Employees Retirement System of Texas Decreases Position in Kinder Morgan Inc (KMI)

Employees Retirement System of Texas trimmed its position in shares of Kinder Morgan Inc (NYSE:KMI) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 305,000 shares of the pipeline company’s stock after selling 19,000 shares during the period. Employees Retirement System of Texas’ holdings in Kinder Morgan were worth $5,511,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. IFM Investors Pty Ltd raised its holdings in shares of Kinder Morgan by 5.7% during the 3rd quarter. IFM Investors Pty Ltd now owns 57,235 shares of the pipeline company’s stock valued at $1,098,000 after buying an additional 3,072 shares in the last quarter. Callahan Advisors LLC raised its holdings in shares of Kinder Morgan by 0.8% during the 4th quarter. Callahan Advisors LLC now owns 425,080 shares of the pipeline company’s stock valued at $7,681,000 after buying an additional 3,198 shares in the last quarter. Andra AP fonden raised its holdings in shares of Kinder Morgan by 1.9% during the 3rd quarter. Andra AP fonden now owns 168,500 shares of the pipeline company’s stock valued at $3,232,000 after buying an additional 3,200 shares in the last quarter. Financial Advantage Inc. raised its holdings in shares of Kinder Morgan by 1.1% during the 4th quarter. Financial Advantage Inc. now owns 305,025 shares of the pipeline company’s stock valued at $5,512,000 after buying an additional 3,204 shares in the last quarter. Finally, Beach Investment Counsel Inc. PA raised its holdings in shares of Kinder Morgan by 2.5% during the 4th quarter. Beach Investment Counsel Inc. PA now owns 141,681 shares of the pipeline company’s stock valued at $2,560,000 after buying an additional 3,475 shares in the last quarter. 61.30% of the stock is currently owned by institutional investors.

Shares of Kinder Morgan Inc (KMI) opened at $17.01 on Friday. The firm has a market capitalization of $37,530.00, a P/E ratio of -31.50, a PEG ratio of 1.13 and a beta of 0.56. Kinder Morgan Inc has a 1 year low of $16.56 and a 1 year high of $21.98. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.37.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.52 billion. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.08 EPS. equities research analysts anticipate that Kinder Morgan Inc will post 0.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.94%. Kinder Morgan’s dividend payout ratio is currently -92.59%.

In other Kinder Morgan news, VP Thomas A. Martin acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were purchased at an average cost of $17.10 per share, for a total transaction of $51,300.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William A. Smith acquired 5,500 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was acquired at an average price of $19.52 per share, for a total transaction of $107,360.00. Following the completion of the transaction, the director now owns 14,587 shares in the company, valued at approximately $284,738.24. The disclosure for this purchase can be found here. 13.99% of the stock is currently owned by company insiders.

A number of brokerages recently weighed in on KMI. JPMorgan Chase & Co. decreased their price objective on Kinder Morgan from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Monday, February 12th. Zacks Investment Research cut Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating in a research note on Monday, January 29th. They noted that the move was a valuation call. Bank of America initiated coverage on Kinder Morgan in a research note on Tuesday, January 9th. They issued a “neutral” rating on the stock. Finally, Wells Fargo & Co reaffirmed a “market perform” rating on shares of Kinder Morgan in a research note on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. Kinder Morgan has a consensus rating of “Hold” and an average price target of $22.50.

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Kinder Morgan Profile

Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.

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

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