SIR Capital Management L.P. Sells 458,710 Shares of Kinder Morgan, Inc. (NYSE:KMI)

SIR Capital Management L.P. decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 21.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,709,197 shares of the pipeline company’s stock after selling 458,710 shares during the period. Kinder Morgan makes up 4.9% of SIR Capital Management L.P.’s portfolio, making the stock its 2nd largest position. SIR Capital Management L.P. owned approximately 0.08% of Kinder Morgan worth $46,832,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KMI. Xponance Inc. grew its stake in shares of Kinder Morgan by 5.2% during the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company’s stock worth $8,303,000 after acquiring an additional 15,114 shares in the last quarter. Golden State Equity Partners raised its position in Kinder Morgan by 2,507.9% during the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock worth $450,000 after acquiring an additional 15,800 shares in the last quarter. Royal London Asset Management Ltd. lifted its stake in Kinder Morgan by 2.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company’s stock valued at $62,062,000 after acquiring an additional 44,474 shares during the last quarter. UMB Bank n.a. grew its position in shares of Kinder Morgan by 116.1% in the 4th quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company’s stock valued at $5,772,000 after acquiring an additional 113,173 shares during the period. Finally, Clear Creek Financial Management LLC increased its stake in shares of Kinder Morgan by 86.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 23,716 shares of the pipeline company’s stock worth $650,000 after purchasing an additional 10,987 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on KMI. Scotiabank lifted their price target on Kinder Morgan from $25.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, April 21st. UBS Group lifted their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Citigroup increased their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a research report on Monday, March 3rd. Finally, Royal Bank of Canada increased their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.79.

Kinder Morgan Stock Performance

Shares of NYSE:KMI opened at $27.97 on Friday. Kinder Morgan, Inc. has a 12-month low of $18.83 and a 12-month high of $31.48. The company’s 50 day moving average price is $27.12 and its two-hundred day moving average price is $27.26. The firm has a market cap of $62.15 billion, a PE ratio of 23.91, a PEG ratio of 3.08 and a beta of 0.74. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.18%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan’s dividend payout ratio is presently 100.86%.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total transaction of $517,500.00. Following the sale, the president now owns 807,652 shares in the company, valued at approximately $23,219,995. This trade represents a 2.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the transaction, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This represents a 25.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock valued at $3,503,776 in the last ninety days. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and 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 gasification, liquefaction, and storage facilities.