Worldquant Millennium Advisors LLC Has $4.07 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Worldquant Millennium Advisors LLC cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 78.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,313 shares of the pipeline company's stock after selling 663,596 shares during the period. Worldquant Millennium Advisors LLC's holdings in Kinder Morgan were worth $4,071,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KMI. Dimensional Fund Advisors LP boosted its position in Kinder Morgan by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company's stock worth $335,891,000 after acquiring an additional 257,658 shares during the period. Kayne Anderson Capital Advisors LP grew its position in Kinder Morgan by 0.7% in the 3rd 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 in the last quarter. First Pacific Advisors LP increased its stake in Kinder Morgan by 2.0% during 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 buying an additional 163,294 shares during the period. Marshall Wace LLP raised its position in shares of Kinder Morgan by 20.6% during the 2nd quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company's stock worth $154,409,000 after buying an additional 1,328,082 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in shares of Kinder Morgan by 2.2% in the 3rd quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company's stock worth $163,116,000 after acquiring an additional 164,152 shares during the period. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Trading Down 0.7 %

Kinder Morgan stock traded down $0.20 during midday trading on Friday, reaching $27.77. The stock had a trading volume of 11,530,725 shares, compared to its average volume of 12,526,706. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $28.81. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The firm has a market cap of $61.69 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 3.94 and a beta of 0.95. The firm's fifty day simple moving average is $25.77 and its two-hundred day simple moving average is $22.41.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 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 return on equity of 7.87% and a net margin of 16.76%. The business's quarterly revenue was down 5.3% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date was Thursday, October 31st. Kinder Morgan's dividend payout ratio (DPR) is 100.88%.

Insider Buying and Selling

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 value of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares of the company's stock, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 727,263 shares of company stock worth $18,075,634. 12.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KMI shares. Barclays boosted their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. UBS Group upped their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company a "buy" rating in a report on Friday. Royal Bank of Canada boosted 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. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Finally, Bank of America started coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a "buy" rating and a $27.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $25.75.

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.