Ferguson Wellman Capital Management Inc. Cuts Stake in Kinder Morgan, Inc. (NYSE:KMI)

Ferguson Wellman Capital Management Inc. cut its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 522,292 shares of the pipeline company’s stock after selling 9,711 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Kinder Morgan were worth $8,994,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Investment Advisors LLC increased its holdings in shares of Kinder Morgan by 0.9% in the 2nd quarter. Capital Investment Advisors LLC now owns 213,492 shares of the pipeline company’s stock worth $3,676,000 after purchasing an additional 1,998 shares in the last quarter. Brookstone Capital Management increased its holdings in Kinder Morgan by 1.7% in the 2nd quarter. Brookstone Capital Management now owns 855,558 shares of the pipeline company’s stock worth $14,476,000 after buying an additional 13,999 shares in the last quarter. Maryland State Retirement & Pension System raised its position in Kinder Morgan by 2.3% in the 2nd quarter. Maryland State Retirement & Pension System now owns 2,232,850 shares of the pipeline company’s stock worth $38,450,000 after buying an additional 50,133 shares during the last quarter. Sanders Morris Harris LLC lifted its stake in Kinder Morgan by 127.5% during the 2nd quarter. Sanders Morris Harris LLC now owns 62,620 shares of the pipeline company’s stock valued at $1,079,000 after acquiring an additional 35,093 shares during the period. Finally, Czech National Bank boosted its holdings in shares of Kinder Morgan by 0.3% during the 2nd quarter. Czech National Bank now owns 233,614 shares of the pipeline company’s stock valued at $4,023,000 after acquiring an additional 636 shares during the last quarter. Institutional investors own 62.33% of the company’s stock.

Kinder Morgan Stock Performance

NYSE KMI traded down $0.24 on Friday, reaching $17.07. 28,400,451 shares of the stock were exchanged, compared to its average volume of 12,844,764. The company has a current ratio of 0.49, a quick ratio of 0.38 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a one year low of $16.00 and a one year high of $19.35. The firm has a market capitalization of $38.03 billion, a PE ratio of 15.38, a PEG ratio of 5.19 and a beta of 0.96. The company’s 50-day simple moving average is $17.36 and its two-hundred day simple moving average is $17.12.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 19th. The pipeline company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Kinder Morgan had a net margin of 14.65% and a return on equity of 7.79%. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same period last year, the firm earned $0.27 EPS. The company’s revenue was down 32.0% on a year-over-year basis. Analysts expect that Kinder Morgan, Inc. will post 1.1 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced 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 6.62%. The ex-dividend date was Friday, July 28th. Kinder Morgan’s dividend payout ratio is currently 101.80%.

Analyst Ratings Changes

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

Insider Activity at Kinder Morgan

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

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.