Discovering Momentum Stocks: Kinder Morgan, Inc. (KMI), KBR, Inc. (KBR)

Lloyd Doyle
November 15, 2017

(NYSE:KMI) by 62.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission.

Examining Institutional Ownership at Kinder Morgan, Inc.

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 138.86 million shares, BLACKROCK INC. with 113.64 million shares, STATE STREET CORP with 98.15 million shares, WELLINGTON MANAGEMENT GROUP LLP with 69.51 million shares, and FRANKLIN RESOURCES INC with 40.52 million shares. Finally, Merriman Wealth Management LLC boosted its stake in shares of Kinder Morgan by 0.4% during the 2nd quarter. Quadrant Capital Group LLC increased its position in Kinder Morgan by 3.4% in the third quarter. Calamos Advisors LLC now owns 235,322 shares of the pipeline company's stock worth $4,513,000 after acquiring an additional 8,725 shares during the last quarter.

Kinder Morgan Canada President Ian Anderson said in an affidavit to the NEB on Tuesday that the new date to ship oil on the expansion would be September 2020, reiterating a previous position that the project would be delayed for nine months absent any mitigating measures.

Dimensional Fund Advisors Lp bought 2,048,560 shares in quarter ending 09/30/2017 increasing its holdings in Kinder Morgan by 17.2%. Alliancebernstein L.P. controls 3,428,662 shares valued at $65,762,000. Finally, Stelac Advisory Services LLC increased its position in Kinder Morgan by 45.4% in the second quarter.

Kinder Morgan, Inc. has a 52-week low of $11.20 and a 52-week high of $23.36.

Shares of Kinder Morgan (NYSE KMI) opened at $17.43 on Wednesday. Aperio Group LLC now owns 768,562 shares of the pipeline company's stock worth $14,741,000 after acquiring an additional 96,111 shares during the period. The company's market cap is $50.09 billion. Kinder Morgan, Inc. The firm has a 50-day moving average price of $21.39 and a 200 day moving average price of $21.24.

A tailings pond near the Syncrude tar sands operations near Fort McMurray
A tailings pond near the Syncrude tar sands operations near Fort McMurray

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 18th. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.21 billion. Supplemental Annuity Collective Trust of NJ now owns 36,000 shares of the pipeline company's stock worth $690,000 after purchasing an additional 6,000 shares during the last quarter. During the same period in the prior year, the company earned ($0.29) earnings per share.

Kinder Morgan, Inc. (NYSE:KMI) touched its 1-Year High price of $23.01 on 02/03/17 and its 1-Year Low price of $17.27 on 11/14/17.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Tuesday, October 31st will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.87%. Kinder Morgan's dividend payout ratio is presently -416.67%.

KMI has been the topic of several research analyst reports. They noted that the move was a valuation call. Stifel Nicolaus set a $25.00 target price on Kinder Morgan and gave the stock a "buy" rating in a research report on Thursday, August 17th. On October 12, 2017 BMO Capital Markets released guidance on KMI and giving a rating of "Buy" and price target of $26.00. The correct version of this piece can be viewed at

The National Energy Board declined to comment beyond saying it is looking into Kinder Morgan's request. October 20 investment analysts at Mizuho kept the company rating at "Hold" targeting a price of $22.00.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend.

In other news, Director Fayez Sarofim acquired 700,000 shares of the business's stock in a transaction that occurred on Monday, October 24th. 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. Active and passive investors always require every bit of information available regarding his chosen security and this include keeping close watch on fundamental and technical data. According to today's trading volume Kinder Morgan, ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. 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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