Gulf International Bank UK Ltd Reduces Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Gulf International Bank UK Ltd decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 401,334 shares of the pipeline company’s stock after selling 9,923 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Kinder Morgan were worth $7,316,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of KMI. FMR LLC grew its holdings in shares of Kinder Morgan by 12.0% during the first quarter. FMR LLC now owns 1,037,820 shares of the pipeline company’s stock worth $20,767,000 after purchasing an additional 111,096 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Kinder Morgan by 10.4% during the first quarter. Victory Capital Management Inc. now owns 1,570,906 shares of the pipeline company’s stock worth $26,156,000 after purchasing an additional 148,167 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Kinder Morgan by 11.7% during the first quarter. Commonwealth Equity Services LLC now owns 505,121 shares of the pipeline company’s stock worth $8,410,000 after purchasing an additional 52,841 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Kinder Morgan by 26.6% during the first quarter. Envestnet Asset Management Inc. now owns 1,960,381 shares of the pipeline company’s stock worth $32,640,000 after purchasing an additional 411,952 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Kinder Morgan by 73.2% during the first quarter. Los Angeles Capital Management LLC now owns 65,303 shares of the pipeline company’s stock worth $1,087,000 after purchasing an additional 27,603 shares during the last quarter. 59.33% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on KMI. Wells Fargo & Company reissued an “underweight” rating on shares of Kinder Morgan in a report on Wednesday, May 19th. Stifel Nicolaus lowered Kinder Morgan from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a report on Tuesday, June 15th. Morgan Stanley lowered Kinder Morgan from an “equal weight” rating to an “underweight” rating and set a $18.00 price target on the stock. in a report on Wednesday, May 26th. TD Securities raised their price target on Kinder Morgan from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, June 3rd. Finally, The Goldman Sachs Group lowered Kinder Morgan from a “neutral” rating to a “sell” rating in a report on Sunday, June 13th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.93.

KMI stock opened at $16.01 on Wednesday. The firm has a 50 day moving average of $17.03 and a 200-day moving average of $17.27. Kinder Morgan, Inc. has a 12-month low of $11.45 and a 12-month high of $19.29. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 1.00. The company has a market cap of $36.29 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 4.09 and a beta of 1.12.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Tuesday, July 20th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. Kinder Morgan had a net margin of 11.91% and a return on equity of 9.34%. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the firm earned $0.17 EPS. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.3 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 16th. Investors of record on Monday, August 2nd were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, July 30th. This represents a $1.08 annualized dividend and a dividend yield of 6.75%. Kinder Morgan’s dividend payout ratio is currently 122.73%.

In related news, VP Thomas A. Martin sold 66,607 shares of Kinder Morgan stock in a transaction that occurred on Friday, August 6th. The stock was sold at an average price of $17.08, for a total transaction of $1,137,647.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John W. Schlosser sold 1,500 shares of Kinder Morgan stock in a transaction that occurred on Friday, June 25th. The stock was sold at an average price of $18.23, for a total value of $27,345.00. Following the transaction, the vice president now owns 42,219 shares of the company’s stock, valued at $769,652.37. The disclosure for this sale can be found here. Insiders own 14.22% of the company’s stock.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company. The firm engages in the operation of pipelines and terminals that transport natural gas, gasoline, crude oil, carbon dioxide (CO2) and other products and stores petroleum products chemicals and handles bulk materials like ethanol, coal, petroleum coke and steel.

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

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