Pacer Advisors Inc. Sells 11,882 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Pacer Advisors Inc. trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 449,213 shares of the pipeline company’s stock after selling 11,882 shares during the quarter. Pacer Advisors Inc.’s holdings in Kinder Morgan were worth $8,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of KMI. 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 worth $25,000 after purchasing an additional 1,389 shares during the last quarter. Pathway Financial Advisers LLC purchased a new position in shares of Kinder Morgan during the first quarter valued at approximately $30,000. OFI Invest Asset Management purchased a new position in shares of Kinder Morgan during the first quarter valued at approximately $31,000. Redmont Wealth Advisors LLC purchased a new position in shares of Kinder Morgan during the first quarter valued at approximately $31,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Kinder Morgan during the second quarter valued at approximately $31,000. 62.52% of the stock is owned by institutional investors.

Insider Activity at Kinder Morgan

In related news, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction that occurred 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 owns 25,169 shares in the company, valued at $534,841.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, President Thomas A. Martin sold 100,000 shares of the company’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 sale, the president now owns 916,773 shares in the company, valued at $19,261,400.73. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Sital K. Mody sold 21,413 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 25,169 shares of the company’s stock, valued at $534,841.25. The disclosure for this sale can be found here. Insiders have sold a total of 148,311 shares of company stock worth $3,121,891 over the last quarter. Insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. boosted 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. Scotiabank boosted their price target on Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, July 17th. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. Morgan Stanley upgraded Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 target price for the company in a report on Monday, September 16th. Finally, Stifel Nicolaus upped their target price on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Hold” and an average price target of $22.55.

Kinder Morgan Price Performance

Shares of KMI stock opened at $22.18 on Tuesday. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $22.20. The firm has a market capitalization of $49.23 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 2.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37. The stock’s 50-day simple moving average is $21.20 and its 200-day simple moving average is $19.77.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The business 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%. Kinder Morgan’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were given a $0.2875 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a yield of 5.18%. Kinder Morgan’s dividend payout ratio is currently 104.55%.

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.