Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 399,776 shares of the pipeline company’s stock after purchasing an additional 15,172 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Kinder Morgan were worth $7,944,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its holdings in 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 during the first quarter worth approximately $30,000. OFI Invest Asset Management acquired a new stake in Kinder Morgan in the first quarter valued at $31,000. Redmont Wealth Advisors LLC acquired a new position in Kinder Morgan during the 1st quarter worth $31,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Kinder Morgan in the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on KMI shares. Morgan Stanley upgraded Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 price objective on the stock in a research note on Monday, September 16th. Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Stifel Nicolaus increased their price target on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Finally, Scotiabank upped their price objective on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note 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 issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $22.55.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $21.79 on Monday. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $21.88. The stock has a market capitalization of $48.36 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 2.90 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. The stock’s fifty day simple moving average is $21.16 and its 200 day simple moving average is $19.74.

Kinder Morgan (NYSE:KMI) last posted 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). 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 for the quarter, compared to analyst estimates of $4.13 billion. During the same quarter in the previous year, the firm posted $0.24 EPS. Kinder Morgan’s quarterly revenue was up 2.0% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio is 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.