Vestmark Advisory Solutions Inc. lifted its position in Kinder Morgan Inc (NYSE:KMI) by 44.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,553 shares of the pipeline company’s stock after acquiring an additional 31,088 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Kinder Morgan were worth $2,093,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in KMI. Charles Schwab Investment Advisory Inc. increased its stake in Kinder Morgan by 85.4% in the 2nd quarter. Charles Schwab Investment Advisory Inc. now owns 12,328,127 shares of the pipeline company’s stock worth $257,411,000 after buying an additional 5,679,805 shares during the period. Assenagon Asset Management S.A. increased its stake in Kinder Morgan by 4,335.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 5,313,554 shares of the pipeline company’s stock worth $109,512,000 after buying an additional 5,193,754 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in Kinder Morgan in the 2nd quarter worth about $58,636,000. Invesco Ltd. increased its stake in Kinder Morgan by 30.7% in the 2nd quarter. Invesco Ltd. now owns 10,734,485 shares of the pipeline company’s stock worth $224,135,000 after buying an additional 2,521,149 shares during the period. Finally, Macquarie Group Ltd. increased its stake in Kinder Morgan by 254.6% in the 2nd quarter. Macquarie Group Ltd. now owns 3,396,171 shares of the pipeline company’s stock worth $70,913,000 after buying an additional 2,438,336 shares during the period. Hedge funds and other institutional investors own 61.98% of the company’s stock.
NYSE KMI traded down $0.09 during trading on Monday, reaching $19.94. 9,688,887 shares of the company’s stock traded hands, compared to its average volume of 13,661,037. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.35 and a quick ratio of 0.29. The firm has a market cap of $46.48 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 4.29 and a beta of 0.80. The company’s 50 day simple moving average is $20.33 and its two-hundred day simple moving average is $20.39. Kinder Morgan Inc has a 12-month low of $14.62 and a 12-month high of $21.50.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Kinder Morgan had a net margin of 15.21% and a return on equity of 6.25%. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period last year, the business posted $0.21 EPS. Research analysts expect that Kinder Morgan Inc will post 0.96 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Wednesday, October 30th. Kinder Morgan’s dividend payout ratio (DPR) is 112.36%.
In other Kinder Morgan news, Chairman Richard D. Kinder bought 300,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were acquired at an average price of $20.17 per share, with a total value of $6,051,000.00. Following the transaction, the chairman now owns 242,179,496 shares of the company’s stock, valued at approximately $4,884,760,434.32. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas A. Martin sold 20,733 shares of Kinder Morgan stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $20.65, for a total transaction of $428,136.45. Following the completion of the transaction, the vice president now directly owns 908,974 shares in the company, valued at approximately $18,770,313.10. The disclosure for this sale can be found here. Insiders have acquired a total of 1,305,000 shares of company stock worth $26,061,550 in the last three months. Insiders own 13.95% of the company’s stock.
KMI has been the topic of several recent analyst reports. ValuEngine downgraded shares of Kinder Morgan from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Goldman Sachs Group downgraded shares of Kinder Morgan from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research note on Thursday, October 24th. SunTrust Banks reduced their price target on shares of Kinder Morgan from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Wolfe Research raised shares of Kinder Morgan from an “underperform” rating to a “peer perform” rating in a research note on Thursday, August 22nd. Finally, Scotia Howard Weill initiated coverage on shares of Kinder Morgan in a research note on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $21.98.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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