(NYSE:KMI) by 57.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. Kinder Morgan accounts for 3.6% of Mitchell Group Inc.'s portfolio, making the stock its 14th largest position. Norges Bank acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $365,669,000.
A number of other hedge funds also recently modified their holdings of KMI. Commonwealth Bank of Australia raised its position in shares of Kinder Morgan by 45.9% during the second quarter. Private Harbour Investment Management & Counsel LLC now owns 15,050 shares of the pipeline company's stock valued at $288,000 after buying an additional 50 shares in the last quarter.
In recent action, Kinder Morgan, Inc. Dimensional Fund Advisors LP now owns 11,901,548 shares of the pipeline company's stock valued at $228,029,000 after acquiring an additional 2,217,905 shares during the period. Highfields Capital Management LP acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $98,373,000. Brookfield Asset Management Inc. now owns 10,843,859 shares of the pipeline company's stock valued at $207,769,000 after buying an additional 447,389 shares in the last quarter. Finally, Fernwood Investment Management LLC lifted its stake in shares of Kinder Morgan by 1.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,683,478 shares of the pipeline company's stock valued at $185,495,000 after acquiring an additional 2,182,985 shares during the period. Institutional investors own 60.87% of the company's stock.
Several research firms have commented on KMI. Kinder Morgan, Inc. (NYSE:KMI) has risen 13.09% since November 30, 2016 and is uptrending. RBC Capital Markets maintained the shares of KMI in report on Thursday, July 20 with "Hold" rating. BMO Capital Markets set a $26.00 price target on shares of Kinder Morgan and gave the company a "buy" rating in a report on Thursday, October 12th. Morgan Stanley reiterated an "overweight" rating on shares of Kinder Morgan in a research note on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company.
Kinder Morgan, Inc. has a 52-week low of $16.68 and a 52-week high of $23.01. The stock increased 1.52% or $0.25 during the last trading session, reaching $17.01. 21,742,301 shares of the company were exchanged, compared to its average volume of 11,401,843. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.96. The stock has a market cap of $43.54 billion, a price-to-earnings ratio of 64.586 and a beta of 0.73.
About 150 protesters tuned out to demonstrate in front of a waterfront hotel hosting the Vancouver energy forum Thursday
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 19th. After $0.31 actual EPS reported by Comtech Telecommunications Corp. for the previous quarter, Wall Street now forecasts -190.32% negative EPS growth. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.21 billion. Kinder Morgan had a net margin of 5.12% and a return on equity of 4.20%. During the same quarter in the prior year, the business posted ($0.10) earnings per share. research analysts expect that Kinder Morgan will post 0.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Tuesday, October 31st were issued a dividend of $0.125 per share. The stock of The Southern Company (NYSE:SO) has "Neutral" rating given on Monday, October 19 by SunTrust. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.92%. Kinder Morgan's short interest ratio is ~4.2x-calculated as short interest divided by the average trading volume.
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Kinder Morgan, Inc is an energy infrastructure company.
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Since it is time and price based it is not adept at measuring the actual strength of a trend, merely its direction and duration. The Average Directional Index or ADX is technical analysis indicator used to discern if a market is trending or not trending.
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