Coronation Fund Managers Ltd. decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 21.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 632,306 shares of the pipeline company's stock after selling 171,351 shares during the period. Coronation Fund Managers Ltd.'s holdings in Kinder Morgan were worth $13,968,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in KMI. Vanguard Group Inc. grew its position in shares of Kinder Morgan by 15.8% during the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company's stock valued at $3,665,963,000 after purchasing an additional 27,254,172 shares in the last quarter. Castle Hook Partners LP grew its position in shares of Kinder Morgan by 108.2% during 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 grew its position in shares of Kinder Morgan by 45.9% during the first quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company's stock valued at $182,665,000 after purchasing an additional 3,135,457 shares in the last quarter. Duquesne Family Office LLC grew its position in shares of Kinder Morgan by 74.0% during the second quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company's stock valued at $134,185,000 after purchasing an additional 2,872,665 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Kinder Morgan by 23.6% during the first quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company's stock valued at $204,319,000 after purchasing an additional 2,125,648 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.
Insider Buying and Selling
In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the company's stock in a transaction 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 sale, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the company's stock in a transaction 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 sale, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Dax Sanders sold 1,729 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $6,455,589. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.64% of the stock is owned by insiders.
Kinder Morgan Trading Down 1.3 %
NYSE:KMI traded down $0.33 during midday trading on Friday, hitting $24.18. The stock had a trading volume of 13,274,538 shares, compared to its average volume of 14,053,779. Kinder Morgan, Inc. has a one year low of $16.17 and a one year high of $25.43. The company has a market capitalization of $53.72 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 3.03 and a beta of 0.91. The stock has a 50-day moving average of $22.85 and a 200 day moving average of $20.95. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.
Kinder Morgan (NYSE:KMI - Get Free Report) last announced 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 return on equity of 7.87% and a net margin of 16.76%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the company earned $0.25 EPS. The firm's revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current year.
Kinder Morgan Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.2875 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.76%. Kinder Morgan's dividend payout ratio (DPR) is currently 100.88%.
Analyst Ratings Changes
KMI has been the subject of several recent research reports. Royal Bank of Canada lifted their price target on 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 lifted their price target on Kinder Morgan from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research report on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $20.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, July 25th. Finally, Wells Fargo & Company lifted their price target on Kinder Morgan from $22.00 to $27.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.91.
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Kinder Morgan Profile
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Free Report)
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.
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