Fort Sheridan Advisors LLC Increases Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Fort Sheridan Advisors LLC boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMIGet Rating) by 6.4% during the first quarter, Holdings Channel reports. The firm owned 48,268 shares of the pipeline company’s stock after acquiring an additional 2,893 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Kinder Morgan were worth $913,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Kinder Morgan by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 35,733,418 shares of the pipeline company’s stock worth $565,217,000 after acquiring an additional 1,517,490 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Kinder Morgan by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 27,804,236 shares of the pipeline company’s stock worth $440,975,000 after acquiring an additional 1,063,447 shares during the period. Invesco Ltd. grew its holdings in shares of Kinder Morgan by 3.4% during the 4th quarter. Invesco Ltd. now owns 16,188,024 shares of the pipeline company’s stock worth $256,742,000 after acquiring an additional 532,527 shares during the period. Norges Bank purchased a new position in shares of Kinder Morgan during the 4th quarter worth approximately $243,159,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Kinder Morgan by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,948,480 shares of the pipeline company’s stock worth $189,492,000 after acquiring an additional 169,874 shares during the period. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on KMI shares. Wolfe Research downgraded Kinder Morgan from a “peer perform” rating to an “underperform” rating and upped their target price for the stock from $17.00 to $18.00 in a report on Monday, April 11th. UBS Group boosted their price target on Kinder Morgan to $25.00 in a research report on Friday, July 22nd. Mizuho boosted their price target on Kinder Morgan from $21.00 to $22.00 in a research report on Thursday, April 21st. TD Securities boosted their price target on Kinder Morgan from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, April 21st. Finally, Wells Fargo & Company dropped their price target on Kinder Morgan to $20.00 and set an “equal weight” rating on the stock in a research report on Friday, May 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $21.14.

Kinder Morgan Price Performance

NYSE KMI opened at $17.47 on Friday. The business’s fifty day moving average price is $17.66 and its 200-day moving average price is $18.06. The stock has a market capitalization of $39.36 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 4.81 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.52 and a quick ratio of 0.42. Kinder Morgan, Inc. has a 1-year low of $15.01 and a 1-year high of $20.20.

Kinder Morgan (NYSE:KMIGet Rating) last released its quarterly earnings results on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The company’s revenue was up 63.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 EPS. On average, equities analysts predict that Kinder Morgan, Inc. will post 1.2 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, July 29th. This represents a $1.11 annualized dividend and a dividend yield of 6.35%. Kinder Morgan’s payout ratio is 103.74%.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 3,000 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $18.00, for a total transaction of $54,000.00. Following the completion of the sale, the vice president now owns 28,719 shares of the company’s stock, valued at $516,942. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kinder Morgan news, VP John W. Schlosser sold 3,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $18.00, for a total transaction of $54,000.00. Following the transaction, the vice president now owns 28,719 shares of the company’s stock, valued at $516,942. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 1,500 shares of the stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $19.21, for a total transaction of $28,815.00. Following the completion of the sale, the vice president now directly owns 31,719 shares of the company’s stock, valued at $609,321.99. The disclosure for this sale can be found here. 14.22% of the stock is owned by insiders.

About Kinder Morgan

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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.

Further Reading

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

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