Dimensional Fund Advisors LP Raises Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Dimensional Fund Advisors LP lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.5% in the second quarter, Holdings Channel reports. The firm owned 16,904,252 shares of the pipeline company’s stock after buying an additional 257,658 shares during the period. Dimensional Fund Advisors LP’s holdings in Kinder Morgan were worth $335,891,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC raised its position in Kinder Morgan by 3,655.3% during the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 1,389 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in shares of Kinder Morgan during the first quarter valued at $30,000. Redmont Wealth Advisors LLC bought a new stake in shares of Kinder Morgan in the first quarter valued at about $31,000. OFI Invest Asset Management purchased a new stake in Kinder Morgan in the first quarter worth about $31,000. Finally, AlphaMark Advisors LLC grew its holdings in Kinder Morgan by 92.5% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,925 shares of the pipeline company’s stock worth $38,000 after acquiring an additional 925 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $21.47 on Tuesday. The company has a 50 day moving average price of $21.04 and a 200 day moving average price of $19.63. The firm has a market capitalization of $47.65 billion, a P/E ratio of 19.52, a PEG ratio of 2.90 and a beta of 0.93. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $21.86.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 annualized dividend and a yield of 5.36%. Kinder Morgan’s payout ratio is presently 104.55%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KMI. Scotiabank boosted their price target on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Barclays upped their target price on Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Friday, July 19th. Finally, Royal Bank of Canada upped their price objective on Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 30th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Hold” and an average target price of $22.55.

Insider Activity

In related news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the sale, the president now owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Kinder Morgan news, VP Sital K. Mody sold 25,169 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $21.04, for a total transaction of $529,555.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Thomas A. Martin sold 100,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the completion of the transaction, the president now directly owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,311 shares of company stock valued at $3,121,891. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily 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 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.