Lazard Asset Management LLC Decreases Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Lazard Asset Management LLC decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMIGet Rating) by 9.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,011 shares of the pipeline company’s stock after selling 2,942 shares during the period. Lazard Asset Management LLC’s holdings in Kinder Morgan were worth $485,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KMI. Quent Capital LLC raised its holdings in shares of Kinder Morgan by 136.2% in the first quarter. Quent Capital LLC now owns 1,630 shares of the pipeline company’s stock worth $31,000 after buying an additional 940 shares during the last quarter. LS Investment Advisors LLC acquired a new stake in shares of Kinder Morgan in the second quarter valued at about $28,000. Tilia Fiduciary Partners Inc. grew its position in shares of Kinder Morgan by 644.5% in the second quarter. Tilia Fiduciary Partners Inc. now owns 1,906 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 1,650 shares during the period. Citizens National Bank Trust Department grew its position in shares of Kinder Morgan by 339.4% in the first quarter. Citizens National Bank Trust Department now owns 1,942 shares of the pipeline company’s stock valued at $35,000 after purchasing an additional 1,500 shares during the period. Finally, Tompkins Financial Corp acquired a new stake in shares of Kinder Morgan in the first quarter valued at about $38,000. Hedge funds and other institutional investors own 61.12% of the company’s stock.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 1,500 shares of the company’s stock in a transaction on Wednesday, October 19th. The shares were sold at an average price of $18.00, for a total value of $27,000.00. Following the completion of the sale, the vice president now owns 25,719 shares in the company, valued at approximately $462,942. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 4,500 shares of company stock worth $82,755 in the last 90 days. 14.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. StockNews.com started coverage on shares of Kinder Morgan in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. TD Securities reduced their price target on shares of Kinder Morgan from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, October 20th. The Goldman Sachs Group upgraded shares of Kinder Morgan from a “sell” rating to a “neutral” rating and set a $19.00 price objective for the company in a report on Wednesday, September 7th. Wells Fargo & Company lowered their price target on shares of Kinder Morgan from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Tuesday, October 25th. Finally, Barclays lowered their price target on shares of Kinder Morgan from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Wednesday, October 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.38.

Kinder Morgan Trading Up 0.7 %

Shares of Kinder Morgan stock opened at $18.42 on Friday. The company has a fifty day simple moving average of $17.70 and a 200-day simple moving average of $18.00. Kinder Morgan, Inc. has a 12-month low of $15.01 and a 12-month high of $20.20. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 0.91. The stock has a market cap of $41.40 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 5.35 and a beta of 0.94.

Kinder Morgan (NYSE:KMIGet Rating) last issued its earnings results on Wednesday, October 19th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04). Kinder Morgan had a net margin of 13.20% and a return on equity of 7.97%. The company had revenue of $5.18 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the previous year, the company posted $0.22 EPS. The company’s quarterly revenue was up 35.4% on a year-over-year basis. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.15 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, October 28th. This represents a $1.11 annualized dividend and a yield of 6.03%. Kinder Morgan’s dividend payout ratio (DPR) is 100.91%.

Kinder Morgan Company Profile

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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.

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

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