Bp Plc held its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,000 shares of the pipeline company’s stock at the end of the second quarter. Bp Plc’s holdings in Kinder Morgan were worth $4,505,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Moody Lynn & Lieberson LLC boosted its stake in shares of Kinder Morgan by 0.3% in the first quarter. Moody Lynn & Lieberson LLC now owns 18,529 shares of the pipeline company’s stock worth $403,000 after buying an additional 50 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Kinder Morgan by 0.8% in the first quarter. Guardian Life Insurance Co. of America now owns 7,416 shares of the pipeline company’s stock worth $161,000 after buying an additional 60 shares in the last quarter. Sippican Capital Advisors boosted its stake in shares of Kinder Morgan by 0.7% in the first quarter. Sippican Capital Advisors now owns 11,165 shares of the pipeline company’s stock worth $243,000 after buying an additional 75 shares in the last quarter. San Francisco Sentry Investment Group CA boosted its stake in shares of Kinder Morgan by 0.8% in the first quarter. San Francisco Sentry Investment Group CA now owns 12,186 shares of the pipeline company’s stock worth $265,000 after buying an additional 101 shares in the last quarter. Finally, Chatham Capital Group Inc. boosted its stake in shares of Kinder Morgan by 0.5% in the first quarter. Chatham Capital Group Inc. now owns 39,950 shares of the pipeline company’s stock worth $869,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 57.40% of the company’s stock.

Shares of Kinder Morgan, Inc. (KMI) opened at 18.85 on Wednesday. The firm has a market cap of $42.10 billion, a P/E ratio of 62.21 and a beta of 0.64. The firm’s 50-day moving average price is $19.69 and its 200 day moving average price is $20.45. Kinder Morgan, Inc. has a 12-month low of $18.31 and a 12-month high of $23.36.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 19th. The pipeline company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.01. Kinder Morgan had a net margin of 6.20% and a return on equity of 4.41%. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period in the previous year, the company posted $0.15 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities analysts expect that Kinder Morgan, Inc. will post $0.64 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Thursday, July 27th. Kinder Morgan’s payout ratio is 161.29%.

Kinder Morgan announced that its board has approved a share buyback program 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 programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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Several equities research analysts have commented on KMI shares. Stifel Nicolaus reiterated a “buy” rating and issued a $25.00 price target on shares of Kinder Morgan in a research report on Friday, July 14th. Raymond James Financial, Inc. reiterated a “strong-buy” rating and issued a $23.00 price target (down from $27.00) on shares of Kinder Morgan in a research report on Tuesday, June 20th. TD Securities set a $26.00 price target on shares of Kinder Morgan and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Mizuho started coverage on shares of Kinder Morgan in a research report on Thursday, July 27th. They issued a “neutral” rating and a $22.00 price target on the stock. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $25.00 price target (down from $26.50) on shares of Kinder Morgan in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $23.91.

In related news, insider Richard D. Kinder bought 500,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were purchased at an average price of $18.58 per share, with a total value of $9,290,000.00. Following the completion of the purchase, the insider now owns 234,712,353 shares of the company’s stock, valued at approximately $4,360,955,518.74. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William A. Smith bought 4,903 shares of the business’s stock in a transaction on Monday, July 31st. The stock was bought at an average cost of $20.24 per share, for a total transaction of $99,236.72. Following the purchase, the director now directly owns 14,587 shares of the company’s stock, valued at approximately $295,240.88. The disclosure for this purchase can be found here. Insiders acquired 507,503 shares of company stock worth $9,437,597 in the last three months. Insiders own 13.99% of the company’s stock.

About Kinder Morgan

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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