Kinder Morgan Inc (KMI) Holdings Decreased by Meag Munich Ergo Kapitalanlagegesellschaft MBH

Meag Munich Ergo Kapitalanlagegesellschaft MBH lessened its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 50.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 106,403 shares of the pipeline company’s stock after selling 108,527 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Kinder Morgan were worth $2,122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc raised its holdings in shares of Kinder Morgan by 1.1% during the third quarter. Vanguard Group Inc now owns 146,125,762 shares of the pipeline company’s stock valued at $2,590,809,000 after purchasing an additional 1,648,894 shares during the period. BlackRock Inc. raised its holdings in shares of Kinder Morgan by 7.4% during the fourth quarter. BlackRock Inc. now owns 136,557,027 shares of the pipeline company’s stock valued at $2,100,249,000 after purchasing an additional 9,360,355 shares during the period. Tortoise Capital Advisors L.L.C. increased its position in shares of Kinder Morgan by 31.7% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 23,778,981 shares of the pipeline company’s stock worth $365,721,000 after acquiring an additional 5,716,899 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Kinder Morgan by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 23,513,119 shares of the pipeline company’s stock worth $360,962,000 after acquiring an additional 1,758,792 shares in the last quarter. Finally, Commonwealth Bank of Australia increased its position in shares of Kinder Morgan by 1.7% during the fourth quarter. Commonwealth Bank of Australia now owns 21,617,578 shares of the pipeline company’s stock worth $332,464,000 after acquiring an additional 364,004 shares in the last quarter. 65.34% of the stock is currently owned by hedge funds and other institutional investors.

Shares of KMI stock remained flat at $$20.34 during trading on Wednesday. 11,633,565 shares of the company were exchanged, compared to its average volume of 15,010,272. The stock has a market cap of $44.69 billion, a PE ratio of 22.85, a P/E/G ratio of 2.94 and a beta of 0.95. The company has a quick ratio of 0.37, a current ratio of 0.45 and a debt-to-equity ratio of 0.97. Kinder Morgan Inc has a 12 month low of $14.62 and a 12 month high of $20.57.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. Kinder Morgan had a net margin of 11.59% and a return on equity of 6.13%. The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same period in the prior year, the company posted $0.22 EPS. Kinder Morgan’s revenue was up .3% compared to the same quarter last year. On average, sell-side analysts anticipate that Kinder Morgan Inc will post 0.98 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 4.92%. Kinder Morgan’s dividend payout ratio is currently 112.36%.

Several research firms have recently commented on KMI. JPMorgan Chase & Co. downgraded shares of Kinder Morgan from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $21.00 to $22.00 in a research report on Friday, March 22nd. Citigroup downgraded shares of Kinder Morgan from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research report on Wednesday, March 27th. Zacks Investment Research downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Jefferies Financial Group downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating and upped their price objective for the stock from $19.00 to $20.00 in a research report on Monday, April 1st. Finally, Goldman Sachs Group downgraded shares of Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 price objective for the company. in a research report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. Kinder Morgan presently has an average rating of “Buy” and an average target price of $21.82.

In related news, insider Richard D. Kinder acquired 300,000 shares of the stock in a transaction dated Monday, May 13th. The shares were purchased at an average price of $19.53 per share, for a total transaction of $5,859,000.00. Following the transaction, the insider now owns 240,879,496 shares in the company, valued at approximately $4,704,376,556.88. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard D. Kinder acquired 200,000 shares of the stock in a transaction dated Monday, March 4th. The shares were bought at an average price of $19.61 per share, for a total transaction of $3,922,000.00. Following the transaction, the insider now owns 238,188,493 shares in the company, valued at approximately $4,670,876,347.73. The disclosure for this purchase can be found here. Insiders acquired a total of 3,453,964 shares of company stock worth $67,449,269 over the last quarter. Corporate insiders own 13.95% of the company’s stock.

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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 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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