Adams Natural Resources Fund Inc. Sells 163,700 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Adams Natural Resources Fund Inc. lowered its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 26.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 445,392 shares of the pipeline company's stock after selling 163,700 shares during the period. Kinder Morgan accounts for 1.5% of Adams Natural Resources Fund Inc.'s portfolio, making the stock its 17th largest holding. Adams Natural Resources Fund Inc.'s holdings in Kinder Morgan were worth $9,839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Kinder Morgan by 15.8% in the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company's stock worth $3,665,963,000 after acquiring an additional 27,254,172 shares during the last quarter. Castle Hook Partners LP increased its holdings in shares of Kinder Morgan by 108.2% in the first quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company's stock valued at $143,049,000 after purchasing an additional 4,053,793 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its position in Kinder Morgan by 45.9% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company's stock worth $182,665,000 after purchasing an additional 3,135,457 shares during the last quarter. Duquesne Family Office LLC lifted its holdings in Kinder Morgan by 74.0% during the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company's stock worth $134,185,000 after buying an additional 2,872,665 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in Kinder Morgan by 23.6% in the 1st quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company's stock valued at $204,319,000 after buying an additional 2,125,648 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KMI shares. Bank of America assumed coverage on Kinder Morgan in a research note on Thursday, October 17th. They set a "buy" rating and a $27.00 price target on the stock. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research note on Friday, October 18th. Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 22nd. UBS Group raised their price objective on shares of Kinder Morgan from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group reiterated a "conviction-buy" rating on shares of Kinder Morgan in a research report on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.91.

Insider Buying and Selling

In related news, VP Dax Sanders sold 1,729 shares of the company's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the transaction, the vice president now directly owns 307,409 shares of the company's stock, valued at approximately $6,455,589. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director C Park Shaper sold 690,142 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares of the company's stock, valued at approximately $168,543,985.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Dax Sanders sold 1,729 shares of the company's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 817,040 shares of company stock worth $19,747,879 over the last ninety days. Company insiders own 12.64% of the company's stock.

Kinder Morgan Trading Up 0.8 %

KMI stock traded up $0.19 during midday trading on Wednesday, hitting $24.82. 7,068,438 shares of the company's stock were exchanged, compared to its average volume of 13,770,305. Kinder Morgan, Inc. has a one year low of $16.06 and a one year high of $25.43. The stock's fifty day moving average price is $22.64 and its 200-day moving average price is $20.81. The company has a market cap of $55.09 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 3.06 and a beta of 0.93. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued 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). The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan's revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Research analysts predict that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Thursday, October 31st. Kinder Morgan's dividend payout ratio is 104.55%.

Kinder Morgan 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.