Coronation Fund Managers Ltd. Has $15.97 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Coronation Fund Managers Ltd. lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 13.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 803,657 shares of the pipeline company’s stock after selling 122,476 shares during the period. Coronation Fund Managers Ltd.’s holdings in Kinder Morgan were worth $15,969,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KMI. Vanguard Group Inc. increased its holdings in Kinder Morgan by 15.8% in the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock valued at $3,665,963,000 after purchasing an additional 27,254,172 shares during the last quarter. Confluence Investment Management LLC bought a new stake in shares of Kinder Morgan in the 1st quarter valued at about $87,627,000. Castle Hook Partners LP raised its position in shares of Kinder Morgan by 108.2% in the 1st quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock valued at $143,049,000 after acquiring an additional 4,053,793 shares during the period. Kayne Anderson Capital Advisors LP boosted its stake in Kinder Morgan by 45.9% during 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 acquiring an additional 3,135,457 shares during the last quarter. Finally, Duquesne Family Office LLC grew its holdings in Kinder Morgan by 74.0% during the second quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after purchasing an additional 2,872,665 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI opened at $22.59 on Wednesday. The stock has a market capitalization of $50.14 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 3.09 and a beta of 0.93. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $22.63. The firm has a fifty day simple moving average of $21.31 and a 200 day simple moving average of $19.95. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same quarter in the prior year, the company earned $0.24 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Research analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS 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 paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio is currently 104.55%.

Analyst Upgrades and Downgrades

KMI has been the topic of several analyst reports. Royal Bank of Canada increased their target price on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 30th. Morgan Stanley upgraded Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 target price on the stock in a report on Monday, September 16th. Barclays increased their price target on Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Friday, July 19th. Finally, UBS Group increased their target price on Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Nine 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, Kinder Morgan has a consensus rating of “Hold” and a consensus target price of $22.55.

Insider Activity

In related news, President Thomas A. Martin sold 100,000 shares of the business’s stock in a transaction on 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 transaction, the president now directly 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 through this link. In related news, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the sale, the vice president now directly owns 25,169 shares in the company, valued at approximately $534,841.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas A. Martin sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total value of $2,101,000.00. Following the transaction, the president now directly owns 916,773 shares in the company, valued at approximately $19,261,400.73. The disclosure for this sale can be found here. In the last 90 days, insiders sold 148,311 shares of company stock valued at $3,121,891. 12.64% of the stock is owned by insiders.

Kinder Morgan Profile

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.