Kinder Morgan Inc (NYSE:KMI) Stock Holdings Decreased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lowered its stake in Kinder Morgan Inc (NYSE:KMI) by 68.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 80,134 shares of the pipeline company’s stock after selling 170,182 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Kinder Morgan were worth $1,115,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. World Asset Management Inc grew its position in shares of Kinder Morgan by 0.4% during the 4th quarter. World Asset Management Inc now owns 142,493 shares of the pipeline company’s stock valued at $3,017,000 after buying an additional 529 shares during the last quarter. Fiduciary Financial Services of The Southwest Inc. TX grew its position in shares of Kinder Morgan by 1.0% during the 4th quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 56,766 shares of the pipeline company’s stock valued at $1,202,000 after buying an additional 553 shares during the last quarter. Coastal Investment Advisors Inc. grew its position in shares of Kinder Morgan by 10.4% during the 4th quarter. Coastal Investment Advisors Inc. now owns 5,907 shares of the pipeline company’s stock valued at $119,000 after buying an additional 555 shares during the last quarter. Jacobi Capital Management LLC grew its position in shares of Kinder Morgan by 8.2% during the 4th quarter. Jacobi Capital Management LLC now owns 7,485 shares of the pipeline company’s stock valued at $158,000 after buying an additional 570 shares during the last quarter. Finally, Charles Schwab Trust Co grew its position in shares of Kinder Morgan by 2.3% during the 4th quarter. Charles Schwab Trust Co now owns 26,189 shares of the pipeline company’s stock valued at $554,000 after buying an additional 582 shares during the last quarter. 62.75% of the stock is owned by institutional investors.

Kinder Morgan stock opened at $15.36 on Friday. The firm has a market cap of $35.39 billion, a PE ratio of 26.48, a P/E/G ratio of 7.27 and a beta of 1.04. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.50 and a current ratio of 0.55. The firm’s 50 day moving average price is $14.72 and its two-hundred day moving average price is $18.46. Kinder Morgan Inc has a twelve month low of $9.42 and a twelve month high of $22.58.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.03). The company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.41 billion. Kinder Morgan had a net margin of 10.31% and a return on equity of 6.24%. The firm’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 EPS. Equities analysts anticipate that Kinder Morgan Inc will post 0.72 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a $0.2625 dividend. This represents a $1.05 annualized dividend and a yield of 6.84%. The ex-dividend date was Friday, May 1st. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.25. Kinder Morgan’s dividend payout ratio is currently 110.53%.

A number of brokerages recently weighed in on KMI. Raymond James lowered their price objective on shares of Kinder Morgan from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Citigroup reduced their target price on shares of Kinder Morgan from $21.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday. ValuEngine raised shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Thursday, March 5th. Wells Fargo & Co reduced their target price on shares of Kinder Morgan from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Finally, Cfra reduced their target price on shares of Kinder Morgan from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $19.40.

In related news, major shareholder Richard D. Kinder acquired 500,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were purchased at an average price of $14.25 per share, for a total transaction of $7,125,000.00. Also, Chairman Richard D. Kinder bought 300,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of $18.88 per share, with a total value of $5,664,000.00. Following the completion of the transaction, the chairman now directly owns 243,739,120 shares of the company’s stock, valued at $4,601,794,585.60. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,406,500 shares of company stock worth $24,957,775. Company insiders own 14.19% of the company’s stock.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

See Also: Ex-Dividend

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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