Illinois Municipal Retirement Fund Sells 19,566 Shares of Kinder Morgan, Inc. $KMI

Illinois Municipal Retirement Fund trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 530,229 shares of the pipeline company’s stock after selling 19,566 shares during the period. Illinois Municipal Retirement Fund’s holdings in Kinder Morgan were worth $15,986,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Kinder Morgan by 1.1% in the second quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock worth $5,621,421,000 after buying an additional 1,875,143 shares in the last quarter. State Street Corp grew its position in Kinder Morgan by 4.3% during the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock valued at $4,183,704,000 after acquiring an additional 5,361,578 shares during the last quarter. Bank of America Corp DE grew its position in Kinder Morgan by 1.4% during the first quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock valued at $2,079,477,000 after acquiring an additional 836,571 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Kinder Morgan by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company’s stock worth $577,998,000 after acquiring an additional 448,130 shares in the last quarter. Finally, Amundi raised its stake in shares of Kinder Morgan by 5.8% during the first quarter. Amundi now owns 15,130,700 shares of the pipeline company’s stock worth $507,332,000 after acquiring an additional 831,125 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, VP John Schlosser sold 6,200 shares of Kinder Morgan stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $31.00, for a total value of $192,200.00. Following the transaction, the vice president directly owned 158,008 shares of the company’s stock, valued at $4,898,248. The trade was a 3.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Richard Kinder purchased 500,000 shares of the stock in a transaction that occurred on Friday, November 6th. The shares were purchased at an average price of $29.99 per share, with a total value of $14,995,000.00. Following the completion of the acquisition, the chairman directly owned 246,712,353 shares in the company, valued at $7,398,903,466.47. The trade was a 0.20% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 9,300 shares of company stock worth $292,098. Insiders own 12.72% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Kinder Morgan from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Stifel Nicolaus began coverage on shares of Kinder Morgan in a report on Wednesday, September 9th. They set a “hold” rating and a $35.00 target price on the stock. Melius Research began coverage on shares of Kinder Morgan in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $38.00 target price on the stock. Morgan Stanley lowered their price target on shares of Kinder Morgan from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 3rd. Finally, Jefferies Financial Group boosted their price target on shares of Kinder Morgan from $33.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, October 22nd. Twelve research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.15.

Kinder Morgan Price Performance

KMI opened at $31.57 on Thursday. The stock’s 50 day simple moving average is $32.02 and its 200 day simple moving average is $32.15. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.55. Kinder Morgan, Inc. has a 1 year low of $26.24 and a 1 year high of $34.81. The firm has a market cap of $70.32 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 2.17 and a beta of 0.58.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 21st. The pipeline company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Kinder Morgan had a return on equity of 10.84% and a net margin of 19.64%. The business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the previous year, the firm earned $0.29 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, analysts predict that Kinder Morgan, Inc. will post 1.57 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be issued a $0.2975 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. Kinder Morgan’s dividend payout ratio (DPR) is currently 73.46%.

Kinder Morgan Company Profile

Kinder Morgan, Inc. (NYSE: KMI) is an energy infrastructure company that transports and stores natural gas, crude oil, refined petroleum products and other energy-related commodities. Its assets include pipelines, terminals and storage facilities serving energy producers, utilities, industrial customers and other markets across the United States and Canada. The company’s operations include natural gas transportation and storage, refined-products and crude-oil pipelines, bulk and liquids terminals, and carbon dioxide transportation.