Advanced Portfolio Management LLC Invests $2.63 Million in Kinder Morgan, Inc. (NYSE:KMI)

Advanced Portfolio Management LLC bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 150,000 shares of the pipeline company’s stock, valued at approximately $2,626,000. Kinder Morgan accounts for 2.6% of Advanced Portfolio Management LLC’s investment portfolio, making the stock its 17th biggest position.

A number of other institutional investors have also modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its holdings in Kinder Morgan by 102,208.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock worth $742,555,000 after acquiring an additional 41,030,376 shares during the period. Geode Capital Management LLC boosted its holdings in Kinder Morgan by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 39,578,158 shares of the pipeline company’s stock worth $716,198,000 after acquiring an additional 750,210 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Kinder Morgan by 1,352.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock worth $665,401,000 after acquiring an additional 34,269,435 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Kinder Morgan by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 29,548,563 shares of the pipeline company’s stock worth $496,984,000 after acquiring an additional 217,889 shares during the period. Finally, Orbis Allan Gray Ltd boosted its holdings in Kinder Morgan by 1.6% in the 1st quarter. Orbis Allan Gray Ltd now owns 26,311,549 shares of the pipeline company’s stock worth $460,715,000 after acquiring an additional 424,620 shares during the period. Hedge funds and other institutional investors own 62.33% of the company’s stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP Sital K. Mody sold 55,849 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $17.36, for a total value of $969,538.64. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Kinder Morgan news, VP Sital K. Mody sold 55,849 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $17.36, for a total value of $969,538.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP John W. Schlosser sold 7,500 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $18.00, for a total value of $135,000.00. Following the completion of the transaction, the vice president now directly owns 12,219 shares of the company’s stock, valued at approximately $219,942. The disclosure for this sale can be found here. Corporate insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 price target on shares of Kinder Morgan in a report on Thursday, July 20th. Barclays cut their target price on Kinder Morgan from $20.00 to $19.00 in a research report on Tuesday, July 18th. StockNews.com assumed coverage on Kinder Morgan in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Stifel Nicolaus upped their target price on Kinder Morgan from $21.00 to $22.00 and gave the company a “hold” rating in a research report on Tuesday, August 1st. Finally, Wolfe Research raised Kinder Morgan from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.22.

Kinder Morgan Stock Performance

KMI stock opened at $17.14 on Wednesday. The company has a current ratio of 0.49, a quick ratio of 0.38 and a debt-to-equity ratio of 0.90. The firm has a market cap of $38.18 billion, a P/E ratio of 15.44, a P/E/G ratio of 5.02 and a beta of 0.96. Kinder Morgan, Inc. has a 12-month low of $16.00 and a 12-month high of $19.35. The stock’s 50 day simple moving average is $17.35 and its 200 day simple moving average is $17.12.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 19th. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $4.55 billion. Kinder Morgan had a return on equity of 7.79% and a net margin of 14.65%. The business’s revenue was down 32.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.1 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were given a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a dividend yield of 6.59%. The ex-dividend date of this dividend was Friday, July 28th. Kinder Morgan’s dividend payout ratio is currently 101.80%.

About Kinder Morgan

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 gasification, liquefaction, and storage facilities.