Oregon Public Employees Retirement Fund Has $7.11 Million Position in Kinder Morgan Inc (KMI)

Oregon Public Employees Retirement Fund boosted its stake in Kinder Morgan Inc (NYSE:KMI) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 462,466 shares of the pipeline company’s stock after acquiring an additional 17,303 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Kinder Morgan were worth $7,113,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Capital World Investors bought a new position in shares of Kinder Morgan during the 3rd quarter worth approximately $103,969,000. Brookfield Asset Management Inc. boosted its holdings in shares of Kinder Morgan by 54.8% during the 3rd quarter. Brookfield Asset Management Inc. now owns 14,514,249 shares of the pipeline company’s stock worth $257,338,000 after buying an additional 5,140,790 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Kinder Morgan by 33.0% during the 3rd quarter. Clearbridge Investments LLC now owns 18,562,214 shares of the pipeline company’s stock worth $329,108,000 after buying an additional 4,607,468 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Kinder Morgan by 8.3% during the 3rd quarter. Franklin Resources Inc. now owns 52,113,563 shares of the pipeline company’s stock worth $923,972,000 after buying an additional 3,976,516 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Kinder Morgan by 21.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 18,647,482 shares of the pipeline company’s stock worth $330,620,000 after buying an additional 3,314,778 shares in the last quarter. Institutional investors and hedge funds own 62.57% of the company’s stock.

In other news, insider Richard D. Kinder bought 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 29th. The shares were bought at an average cost of $17.92 per share, for a total transaction of $896,000.00. Following the acquisition, the insider now directly owns 235,262,353 shares in the company, valued at $4,215,901,365.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard D. Kinder bought 150,000 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was purchased at an average price of $18.31 per share, for a total transaction of $2,746,500.00. Following the completion of the acquisition, the insider now owns 235,777,613 shares in the company, valued at $4,317,088,094.03. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 1,719,112 shares of company stock worth $31,998,614. 14.16% of the stock is owned by company insiders.

Shares of KMI opened at $19.16 on Friday. Kinder Morgan Inc has a 12-month low of $14.62 and a 12-month high of $19.47. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $42.53 billion, a P/E ratio of 21.53, a PEG ratio of 2.59 and a beta of 0.89.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. Kinder Morgan had a return on equity of 5.86% and a net margin of 11.38%. The company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the business earned $0.21 EPS. Kinder Morgan’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Kinder Morgan Inc will post 1 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Thursday, January 31st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date was Wednesday, January 30th. Kinder Morgan’s dividend payout ratio is currently 89.89%.

A number of research firms have issued reports on KMI. Evercore ISI began coverage on Kinder Morgan in a report on Tuesday, February 5th. They set an “outperform” rating on the stock. ValuEngine upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Argus restated a “buy” rating and set a $23.00 price target on shares of Kinder Morgan in a report on Tuesday, January 22nd. TheStreet upgraded Kinder Morgan from a “c” rating to a “b-” rating in a report on Wednesday, January 16th. Finally, Jefferies Financial Group upgraded Kinder Morgan from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. One analyst has rated the stock with a sell rating, two have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $21.08.

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About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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

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