SL Advisors LLC Sells 416 Shares of Kinder Morgan, Inc. (NYSE:KMI)

SL Advisors LLC lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,881 shares of the pipeline company’s stock after selling 416 shares during the quarter. Kinder Morgan accounts for 2.2% of SL Advisors LLC’s portfolio, making the stock its 13th biggest holding. SL Advisors LLC’s holdings in Kinder Morgan were worth $1,312,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Kinder Morgan by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock valued at $335,891,000 after buying an additional 257,658 shares during the period. Kayne Anderson Capital Advisors LP grew its position in Kinder Morgan by 0.7% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after purchasing an additional 69,307 shares during the period. Barclays PLC lifted its holdings in shares of Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after buying an additional 2,334,273 shares during the period. Marshall Wace LLP lifted its holdings in Kinder Morgan by 20.6% in the second quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock valued at $154,409,000 after acquiring an additional 1,328,082 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of Kinder Morgan by 2.2% in the 3rd quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock valued at $163,116,000 after purchasing an additional 164,152 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 745,263 shares of company stock valued at $18,578,014 in the last ninety days. Company insiders own 12.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KMI. UBS Group lifted their price target on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Bank of America assumed coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Morgan Stanley set a $26.00 target price on Kinder Morgan in a research note on Friday, October 18th. Finally, The Goldman Sachs Group boosted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.25.

Kinder Morgan Stock Performance

KMI stock traded up $0.18 during trading on Wednesday, hitting $27.99. The company had a trading volume of 5,656,976 shares, compared to its average volume of 10,597,570. The firm has a 50-day moving average price of $27.08 and a 200-day moving average price of $23.61. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $28.81. The firm has a market cap of $62.18 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 EPS. On average, analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio is currently 100.88%.

About Kinder Morgan

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