Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Lifted by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 47.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,324 shares of the pipeline company’s stock after acquiring an additional 14,646 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Kinder Morgan were worth $901,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Kinder Morgan by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock worth $3,665,963,000 after purchasing an additional 27,254,172 shares in the last quarter. Norges Bank purchased a new position in shares of Kinder Morgan in the fourth quarter worth approximately $409,063,000. Clearbridge Investments LLC raised its holdings in shares of Kinder Morgan by 23.6% during the first quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock valued at $204,319,000 after acquiring an additional 2,125,648 shares during the period. Energy Income Partners LLC lifted its position in shares of Kinder Morgan by 2.6% in the 1st quarter. Energy Income Partners LLC now owns 10,717,452 shares of the pipeline company’s stock valued at $196,558,000 after acquiring an additional 272,648 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its stake in Kinder Morgan by 45.9% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock worth $182,665,000 after purchasing an additional 3,135,457 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the transaction, the president now owns 916,773 shares in the company, valued at $19,261,400.73. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Sital K. Mody sold 25,169 shares of Kinder Morgan stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.04, for a total value of $529,555.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the sale, the president now owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 148,311 shares of company stock valued at $3,121,891. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

NYSE KMI opened at $21.14 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $46.92 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $21.86. The company has a 50 day moving average price of $21.01 and a two-hundred day moving average price of $19.58.

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

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio is 104.55%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. UBS Group increased their target price on Kinder Morgan from $24.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday. 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 note on Friday. Royal Bank of Canada lifted their target price on Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 30th. Stifel Nicolaus increased their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Finally, Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Eight equities research 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.40.

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.