Kinder Morgan, Inc. (NYSE:KMI) Position Lessened by NCP Inc.

NCP Inc. reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 40.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,056 shares of the pipeline company’s stock after selling 5,416 shares during the quarter. NCP Inc.’s holdings in Kinder Morgan were worth $160,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. SCP Investment LP bought a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $413,000. TD Asset Management Inc raised its stake in Kinder Morgan by 5.8% during the 4th quarter. TD Asset Management Inc now owns 712,249 shares of the pipeline company’s stock valued at $12,564,000 after acquiring an additional 39,208 shares in the last quarter. Scotia Capital Inc. boosted its position in Kinder Morgan by 328.0% during the 4th quarter. Scotia Capital Inc. now owns 68,283 shares of the pipeline company’s stock worth $1,204,000 after acquiring an additional 52,328 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Kinder Morgan by 43.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 4,157,805 shares of the pipeline company’s stock worth $73,344,000 after purchasing an additional 1,262,484 shares in the last quarter. Finally, NEOS Investment Management LLC raised its stake in shares of Kinder Morgan by 36.2% during the fourth quarter. NEOS Investment Management LLC now owns 27,461 shares of the pipeline company’s stock valued at $484,000 after purchasing an additional 7,301 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Sital K. Mody sold 25,169 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.04, for a total value of $529,555.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, 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 transaction of $455,026.25. Following the transaction, the vice president now directly owns 25,169 shares of the company’s stock, valued at $534,841.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sital K. Mody sold 25,169 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.04, for a total transaction of $529,555.76. 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. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $22.59 on Wednesday. The stock’s fifty day simple moving average is $21.31 and its 200 day simple moving average is $19.95. 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. 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, Inc. has a 52-week low of $15.89 and a 52-week high of $22.63.

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). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The company had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same period in the prior year, the business posted $0.24 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, sell-side 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 declared 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 annualized dividend and a dividend yield of 5.09%. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on KMI shares. Scotiabank increased their target price on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 17th. Morgan Stanley upgraded shares of Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 price objective for the company in a report on Monday, September 16th. JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Friday, July 19th. Finally, Royal Bank of Canada boosted their price objective on Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 30th. Nine research 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 stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Hold” and an average price target of $22.55.

Kinder Morgan Company 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.