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Louisiana State Employees Retirement System has reduced its stake in Kinder Morgan Inc. (NYSE: KMI) by 3.6% in the second quarter, according to its more The institutional investor held 111,700 shares of the pipeline company after selling 4,200 shares during the period, while badets held by the Louisiana State Employee Pension Plan in Kinder Morgan increased to $ 1,974,000 at the end of the period. period. Xact Kapitalforvaltning AB also increased its stake in Kinder Morgan by 1.4% in the second quarter, while Xact Kapitalforvaltning AB now holds 220,048 shares in the company. Abbot Financial Management Inc. increased its ownership interest by $ 3,888,000 after purchasing an additional 2,940 shares in the last quarter. 8.3% in the first quarter. Abbot Financial Management Inc. now owns 44,454 shares of the $ 669,000 pipeline business after purchasing 3,400 additional shares in the last quarter. Wealths Investment Advisors LLC increased its stake in Kinder Morgan by 6.3% in the first quarter. Wealthstreet Investment Advisors LLC now holds 57,251 shares of the company's pipeline worth $ 862,000 after purchasing 3,414 additional shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Kinder Morgan by 1.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 316,092 shares of the pipeline company worth $ 4,760,000 after purchasing 3,500 additional shares during the last quarter. Lastly, Kovack Advisors Inc. increased its interest in Kinder Morgan by 19.6% in the first quarter. Kovack Advisors Inc. now owns 22,719 shares of the pipeline company worth $ 342,000 after purchasing 3,721 additional shares in the last quarter. Hedge funds and other institutional investors hold 61.45% of the shares of the company.
The title of Kinder Morgan was opened on Friday at $ 17.90. Kinder Morgan Inc. has a low of fifty-two weeks of $ 14.69 and a high of fifty-two weeks of $ 20.56. The stock has a market capitalization of 39.49 billion dollars, a price / earnings ratio of 22.66, a PEG ratio of 2.43 and a beta of 0.65. The company has a debt ratio of 1.03, a ratio of 0.40 and a ratio of 0.49.
Kinder Morgan (NYSE: KMI) released its financial results for the last time on Wednesday, July 18th. The pipeline company reported earnings per share of $ 0.21 for the quarter, up $ 0.02 from Zack's consensus estimate of $ 0.19. The company achieved a turnover of $ 3.43 billion for the quarter, compared with $ 3.42 billion for badysts. Kinder Morgan had a negative net margin of 1.82% and a positive return on equity of 5.07%. The quarterly business figure of the company rose 1.8% from one year to the next. During the same period of the previous year, the company earned $ 0.14 of earnings per share. Research badysts expect Kinder Morgan Inc. to post earnings of 0.87 per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 15. Shareholders of record on Tuesday, July 31 will receive a dividend of $ 0.20. This represents a dividend of $ 0.80 on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend is Monday, July 30th. Kinder Morgan's payout ratio is 121.21%.
KMI has been the subject of several reports by badysts. Deutsche Bank launched a hedge on Kinder Morgan shares in a research note on Thursday, April 19. They set a "buy" rating and a $ 21.00 target price for the company. ValuEngine downgraded Kinder Morgan's shares from a "sell" rating to a "strong sell" rating in a research note on Wednesday, May 2nd. JPMorgan Chase & Co. raised its price target for Kinder Morgan shares from $ 20.00 to $ 21.00 and gave the company an "overweight" rating in a research note released on Friday. Raymond James has upgraded Kinder Morgan's shares from a "market performance" rating to an "outperformance" rating in a research note on Monday, June 18th. Finally, Wells Fargo & Co increased Kinder Morgan's shares to a "buy" note in a research note on Friday, June 29. Two equity research badysts rated the stock with a sales note, four badigned a reserve rating and seventeen gave a buy-to-action rating from the company. Kinder Morgan currently has an average rating of "Buy" and a consensus target price of $ 20.76
Kinder Morgan Profile
Kinder Morgan, Inc. operates as an infrastructure company in North America. It is operated through the Gas Pipelines, CO2, Terminals, Pipeline Products and Kinder Morgan Canada segments. The natural gas pipeline segment owns and operates interstate and intrastate gas and gas pipeline systems; natural gas and crude oil collection systems and natural gas processing and processing facilities; natural gas liquids fractionation plants (NGLs) and transportation systems; Recommended History: Understanding Analyst Notes
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