Starr International Co. Inc. continued to hold its stake in Kinder Morgan, Inc. (NYSE:KMI) during the second quarter, Holdings Channel reports. The institutional investor owned 198,576 shares of the pipeline company’s stock at the end of the second quarter. Kinder Morgan comprises approximately 0.3% of Starr International Co. Inc.’s investment portfolio, making the stock its 13th largest position. Starr International Co. Inc.’s holdings in Kinder Morgan were worth $3,805,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of KMI. First Bank & Trust boosted its stake in Kinder Morgan by 9.4% in the first quarter. First Bank & Trust now owns 4,739 shares of the pipeline company’s stock worth $103,000 after buying an additional 408 shares during the last quarter. Trust Co. of Vermont boosted its stake in Kinder Morgan by 10.3% in the second quarter. Trust Co. of Vermont now owns 7,197 shares of the pipeline company’s stock worth $138,000 after buying an additional 675 shares during the last quarter. CWM LLC boosted its stake in Kinder Morgan by 770.5% in the second quarter. CWM LLC now owns 8,052 shares of the pipeline company’s stock worth $154,000 after buying an additional 7,127 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in 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 during the last quarter. Finally, Salem Investment Counselors Inc. boosted its stake in Kinder Morgan by 20.6% in the first quarter. Salem Investment Counselors Inc. now owns 7,959 shares of the pipeline company’s stock worth $171,000 after buying an additional 1,359 shares during the last quarter. Institutional investors own 57.70% of the company’s stock.

Kinder Morgan, Inc. (NYSE KMI) opened at 19.07 on Friday. 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. The company’s 50-day moving average price is $19.68 and its 200-day moving average price is $20.53.

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 consensus estimate of $0.15 by $0.01. Kinder Morgan had a return on equity of 4.41% and a net margin of 6.20%. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter last year, the company earned $0.15 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. Equities analysts expect that Kinder Morgan, Inc. will post $0.64 EPS for the current fiscal year.

Kinder Morgan announced that its Board of Directors has initiated a stock repurchase program on Wednesday, July 19th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the pipeline company to purchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.50 annualized dividend and a dividend yield of 2.62%. Kinder Morgan’s dividend payout ratio (DPR) is currently 161.29%.

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A number of equities research analysts have issued reports on KMI shares. BMO Capital Markets set a $26.00 target price on Kinder Morgan and gave the company a “buy” rating in a research note on Tuesday, June 20th. TD Securities set a $26.00 target price on Kinder Morgan and gave the company a “buy” rating in a research note on Tuesday, June 20th. Raymond James Financial, Inc. reiterated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, May 31st. Vetr cut Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $22.49 target price on the stock. in a research note on Monday, April 24th. Finally, Credit Suisse Group set a $27.00 target price on Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Kinder Morgan presently has a consensus rating of “Buy” and a consensus target price of $23.91.

In other Kinder Morgan news, insider Richard D. Kinder purchased 500,000 shares of the stock in a transaction on Tuesday, May 30th. The stock was bought at an average cost of $18.58 per share, for a total transaction of $9,290,000.00. Following the completion of the acquisition, the insider now directly owns 234,712,353 shares of the company’s stock, valued at $4,360,955,518.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Dax Sanders purchased 2,600 shares of the stock in a transaction on Tuesday, May 30th. The stock was acquired at an average price of $18.60 per share, with a total value of $48,360.00. The disclosure for this purchase can be found here. Insiders acquired 507,503 shares of company stock valued at $9,437,597 over the last 90 days. 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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