Texas Permanent School Fund Corp Reduces Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Texas Permanent School Fund Corp trimmed its stake in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 3.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 400,566 shares of the pipeline company’s stock after selling 13,025 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Kinder Morgan were worth $6,641,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in KMI. Rheos Capital Works Inc. bought a new stake in shares of Kinder Morgan during the third quarter valued at about $4,642,000. Cohen & Steers Inc. raised its stake in shares of Kinder Morgan by 1,217.2% during the second quarter. Cohen & Steers Inc. now owns 10,094,105 shares of the pipeline company’s stock valued at $173,820,000 after purchasing an additional 9,327,755 shares in the last quarter. Virginia Wealth Management Group Inc. raised its stake in shares of Kinder Morgan by 1.6% during the third quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock valued at $3,337,000 after purchasing an additional 3,085 shares in the last quarter. Bahl & Gaynor Inc. raised its stake in shares of Kinder Morgan by 69.2% during the third quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company’s stock valued at $65,577,000 after purchasing an additional 1,617,250 shares in the last quarter. Finally, Bank of Hawaii raised its stake in shares of Kinder Morgan by 10.7% during the second quarter. Bank of Hawaii now owns 24,291 shares of the pipeline company’s stock valued at $418,000 after purchasing an additional 2,339 shares in the last quarter. 62.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. US Capital Advisors upgraded shares of Kinder Morgan from a “hold” rating to an “overweight” rating in a research report on Friday, November 17th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.50.

Check Out Our Latest Stock Report on Kinder Morgan

Insider Buying and Selling

In other Kinder Morgan news, VP Denise R. Mathews sold 30,000 shares of Kinder Morgan stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $17.55, for a total transaction of $526,500.00. Following the transaction, the vice president now owns 79,217 shares of the company’s stock, valued at approximately $1,390,258.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Kinder Morgan news, VP Denise R. Mathews sold 30,000 shares of Kinder Morgan stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $17.55, for a total transaction of $526,500.00. Following the transaction, the vice president now owns 79,217 shares of the company’s stock, valued at approximately $1,390,258.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John W. Schlosser sold 7,500 shares of Kinder Morgan stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $18.00, for a total value of $135,000.00. Following the transaction, the vice president now directly owns 3,219 shares in the company, valued at approximately $57,942. The disclosure for this sale can be found here. In the last quarter, insiders have sold 87,500 shares of company stock valued at $1,543,000. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Trading Down 0.1 %

Shares of KMI opened at $16.61 on Monday. The business’s 50-day moving average price is $17.48 and its 200 day moving average price is $17.17. The stock has a market capitalization of $36.92 billion, a P/E ratio of 15.52, a P/E/G ratio of 4.73 and a beta of 0.91. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $18.51. The company has a current ratio of 0.35, a quick ratio of 0.30 and a debt-to-equity ratio of 0.88.

Kinder Morgan (NYSE:KMIGet Free Report) last issued its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.40 billion. Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 EPS. Analysts expect that Kinder Morgan, Inc. will post 1.17 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a $0.2825 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.13 dividend on an annualized basis and a yield of 6.80%. Kinder Morgan’s dividend payout ratio is currently 105.61%.

Kinder Morgan Profile

(Free Report)

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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.

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

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