Kinder Morgan, Inc. (NYSE:KMI) Holdings Lessened by Silver Lake Advisory LLC

Silver Lake Advisory LLC lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 229,989 shares of the pipeline company’s stock after selling 9,901 shares during the period. Kinder Morgan makes up approximately 2.8% of Silver Lake Advisory LLC’s investment portfolio, making the stock its 7th largest position. Silver Lake Advisory LLC’s holdings in Kinder Morgan were worth $6,302,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Duquesne Family Office LLC increased its holdings in shares of Kinder Morgan by 74.0% in the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after acquiring an additional 2,872,665 shares during the last quarter. Barclays PLC lifted its position in shares of Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after buying an additional 2,334,273 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Kinder Morgan by 295.5% in the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock valued at $64,879,000 after buying an additional 2,194,489 shares in the last quarter. International Assets Investment Management LLC lifted its position in Kinder Morgan by 1,849.7% in the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after purchasing an additional 2,053,612 shares during the period. Finally, Retirement Systems of Alabama raised its stake in shares of Kinder Morgan by 295.2% during the 3rd quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock worth $37,185,000 after buying an additional 1,257,428 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other news, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,121 shares of company stock worth $1,497,000. 12.64% of the stock is owned by company insiders.

Kinder Morgan Stock Down 0.9 %

Shares of NYSE KMI opened at $30.50 on Friday. The firm’s 50 day moving average price is $27.90 and its 200 day moving average price is $24.32. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The firm has a market cap of $67.77 billion, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.10%. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.27 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 3.77%. Kinder Morgan’s payout ratio is currently 98.29%.

Analysts Set New Price Targets

Several brokerages have commented on KMI. UBS Group boosted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Mizuho increased their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday. The Goldman Sachs Group upped their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company boosted their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Royal Bank of Canada raised their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and an average price target of $28.92.

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.