Duncker Streett & Co. Inc. Has $2.80 Million Position in Kinder Morgan Inc (NYSE:KMI)

Duncker Streett & Co. Inc. lowered its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 134,291 shares of the pipeline company’s stock after selling 3,808 shares during the period. Duncker Streett & Co. Inc.’s holdings in Kinder Morgan were worth $2,804,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KMI. Baugh & Associates LLC lifted its stake 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 purchasing an additional 495 shares during the last quarter. SeaCrest Wealth Management LLC lifted its position in Kinder Morgan by 2.7% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 18,851 shares of the pipeline company’s stock worth $394,000 after acquiring an additional 497 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in Kinder Morgan by 0.5% during the 1st quarter. Cullen Frost Bankers Inc. now owns 114,016 shares of the pipeline company’s stock worth $2,282,000 after acquiring an additional 520 shares during the last quarter. Victory Capital Management Inc. lifted its position in Kinder Morgan by 1.9% during the 1st quarter. Victory Capital Management Inc. now owns 28,517 shares of the pipeline company’s stock worth $571,000 after acquiring an additional 530 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its position in Kinder Morgan by 0.6% during the 1st quarter. Capital Investment Advisors LLC now owns 92,693 shares of the pipeline company’s stock worth $1,855,000 after acquiring an additional 543 shares during the last quarter. 62.53% of the stock is owned by institutional investors.

A number of research analysts have weighed in on the stock. ValuEngine lowered shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Thursday. Raymond James lowered shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 target price for the company. in a research report on Wednesday, June 26th. Stifel Nicolaus lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a research report on Monday, June 17th. Johnson Rice assumed coverage on shares of Kinder Morgan in a research report on Thursday, May 30th. They set a “hold” rating and a $21.00 target price for the company. Finally, BMO Capital Markets lowered shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 target price for the company. in a research report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $21.75.

In other Kinder Morgan news, insider Richard D. Kinder bought 177,542 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average price of $19.43 per share, with a total value of $3,449,641.06. Following the completion of the purchase, the insider now directly owns 240,579,496 shares in the company, valued at approximately $4,674,459,607.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard D. Kinder bought 300,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was acquired at an average cost of $19.68 per share, for a total transaction of $5,904,000.00. Following the purchase, the insider now owns 241,179,496 shares of the company’s stock, valued at $4,746,412,481.28. The disclosure for this purchase can be found here. In the last three months, insiders purchased 977,542 shares of company stock worth $19,106,641. 13.95% of the stock is currently owned by insiders.

NYSE:KMI opened at $20.21 on Friday. The stock’s 50-day moving average is $20.86. Kinder Morgan Inc has a 52-week low of $14.62 and a 52-week high of $21.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.33 and a current ratio of 0.41. The company has a market cap of $47.02 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 4.32 and a beta of 0.86.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Kinder Morgan had a return on equity of 6.23% and a net margin of 16.50%. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the firm posted $0.20 EPS. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, research analysts forecast that Kinder Morgan Inc will post 0.96 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $1.00 dividend on an annualized basis and a yield of 4.95%. Kinder Morgan’s payout ratio is currently 112.36%.

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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