Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,113,709 shares of the pipeline company’s stock after acquiring an additional 83,111 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.19% of Kinder Morgan worth $81,739,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. True Wealth Design LLC increased its holdings in shares of Kinder Morgan by 3,655.3% in the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 1,389 shares during the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of Kinder Morgan in the first quarter valued at approximately $30,000. OFI Invest Asset Management acquired a new stake in shares of Kinder Morgan in the first quarter valued at approximately $31,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the first quarter valued at approximately $31,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Kinder Morgan in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In related news, VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the transaction, the vice president now directly owns 25,169 shares in the company, valued at $534,841.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the sale, the vice president now directly owns 25,169 shares in the company, valued at $534,841.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares in the company, valued at $6,455,589. The disclosure for this sale can be found here. Over the last three months, insiders sold 148,311 shares of company stock worth $3,121,891. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Up 0.5 %

KMI opened at $21.79 on Friday. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $22.33. The business has a fifty day simple moving average of $21.29 and a 200-day simple moving average of $19.87. The firm has a market cap of $48.36 billion, a P/E ratio of 19.81, a P/E/G ratio of 3.09 and a beta of 0.93. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a yield of 5.28%. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Analyst Upgrades and Downgrades

Several research firms recently commented on KMI. JPMorgan Chase & Co. increased their price target on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Barclays increased their price objective on Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. UBS Group increased their price objective on Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $18.00 to $22.00 in a research report on Tuesday, June 4th. Finally, Scotiabank increased their price objective on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 17th. Nine equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Hold” and an average target price of $22.55.

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.