American Century Companies Inc. Grows Holdings in Kinder Morgan, Inc. (NYSE:KMI)

American Century Companies Inc. grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 346,183 shares of the pipeline company’s stock after buying an additional 5,402 shares during the quarter. American Century Companies Inc.’s holdings in Kinder Morgan were worth $6,879,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KMI. Oregon Public Employees Retirement Fund raised its position in Kinder Morgan by 0.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 165,827 shares of the pipeline company’s stock valued at $3,295,000 after purchasing an additional 530 shares in the last quarter. Premier Path Wealth Partners LLC lifted its position in Kinder Morgan by 1.4% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 39,525 shares of the pipeline company’s stock worth $785,000 after buying an additional 545 shares during the last quarter. Newman Dignan & Sheerar Inc. boosted its stake in Kinder Morgan by 4.3% in the first quarter. Newman Dignan & Sheerar Inc. now owns 13,173 shares of the pipeline company’s stock worth $242,000 after buying an additional 547 shares in the last quarter. First Horizon Advisors Inc. grew its position in Kinder Morgan by 4.4% during the second quarter. First Horizon Advisors Inc. now owns 13,415 shares of the pipeline company’s stock valued at $267,000 after acquiring an additional 566 shares during the last quarter. Finally, Simplicity Wealth LLC raised its stake in shares of Kinder Morgan by 2.2% during the second quarter. Simplicity Wealth LLC now owns 27,478 shares of the pipeline company’s stock worth $546,000 after acquiring an additional 586 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $22.18 on Tuesday. The firm’s 50-day moving average price is $21.20 and its 200-day moving average price is $19.77. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $22.20. The company has a market cap of $49.23 billion, a PE ratio of 20.16, 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.

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

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders 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 yield of 5.18%. Kinder Morgan’s payout ratio is 104.55%.

Insider Buying and Selling at Kinder Morgan

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented 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 report on Wednesday, July 17th. JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. UBS Group raised their price target on Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $18.00 to $22.00 in a research note on Tuesday, June 4th. Finally, Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.55.

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.