River Road Asset Management LLC Reduces Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

River Road Asset Management LLC trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 12.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,802,887 shares of the pipeline company’s stock after selling 245,439 shares during the period. River Road Asset Management LLC’s holdings in Kinder Morgan were worth $32,867,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Harbour Investments Inc. purchased a new position in shares of Kinder Morgan during the 1st quarter valued at about $25,000. Certified Advisory Corp purchased a new position in shares of Kinder Morgan during the 1st quarter valued at about $27,000. Loomis Sayles & Co. L P lifted its position in shares of Kinder Morgan by 64.9% during the 1st quarter. Loomis Sayles & Co. L P now owns 1,707 shares of the pipeline company’s stock valued at $28,000 after buying an additional 672 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Kinder Morgan by 368.9% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,721 shares of the pipeline company’s stock valued at $29,000 after buying an additional 1,354 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC lifted its position in shares of Kinder Morgan by 279.9% during the 1st quarter. Prime Capital Investment Advisors LLC now owns 1,907 shares of the pipeline company’s stock valued at $32,000 after buying an additional 1,405 shares in the last quarter. 59.33% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Thomas A. Martin sold 66,607 shares of the company’s stock in a transaction on Friday, August 6th. The stock was sold at an average price of $17.08, for a total transaction of $1,137,647.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 1,500 shares of the company’s stock in a transaction dated Friday, June 25th. The shares were sold at an average price of $18.23, for a total value of $27,345.00. Following the transaction, the vice president now directly owns 42,219 shares in the company, valued at $769,652.37. The disclosure for this sale can be found here. 14.22% of the stock is currently owned by corporate insiders.

A number of research firms recently commented on KMI. Wells Fargo & Company reissued an “underweight” rating on shares of Kinder Morgan in a report on Wednesday, May 19th. Morgan Stanley cut Kinder Morgan from an “equal weight” rating to an “underweight” rating and set a $18.00 price target on the stock. in a report on Wednesday, May 26th. Mizuho boosted their price target on Kinder Morgan from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, July 22nd. The Goldman Sachs Group cut Kinder Morgan from a “neutral” rating to a “sell” rating in a report on Sunday, June 13th. Finally, Stifel Nicolaus cut Kinder Morgan from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a report on Tuesday, June 15th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $16.93.

Shares of Kinder Morgan stock opened at $16.18 on Wednesday. The stock’s fifty day moving average is $17.03 and its two-hundred day moving average is $17.27. The company has a market capitalization of $36.67 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 4.09 and a beta of 1.12. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.00. Kinder Morgan, Inc. has a 52 week low of $11.45 and a 52 week high of $19.29.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Tuesday, July 20th. The pipeline company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $2.90 billion. Kinder Morgan had a return on equity of 9.34% and a net margin of 11.91%. Kinder Morgan’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 EPS. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.3 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 16th. Shareholders of record on Monday, August 2nd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 6.67%. The ex-dividend date of this dividend was Friday, July 30th. Kinder Morgan’s dividend payout ratio is 122.73%.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company. The firm engages in the operation of pipelines and terminals that transport natural gas, gasoline, crude oil, carbon dioxide (CO2) and other products and stores petroleum products chemicals and handles bulk materials like ethanol, coal, petroleum coke and steel.

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

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