Ontario Teachers Pension Plan Board Decreases Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Ontario Teachers Pension Plan Board lowered its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 63.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 51,277 shares of the pipeline company's stock after selling 89,008 shares during the period. Ontario Teachers Pension Plan Board's holdings in Kinder Morgan were worth $1,133,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in Kinder Morgan by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company's stock valued at $335,891,000 after acquiring an additional 257,658 shares during the last quarter. Energy Income Partners LLC grew its stake in Kinder Morgan by 2.6% during the first quarter. Energy Income Partners LLC now owns 10,717,452 shares of the pipeline company's stock worth $196,558,000 after purchasing an additional 272,648 shares during the period. Kayne Anderson Capital Advisors LP lifted its stake in Kinder Morgan by 0.7% in the third quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company's stock valued at $233,050,000 after buying an additional 69,307 shares during the period. First Pacific Advisors LP increased its stake in shares of Kinder Morgan by 2.0% in the 2nd quarter. First Pacific Advisors LP now owns 8,198,954 shares of the pipeline company's stock valued at $162,913,000 after acquiring an additional 163,294 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Kinder Morgan by 20.6% during the second quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company's stock worth $154,409,000 after acquiring an additional 1,328,082 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 19,121 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the sale, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KMI. UBS Group upped their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a "buy" rating in a report on Friday, November 15th. Morgan Stanley set a $26.00 target price on Kinder Morgan in a research report on Friday, October 18th. The Goldman Sachs Group restated a "conviction-buy" rating on shares of Kinder Morgan in a research note on Friday, October 18th. Royal Bank of Canada raised their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Tuesday, October 22nd. Finally, Bank of America assumed coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a "buy" rating and a $27.00 price target on the stock. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $25.36.

Kinder Morgan Price Performance

NYSE:KMI traded up $0.52 during trading hours on Thursday, hitting $28.52. The stock had a trading volume of 3,915,036 shares, compared to its average volume of 13,837,612. The company has a 50 day simple moving average of $24.26 and a two-hundred day simple moving average of $21.68. The firm has a market capitalization of $63.36 billion, a price-to-earnings ratio of 24.56, a P/E/G ratio of 3.86 and a beta of 0.91. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $28.52.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the business posted $0.25 EPS. Kinder Morgan's quarterly revenue was down 5.3% on a year-over-year basis. Research analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.03%. Kinder Morgan's payout ratio is presently 100.88%.

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.