WEALTHFRONT Corp Boosts Holdings in Kinder Morgan Inc (KMI)

WEALTHFRONT Corp raised its position in Kinder Morgan Inc (NYSE:KMI) by 27.0% during the 3rd quarter, Holdings Channel reports. The firm owned 43,726 shares of the pipeline company’s stock after acquiring an additional 9,299 shares during the quarter. WEALTHFRONT Corp’s holdings in Kinder Morgan were worth $775,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Cadence Capital Management LLC boosted its stake in shares of Kinder Morgan by 2.5% during the third quarter. Cadence Capital Management LLC now owns 509,272 shares of the pipeline company’s stock valued at $9,029,000 after acquiring an additional 12,214 shares during the last quarter. Paloma Partners Management Co boosted its stake in shares of Kinder Morgan by 14.3% during the second quarter. Paloma Partners Management Co now owns 84,323 shares of the pipeline company’s stock valued at $1,490,000 after acquiring an additional 10,541 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Kinder Morgan during the second quarter valued at $24,035,000. Millennium Management LLC boosted its stake in shares of Kinder Morgan by 81.4% during the second quarter. Millennium Management LLC now owns 3,673,782 shares of the pipeline company’s stock valued at $64,916,000 after acquiring an additional 1,648,737 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its stake in shares of Kinder Morgan by 12.6% during the third quarter. Wesbanco Bank Inc. now owns 36,495 shares of the pipeline company’s stock valued at $647,000 after acquiring an additional 4,077 shares during the last quarter. 61.56% of the stock is currently owned by institutional investors.

In other Kinder Morgan news, insider Richard D. Kinder bought 500,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, September 27th. The shares were purchased at an average cost of $17.55 per share, for a total transaction of $8,775,000.00. Following the completion of the transaction, the insider now owns 235,212,353 shares of the company’s stock, valued at approximately $4,127,976,795.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 14.16% of the company’s stock.

A number of analysts recently commented on KMI shares. Mizuho started coverage on Kinder Morgan in a research note on Wednesday, November 28th. They set a “buy” rating and a $22.00 price objective on the stock. Zacks Investment Research raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, October 24th. Barclays set a $21.00 price objective on Kinder Morgan and gave the company a “buy” rating in a research note on Friday, October 12th. Goldman Sachs Group started coverage on Kinder Morgan in a research note on Monday, October 8th. They set a “conviction-buy” rating and a $24.00 price objective on the stock. Finally, Credit Suisse Group started coverage on Kinder Morgan in a research note on Thursday, October 11th. They set an “outperform” rating and a $23.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $20.94.

NYSE KMI opened at $16.35 on Friday. Kinder Morgan Inc has a twelve month low of $14.69 and a twelve month high of $19.83. The stock has a market cap of $36.31 billion, a P/E ratio of 24.77, a price-to-earnings-growth ratio of 2.22 and a beta of 0.69. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 1.00.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 17th. The pipeline company reported $0.21 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. Kinder Morgan had a return on equity of 5.51% and a net margin of 0.78%. The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the business posted $0.15 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts anticipate that Kinder Morgan Inc will post 0.87 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, October 30th. This represents a $0.80 annualized dividend and a yield of 4.89%. Kinder Morgan’s dividend payout ratio (DPR) is presently 121.21%.

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Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada 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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