Lansforsakringar Fondforvaltning AB publ Has $17.49 Million Holdings in Kinder Morgan, Inc. $KMI

Lansforsakringar Fondforvaltning AB publ raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 617,895 shares of the pipeline company’s stock after buying an additional 22,562 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Kinder Morgan were worth $17,493,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of KMI. Davis Capital Management bought a new position in shares of Kinder Morgan during the 3rd quarter worth about $1,426,000. Providence Capital Advisors LLC acquired a new stake in shares of Kinder Morgan during the 3rd quarter worth about $2,674,000. Meixler Investment Management Ltd. acquired a new stake in Kinder Morgan during the 3rd quarter valued at $1,882,000. Vise Technologies Inc. bought a new stake in shares of Kinder Morgan during the second quarter worth $1,713,000. Finally, Carnegie Investment Counsel raised its stake in shares of Kinder Morgan by 9.8% during the third quarter. Carnegie Investment Counsel now owns 755,295 shares of the pipeline company’s stock worth $21,382,000 after buying an additional 67,274 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KMI shares. Mizuho reduced their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Royal Bank Of Canada boosted their price objective on shares of Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Thursday, November 13th. UBS Group restated a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a report on Friday, December 12th. Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. Finally, Jefferies Financial Group lifted their price target 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. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $32.38.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $32.75 on Monday. The company has a market capitalization of $72.87 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.70 and a beta of 0.70. The stock’s 50 day moving average is $28.86 and its 200-day moving average is $27.69. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $32.77.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, February 2nd. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $5,868,693.42. This represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David Patrick Michels sold 20,000 shares of the company’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer directly owned 139,428 shares in the company, valued at $4,182,840. This trade represents a 12.54% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 46,498 shares of company stock worth $1,382,115. Insiders own 12.73% of the company’s stock.

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.