an additional 495 shares in the last quarter. SeaCrest Wealth Management LLC increased its position in shares of Kinder Morgan by 2.7% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 18,851 shares of the pipeline company’s stock valued at $394,000 after buying an additional 497 shares in the last quarter. Osborn Williams & Donohoe LLC increased its position in shares of Kinder Morgan by 1.2% in the 2nd quarter. Osborn Williams & Donohoe LLC now owns 41,993 shares of the pipeline company’s stock valued at $877,000 after buying an additional 500 shares in the last quarter. Citizens Financial Group Inc RI increased its position in shares of Kinder Morgan by 35.4% in the 3rd quarter. Citizens Financial Group Inc RI now owns 1,923 shares of the pipeline company’s stock valued at $39,000 after buying an additional 503 shares in the last quarter. Finally, Lantz Financial LLC increased its position in shares of Kinder Morgan by 0.6% in the 3rd quarter. Lantz Financial LLC now owns 78,779 shares of the pipeline company’s stock valued at $1,589,000 after buying an additional 504 shares in the last quarter. Institutional investors own 61.98% of the company’s stock.

Shares of Kinder Morgan stock traded down $0.01 during trading hours on Friday, reaching $20.03. 11,920,093 shares of the company’s stock were exchanged, compared to its average volume of 13,679,343. The company has a 50 day moving average of $20.36 and a two-hundred day moving average of $20.39. Kinder Morgan Inc has a fifty-two week low of $14.62 and a fifty-two week high of $21.50. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.93. The stock has a market cap of $46.48 billion, a P/E ratio of 22.51, a P/E/G ratio of 4.29 and a beta of 0.80.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.02). Kinder Morgan had a return on equity of 6.25% and a net margin of 15.21%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the prior year, the company earned $0.21 earnings per share. The company’s quarterly revenue was down 8.6% on a year-over-year basis. As a group, analysts expect that Kinder Morgan Inc will post 0.96 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.00 annualized dividend and a yield of 4.99%. Kinder Morgan’s dividend payout ratio (DPR) is currently 112.36%.

KMI has been the subject of a number of recent analyst reports. ValuEngine cut shares of Kinder Morgan from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Wolfe Research upgraded shares of Kinder Morgan from an “underperform” rating to a “peer perform” rating in a research report on Thursday, August 22nd. Goldman Sachs Group cut Kinder Morgan from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a report on Thursday, October 24th. BMO Capital Markets cut Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 target price for the company. in a report on Monday, July 29th. Finally, Scotia Howard Weill initiated coverage on Kinder Morgan in a report on Tuesday, September 3rd. They set a “sector perform” rating and a $23.00 target price for the company. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.98.

In other news, Director Deborah Macdonald bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average cost of $19.91 per share, for a total transaction of $99,550.00. Following the purchase, the director now owns 30,328 shares of the company’s stock, valued at approximately $603,830.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard D. Kinder bought 400,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average price of $19.95 per share, with a total value of $7,980,000.00. Following the completion of the purchase, the insider now directly owns 241,579,496 shares in the company, valued at approximately $4,819,510,945.20. The disclosure for this purchase can be found here. Insiders purchased a total of 1,305,000 shares of company stock valued at $26,061,550 over the last quarter. 13.95% of the stock is currently owned by company insiders.

About Kinder Morgan

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 storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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

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