Kinder Morgan Inc (KMI) Shares Bought by Karpas Strategies LLC

Karpas Strategies LLC increased its position in shares of Kinder Morgan Inc (NYSE:KMI) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,079 shares of the pipeline company’s stock after purchasing an additional 3,600 shares during the quarter. Kinder Morgan accounts for approximately 1.2% of Karpas Strategies LLC’s investment portfolio, making the stock its 26th largest position. Karpas Strategies LLC’s holdings in Kinder Morgan were worth $2,783,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KMI. Norges Bank bought a new position in Kinder Morgan in the 4th quarter valued at approximately $299,180,000. BlackRock Inc. increased its position in Kinder Morgan by 7.4% during the 4th 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. Millennium Management LLC increased its position in Kinder Morgan by 1,169.3% during the 4th quarter. Millennium Management LLC now owns 9,022,925 shares of the pipeline company’s stock valued at $138,773,000 after purchasing an additional 8,312,075 shares during the period. Oregon Public Employees Retirement Fund increased its position in Kinder Morgan by 1,497.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,112,727 shares of the pipeline company’s stock valued at $462,000 after purchasing an additional 6,667,564 shares during the period. Finally, Tortoise Capital Advisors L.L.C. increased its position in Kinder Morgan by 31.7% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 23,778,981 shares of the pipeline company’s stock valued at $365,721,000 after purchasing an additional 5,716,899 shares during the period. 65.15% of the stock is owned by institutional investors and hedge funds.

In other news, insider Richard D. Kinder purchased 400,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average cost of $19.53 per share, with a total value of $7,812,000.00. Following the completion of the purchase, the insider now directly owns 240,201,954 shares in the company, valued at $4,691,144,161.62. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard D. Kinder purchased 200,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, February 12th. The stock was purchased at an average cost of $18.39 per share, for a total transaction of $3,678,000.00. Following the completion of the purchase, the chairman now owns 236,492,545 shares of the company’s stock, valued at $4,349,097,902.55. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 3,395,534 shares of company stock valued at $65,963,742. 13.95% of the stock is owned by corporate insiders.

KMI has been the subject of several recent analyst reports. 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. Raymond James downgraded shares of Kinder Morgan from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, April 16th. They noted that the move was a valuation call. Evercore ISI began coverage on shares of Kinder Morgan in a research report on Tuesday, February 5th. They issued an “outperform” rating for the company. Jefferies Financial Group downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating and lifted their price target for the company from $19.00 to $20.00 in a research report on Monday, April 1st. Finally, Zacks Investment Research cut Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. 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 stock. The stock currently has an average rating of “Buy” and a consensus price target of $21.82.

NYSE:KMI traded down $0.03 during mid-day trading on Friday, reaching $19.70. The stock had a trading volume of 22,433,496 shares, compared to its average volume of 13,026,114. The company has a market capitalization of $43.46 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.87 and a beta of 0.95. Kinder Morgan Inc has a one year low of $14.62 and a one year high of $20.44. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.45 and a quick ratio of 0.37.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. Kinder Morgan had a return on equity of 6.13% and a net margin of 11.59%. The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. The business’s revenue was up .3% on a year-over-year basis. As a group, sell-side analysts anticipate that Kinder Morgan Inc will post 0.98 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.20. Kinder Morgan’s dividend payout ratio is currently 112.36%.

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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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