Holocene Advisors LP Invests $77.66 Million in Kinder Morgan, Inc. $KMI

Holocene Advisors LP acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the third quarter, HoldingsChannel reports. The firm acquired 2,743,279 shares of the pipeline company’s stock, valued at approximately $77,662,000.

A number of other large investors have also modified their holdings of KMI. Vanguard Group Inc. lifted its position in Kinder Morgan by 0.4% in the third quarter. Vanguard Group Inc. now owns 208,116,318 shares of the pipeline company’s stock worth $5,891,773,000 after purchasing an additional 896,837 shares during the period. Norges Bank bought a new stake in Kinder Morgan in the 2nd quarter valued at $1,162,802,000. Orbis Allan Gray Ltd raised its stake in shares of Kinder Morgan by 3.1% in the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock valued at $665,474,000 after buying an additional 670,856 shares in the last quarter. Invesco Ltd. raised its stake in shares of Kinder Morgan by 1.0% in the 3rd quarter. Invesco Ltd. now owns 22,165,368 shares of the pipeline company’s stock valued at $627,502,000 after buying an additional 216,039 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Kinder Morgan by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 16,551,759 shares of the pipeline company’s stock worth $468,588,000 after acquiring an additional 205,820 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on KMI shares. Stifel Nicolaus lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research report on Friday. Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Wells Fargo & Company lifted their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Friday. Mizuho upped their price objective on Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Finally, UBS Group reissued a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a report on Friday, December 12th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.38.

Kinder Morgan Trading Down 0.2%

Shares of Kinder Morgan stock opened at $33.33 on Tuesday. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $34.24. The stock has a market capitalization of $74.14 billion, a P/E ratio of 24.32, a price-to-earnings-growth ratio of 3.08 and a beta of 0.68. The company has a 50-day simple moving average of $30.84 and a 200 day simple moving average of $28.43. The company has a quick ratio of 0.50, a current ratio of 0.64 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 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. Research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, February 2nd. Kinder Morgan’s payout ratio is presently 85.40%.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $33.67, for a total value of $207,609.22. Following the completion of the transaction, the vice president owned 188,872 shares in the company, valued at approximately $6,359,320.24. The trade was a 3.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David Patrick Michels sold 20,000 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the sale, the chief financial officer owned 139,428 shares in the company, valued at $4,182,840. The trade was a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 46,498 shares of company stock valued at $1,418,248 in the last 90 days. 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.