Teachers Retirement System of The State of Kentucky trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,788 shares of the pipeline company’s stock after selling 5,997 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Kinder Morgan were worth $2,606,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC grew its holdings in Kinder Morgan by 1.7% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 32,893 shares of the pipeline company’s stock worth $622,000 after acquiring an additional 547 shares in the last quarter. Spectrum Asset Management Inc. NB CA boosted its holdings in shares of Kinder Morgan by 0.4% in the 1st quarter. Spectrum Asset Management Inc. NB CA now owns 138,559 shares of the pipeline company’s stock valued at $2,620,000 after buying an additional 580 shares during the period. Cohen Investment Advisors LLC boosted its holdings in shares of Kinder Morgan by 0.5% in the 1st quarter. Cohen Investment Advisors LLC now owns 120,838 shares of the pipeline company’s stock valued at $2,285,000 after buying an additional 580 shares during the period. Coldstream Capital Management Inc. boosted its holdings in shares of Kinder Morgan by 4.9% in the 1st quarter. Coldstream Capital Management Inc. now owns 12,594 shares of the pipeline company’s stock valued at $238,000 after buying an additional 586 shares during the period. Finally, FinTrust Capital Advisors LLC boosted its holdings in shares of Kinder Morgan by 19.8% in the 1st quarter. FinTrust Capital Advisors LLC now owns 3,603 shares of the pipeline company’s stock valued at $68,000 after buying an additional 596 shares during the period. 61.12% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. US Capital Advisors reiterated a “hold” rating on shares of Kinder Morgan in a research report on Wednesday, June 1st. The Goldman Sachs Group upgraded shares of Kinder Morgan from a “sell” rating to a “neutral” rating and set a $19.00 target price on the stock in a report on Wednesday, September 7th. Barclays lifted their target price on shares of Kinder Morgan from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 16th. Finally, UBS Group lifted their target price on shares of Kinder Morgan to $25.00 in a research report on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Kinder Morgan presently has an average rating of “Hold” and an average price target of $21.00.
Insider Buying and Selling at Kinder Morgan
Kinder Morgan Stock Performance
Shares of KMI opened at $18.05 on Tuesday. The company’s 50 day moving average price is $18.04 and its 200 day moving average price is $18.32. Kinder Morgan, Inc. has a 52 week low of $15.01 and a 52 week high of $20.20. The company has a market capitalization of $40.67 billion, a PE ratio of 16.68, a PEG ratio of 4.97 and a beta of 0.92. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.42 and a current ratio of 0.52.
Kinder Morgan (NYSE:KMI – Get Rating) last posted its earnings results on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Kinder Morgan had a net margin of 13.76% and a return on equity of 7.82%. The company’s revenue was up 63.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 earnings per share. Research analysts expect that Kinder Morgan, Inc. will post 1.2 EPS for the current fiscal year.
Kinder Morgan Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date was Friday, July 29th. Kinder Morgan’s dividend payout ratio (DPR) is presently 103.74%.
Kinder Morgan Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.
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