Kinder Morgan, Inc. $KMI Shares Sold by AGF Management Ltd.

AGF Management Ltd. cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 16.2% in the 3rd quarter, Holdings Channel reports. The fund owned 237,450 shares of the pipeline company’s stock after selling 45,890 shares during the period. AGF Management Ltd.’s holdings in Kinder Morgan were worth $6,722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Kinder Morgan during the 2nd quarter valued at approximately $1,162,802,000. Merewether Investment Management LP purchased a new position in shares of Kinder Morgan during the 2nd quarter valued at approximately $138,477,000. 59 North Capital Management LP boosted its stake in shares of Kinder Morgan by 54.5% during the 2nd quarter. 59 North Capital Management LP now owns 10,597,380 shares of the pipeline company’s stock valued at $311,563,000 after buying an additional 3,739,398 shares during the last quarter. Marshall Wace LLP grew its position in shares of Kinder Morgan by 364.8% during the second quarter. Marshall Wace LLP now owns 4,165,348 shares of the pipeline company’s stock worth $122,461,000 after buying an additional 3,269,284 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Kinder Morgan by 1.5% in the second quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock worth $6,092,253,000 after buying an additional 3,070,609 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. Mizuho decreased their price target on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Jefferies Financial Group raised their price objective on shares of Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada boosted their price target on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $32.38.

Insider Activity

In related news, Director William A. Smith acquired 3,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was acquired at an average price of $29.75 per share, with a total value of $89,250.00. Following the completion of the transaction, the director owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. This represents a 10.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $27.49, for a total value of $169,503.34. Following the sale, the vice president directly owned 201,204 shares in the company, valued at approximately $5,531,097.96. This trade represents a 2.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 38,498 shares of company stock valued at $1,107,462. Insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Up 2.3%

KMI stock opened at $30.31 on Wednesday. The firm has a market cap of $67.42 billion, a PE ratio of 22.12, a PEG ratio of 2.40 and a beta of 0.70. The company has a fifty day simple moving average of $27.71 and a 200 day simple moving average of $27.32. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $30.57. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the prior year, the company earned $0.30 earnings per share. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be issued a dividend of $0.2925 per share. The ex-dividend date is Monday, February 2nd. This represents a $1.17 annualized dividend and a dividend yield of 3.9%. Kinder Morgan’s payout ratio is presently 85.40%.

Kinder Morgan Profile

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.