Aberdeen Group plc Reduces Position in Kinder Morgan, Inc. $KMI

Aberdeen Group plc lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,303,478 shares of the pipeline company’s stock after selling 131,784 shares during the quarter. Aberdeen Group plc owned about 0.10% of Kinder Morgan worth $65,350,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV raised its holdings in Kinder Morgan by 14.5% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock valued at $83,000 after acquiring an additional 357 shares during the period. L.M. Kohn & Company raised its stake in shares of Kinder Morgan by 3.4% during the 2nd quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock valued at $322,000 after purchasing an additional 360 shares during the period. Golden State Equity Partners lifted its holdings in Kinder Morgan by 2.2% during the 3rd quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock worth $485,000 after purchasing an additional 368 shares in the last quarter. Fiduciary Financial Group LLC lifted its holdings in Kinder Morgan by 2.6% during the 3rd quarter. Fiduciary Financial Group LLC now owns 15,439 shares of the pipeline company’s stock worth $437,000 after purchasing an additional 392 shares in the last quarter. Finally, MBM Wealth Consultants LLC grew its holdings in Kinder Morgan by 2.8% during the 2nd quarter. MBM Wealth Consultants LLC now owns 14,462 shares of the pipeline company’s stock valued at $425,000 after buying an additional 393 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $30.09, for a total value of $185,534.94. Following the completion of the sale, the vice president owned 195,038 shares in the company, valued at approximately $5,868,693.42. The trade was a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David Patrick Michels sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the transaction, the chief financial officer owned 139,428 shares in the company, valued at $4,182,840. This represents a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 38,498 shares of company stock worth $1,126,515 in the last ninety days. 12.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada increased their price target on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Mizuho lowered their target price on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th. Freedom Capital raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. TD Cowen upped their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.38.

Kinder Morgan Trading Up 1.9%

Shares of KMI opened at $32.30 on Monday. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $32.34. The firm has a market cap of $71.86 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 2.66 and a beta of 0.70. The firm has a 50 day moving average price of $28.31 and a 200-day moving average price of $27.52. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.64.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 EPS. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, February 2nd. Kinder Morgan’s payout ratio is 85.40%.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.