Level Four Advisory Services LLC reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 57.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,809 shares of the pipeline company’s stock after selling 44,789 shares during the quarter. Level Four Advisory Services LLC’s holdings in Kinder Morgan were worth $726,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its position in Kinder Morgan by 47.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 356,546 shares of the pipeline company’s stock worth $6,832,000 after buying an additional 114,124 shares during the period. Principal Financial Group Inc. grew its position in Kinder Morgan by 31.1% during the second quarter. Principal Financial Group Inc. now owns 5,071,934 shares of the pipeline company’s stock worth $97,179,000 after buying an additional 1,201,722 shares during the period. Ballentine Partners LLC acquired a new position in Kinder Morgan during the second quarter worth about $1,078,000. Brookfield Asset Management Inc. grew its position in Kinder Morgan by 10.4% during the first quarter. Brookfield Asset Management Inc. now owns 10,396,470 shares of the pipeline company’s stock worth $226,019,000 after buying an additional 976,320 shares during the period. Finally, Norinchukin Bank The grew its position in Kinder Morgan by 4.0% during the second quarter. Norinchukin Bank The now owns 232,006 shares of the pipeline company’s stock worth $4,445,000 after buying an additional 8,908 shares during the period. Institutional investors own 59.08% of the company’s stock.

Shares of Kinder Morgan, Inc. (NYSE KMI) traded down 0.824% during trading on Tuesday, hitting $18.655. 5,491,115 shares of the company traded hands. Kinder Morgan, Inc. has a one year low of $18.23 and a one year high of $23.01. The firm has a 50 day moving average price of $19.22 and a 200-day moving average price of $19.66. The stock has a market cap of $41.66 billion, a price-to-earnings ratio of 61.568 and a beta of 0.65.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 19th. The pipeline company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Kinder Morgan had a return on equity of 4.41% and a net margin of 6.20%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the business earned $0.15 earnings per share. Analysts predict that Kinder Morgan, Inc. will post $0.64 EPS for the current year.

Kinder Morgan declared that its board has authorized a stock repurchase program on Wednesday, July 19th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the pipeline company to purchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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In other news, Director William A. Smith bought 4,903 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were acquired at an average cost of $20.24 per share, with a total value of $99,236.72. Following the completion of the transaction, the director now directly owns 14,587 shares in the company, valued at approximately $295,240.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 13.99% of the company’s stock.

Several research analysts have weighed in on KMI shares. BMO Capital Markets set a $26.00 target price on shares of Kinder Morgan and gave the stock a “buy” rating in a research report on Tuesday, June 20th. TD Securities set a $26.00 target price on shares of Kinder Morgan and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Stifel Nicolaus restated a “buy” rating and set a $25.00 target price on shares of Kinder Morgan in a research report on Friday, July 14th. Raymond James Financial, Inc. restated a “buy” rating on shares of Kinder Morgan in a research report on Saturday, July 22nd. Finally, Jefferies Group LLC restated a “hold” rating and set a $20.00 target price on shares of Kinder Morgan in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Kinder Morgan currently has a consensus rating of “Buy” and an average price target of $23.72.

Kinder Morgan Profile

Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.

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

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