The stock declined 0.52% or $0.09 reaching $17.37 on the news.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. The value of the investment in KMI went from $39,519,000 to $33,266,000 decreasing 15.8% since the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Kinder Morgan by 5.2% in the 1st quarter. Principal Financial Group Inc. now owns 3,870,212 shares of the pipeline company's stock valued at $84,139,000 after buying an additional 86,757 shares during the period. Finally, Shell Asset Management Co. boosted its stake in Kinder Morgan by 37.8% in the second quarter. North Star Asset Management Inc. now owns 10,029 shares of the pipeline company's stock worth $192,000 after acquiring an additional 61 shares during the last quarter. The Pennsylvania-based Tfs Capital Llc has invested 0.25% in the stock.
Kinder Morgan, Inc is an energy infrastructure company. Integral Derivatives Limited Liability Corp holds 0.01% in Kinder Morgan Inc (NYSE:KMI) or 26,733 shares. Cap Impact Advsr Ltd Liability Corp invested in 45,800 shares or 0.4% of the stock. The company's distance from 52-week high price is -16.49% and while current price is 113.51% from 52-week low price. The firm has fifty days moving average percentage of -6.20% to its latest price change. The company has market cap of $850.95 million. Kinder Morgan, Inc. (NYSE:KMI) has a 20-Day average volume of 13.12 Million. They expect $2.49 earnings per share, up 14.22% or $0.31 from last year's $2.18 per share. The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be considered positive, and a score of 100 would be seen as negative. During the same quarter in the prior year, the business earned ($0.10) earnings per share. (NYSE:KMI) has an average volume of 10.23 Million. This cash is what a company uses to meet its financial obligations, such as making payments on debt or to pay out dividends. Shareholders of record on Tuesday, October 31st will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.86%. On Monday, October 16 the stock rating was maintained by Piper Jaffray with "Buy". Alliancebernstein LP reported 0.05% of its portfolio in Kinder Morgan Inc (NYSE:KMI). A bullish investor could look at KMI's 28.4 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Stifel Nicolaus lowered the price target of the stock on October 24 cutting the projection from $25.00 to $22.00 with a "Buy" recommendation. October 20 investment analysts at Mizuho held the company rating at "Hold" with a current price target of $22.00. Wright Invsts Ser invested in 12,670 shares or 0.09% of the stock. Citigroup Inc. cut their target price on Kinder Morgan from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 17th.
Pittenger & Anderson Inc decreased Kinder Morgan Inc Del (KMI) stake by 98.28% reported in 2017Q2 SEC filing. Out of 5 Wall Street analysts rating LyondellBasell, 1 give it "Buy", 0 "Sell" rating, while 4 recommend "Hold". You can do this by looking for the average analyst rating on the company's stock.
In other news, Director Fayez Sarofim acquired 700,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, October 24th. About 6.17 million shares traded. This repurchase authorization allows the pipeline company to reacquire up to 4.6% of its shares through open market purchases. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
COPYRIGHT VIOLATION WARNING: "Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Kinder Morgan (NYSE:KMI) Stock Price" was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. 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. The Company's Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.
The MF Rank developed by hedge fund manager Joel Greenblatt, is intended spot high quality companies that are trading at an attractive price.