State of New Jersey Common Pension Fund D boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,400,000 shares of the pipeline company’s stock after buying an additional 100,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Kinder Morgan were worth $84,304,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in KMI. Narwhal Capital Management raised its stake in Kinder Morgan by 44.7% in the first quarter. Narwhal Capital Management now owns 62,110 shares of the pipeline company’s stock worth $1,350,000 after buying an additional 19,180 shares during the last quarter. Karpas Strategies LLC raised its stake in Kinder Morgan by 0.5% in the first quarter. Karpas Strategies LLC now owns 100,715 shares of the pipeline company’s stock worth $2,190,000 after buying an additional 550 shares during the last quarter. Everett Harris & Co. CA raised its stake in Kinder Morgan by 12.9% in the first quarter. Everett Harris & Co. CA now owns 127,345 shares of the pipeline company’s stock worth $2,768,000 after buying an additional 14,502 shares during the last quarter. NBW Capital LLC raised its stake in Kinder Morgan by 3.2% in the first quarter. NBW Capital LLC now owns 424,079 shares of the pipeline company’s stock worth $9,219,000 after buying an additional 13,284 shares during the last quarter. Finally, Swiss National Bank raised its stake in Kinder Morgan by 27.2% in the first quarter. Swiss National Bank now owns 6,723,469 shares of the pipeline company’s stock worth $146,168,000 after buying an additional 1,438,600 shares during the last quarter. 57.70% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan, Inc. (NYSE:KMI) opened at 19.07 on Friday. The stock has a 50 day moving average of $19.68 and a 200 day moving average of $20.53. Kinder Morgan, Inc. has a 12-month low of $18.31 and a 12-month high of $23.36. The firm has a market capitalization of $42.59 billion, a price-to-earnings ratio of 62.94 and a beta of 0.64.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 19th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.12 billion. Kinder Morgan had a net margin of 6.20% and a return on equity of 4.41%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.15 EPS. Equities research analysts anticipate that Kinder Morgan, Inc. will post $0.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.62%. The ex-dividend date is Thursday, July 27th. Kinder Morgan’s dividend payout ratio (DPR) is presently 161.29%.

Kinder Morgan announced that its Board of Directors has initiated a stock buyback plan on Wednesday, July 19th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the pipeline company to reacquire up to 4.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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A number of equities research analysts recently weighed in on KMI shares. Wolfe Research lowered shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $26.00 to $21.00 in a report on Tuesday, May 30th. Credit Suisse Group set a $27.00 price objective on shares of Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, April 20th. Zacks Investment Research lowered shares of Kinder Morgan from a “hold” rating to a “sell” rating in a report on Wednesday, May 31st. Morgan Stanley reissued an “overweight” rating and set a $25.00 price objective on shares of Kinder Morgan in a report on Monday, July 3rd. Finally, BMO Capital Markets set a $26.00 price objective on shares of Kinder Morgan and gave the stock a “buy” rating in a report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $23.91.

In other Kinder Morgan news, VP Dax Sanders purchased 2,600 shares of the stock in a transaction on Tuesday, May 30th. The shares were purchased at an average price of $18.60 per share, with a total value of $48,360.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Richard D. Kinder purchased 500,000 shares of the stock in a transaction on Tuesday, May 30th. The stock was acquired at an average cost of $18.58 per share, for a total transaction of $9,290,000.00. Following the acquisition, the insider now directly owns 234,712,353 shares in the company, valued at $4,360,955,518.74. The disclosure for this purchase can be found here. Insiders acquired a total of 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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