Duff & Phelps Investment Management Co. Boosts Stock Holdings in Kinder Morgan, Inc. $KMI

Duff & Phelps Investment Management Co. lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,531,500 shares of the pipeline company’s stock after purchasing an additional 54,936 shares during the quarter. Duff & Phelps Investment Management Co. owned 0.11% of Kinder Morgan worth $71,667,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of KMI. Norges Bank purchased a new stake in shares of Kinder Morgan in the 2nd quarter valued at about $1,162,802,000. Merewether Investment Management LP purchased a new position in shares of Kinder Morgan in the 2nd quarter worth about $138,477,000. 59 North Capital Management LP lifted its stake in shares of Kinder Morgan by 54.5% in the 2nd quarter. 59 North Capital Management LP now owns 10,597,380 shares of the pipeline company’s stock valued at $311,563,000 after acquiring an additional 3,739,398 shares during the last quarter. Marshall Wace LLP boosted its holdings in Kinder Morgan by 364.8% during the 2nd quarter. Marshall Wace LLP now owns 4,165,348 shares of the pipeline company’s stock valued at $122,461,000 after acquiring an additional 3,269,284 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Kinder Morgan by 1.5% during the second quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock valued at $6,092,253,000 after purchasing an additional 3,070,609 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director William A. Smith bought 3,000 shares of Kinder Morgan stock in a transaction on Monday, February 2nd. The stock was acquired at an average cost of $29.75 per share, with a total value of $89,250.00. Following the completion of the acquisition, the director owned 31,087 shares in the company, valued at approximately $924,838.25. This represents a 10.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $33.67, for a total value of $207,609.22. Following the completion of the sale, the vice president owned 188,872 shares of the company’s stock, valued at $6,359,320.24. This trade represents a 3.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 46,498 shares of company stock valued at $1,418,248. 12.73% of the stock is owned by company insiders.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $33.07 on Thursday. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $34.24. The business has a 50-day simple moving average of $30.50 and a two-hundred day simple moving average of $28.28. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64. The firm has a market cap of $73.57 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 3.04 and a beta of 0.68.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter last year, the firm posted $0.30 EPS. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, February 2nd. Kinder Morgan’s dividend payout ratio (DPR) is presently 85.40%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KMI. UBS Group restated a “buy” rating and issued a $38.00 price objective on shares of Kinder Morgan in a research report on Friday, December 12th. Mizuho raised their price objective on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Jefferies Financial Group lifted their price objective on Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Barclays reissued an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. Finally, TD Cowen raised their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.08.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.