uploads/2019/02/kmi-top-investors-1.jpg

Kinder Morgan: Changes in Institutional Ownership

By

Updated

Top investors

Richard Kinder owns ~246.5 million Kinder Morgan (KMI) shares, which represent ~10.9% of the company’s outstanding shares. According to a filing dated February 15, he recently purchased 0.6 million Kinder Morgan shares. The Vanguard Group, State Street Global Advisors, and BlackRock Institutional Trust own 6.7%, 4.2%, and 4.1%, respectively, of Kinder Morgan’s outstanding shares. According to the latest filings, the Vanguard Group added 6.1 million Kinder Morgan shares. BlackRock Institutional Trust added 5.8 million shares to its position.

Tortoise Capital Advisors added 5.7 million Kinder Morgan shares to its position in the fourth quarter.

The above table shows the top ten investors in Kinder Morgan stock. Together, the top ten investors own 34.8% of Kinder Morgan’s outstanding shares. According to the latest filings, the top ten investors collectively added 21.1 million Kinder Morgan shares to their positions.

Article continues below advertisement

Recent transactions

Renaissance Technologies purchased 9.2 million Kinder Morgan shares. Millennium Management bought 8.3 million Kinder Morgan shares.

Recently, Deutsche Asset & Wealth Management sold 10.3 million Kinder Morgan shares. Capital World Investors and ClearBridge sold 5.9 million and 5.1 million Kinder Morgan shares, respectively.

Kinder Morgan has 2.3 billion outstanding shares—86.5% are free-floating shares.

Next, we’ll discuss analysts’ recommendations for Kinder Morgan stock.

Advertisement

More From Market Realist