Sentry Investment Management LLC raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,821 shares of the pipeline company’s stock after acquiring an additional 1,532 shares during the period. Sentry Investment Management LLC’s holdings in Kinder Morgan were worth $2,928,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Kinder Morgan by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 138,904,165 shares of the pipeline company’s stock valued at $3,019,777,000 after purchasing an additional 6,222,962 shares during the last quarter. Commonwealth Bank of Australia increased its position in shares of Kinder Morgan by 45.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 19,733,993 shares of the pipeline company’s stock valued at $378,101,000 after purchasing an additional 6,205,165 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Kinder Morgan by 133.5% during the 2nd quarter. Renaissance Technologies LLC now owns 8,210,372 shares of the pipeline company’s stock valued at $157,311,000 after purchasing an additional 4,694,441 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Kinder Morgan by 56.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,683,643 shares of the pipeline company’s stock valued at $210,507,000 after purchasing an additional 3,483,039 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Kinder Morgan by 49.5% during the 1st quarter. TIAA CREF Investment Management LLC now owns 10,086,045 shares of the pipeline company’s stock valued at $219,271,000 after purchasing an additional 3,340,309 shares during the last quarter. 59.08% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Kinder Morgan, Inc. (NYSE:KMI) traded up 0.32% during midday trading on Monday, hitting $18.82. The stock had a trading volume of 2,414,734 shares. Kinder Morgan, Inc. has a 52-week low of $18.23 and a 52-week high of $23.01. The company’s 50 day moving average is $19.22 and its 200 day moving average is $19.66. The company has a market cap of $42.03 billion, a PE ratio of 62.11 and a beta of 0.65.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 19th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Kinder Morgan had a net margin of 6.20% and a return on equity of 4.41%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $0.15 earnings per share. On average, analysts anticipate that Kinder Morgan, Inc. will post $0.64 earnings per share for the current year.

Kinder Morgan declared that its board has approved a share repurchase plan on Wednesday, July 19th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the pipeline company to reacquire up to 4.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Several brokerages have recently commented on KMI. Raymond James Financial, Inc. reiterated a “buy” rating on shares of Kinder Morgan in a research report on Saturday, July 22nd. BMO Capital Markets reiterated a “buy” rating and set a $26.00 price objective on shares of Kinder Morgan in a research report on Friday, July 28th. Zacks Investment Research upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Mizuho began coverage on Kinder Morgan in a research report on Thursday, July 27th. They set a “neutral” rating and a $22.00 price objective on the stock. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $20.00 price objective on shares of Kinder Morgan in a research report on Thursday, July 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $23.84.

In other Kinder Morgan news, Director William A. Smith bought 4,903 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were purchased at an average price of $20.24 per share, with a total value of $99,236.72. Following the completion of the purchase, the director now owns 14,587 shares in the company, valued at approximately $295,240.88. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.99% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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