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Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by First Pacific Advisors LP

Kinder Morgan logo with Energy background

First Pacific Advisors LP lowered its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 41.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,471,851 shares of the pipeline company's stock after selling 3,137,049 shares during the period. Kinder Morgan comprises approximately 2.0% of First Pacific Advisors LP's holdings, making the stock its 19th largest position. First Pacific Advisors LP owned 0.20% of Kinder Morgan worth $127,582,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Kinder Morgan by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock worth $1,414,813,000 after buying an additional 1,252,609 shares during the period. Norges Bank bought a new position in shares of Kinder Morgan during the 4th quarter valued at about $917,523,000. Northern Trust Corp boosted its holdings in shares of Kinder Morgan by 8.3% during the 4th quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock valued at $573,834,000 after purchasing an additional 1,608,499 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Kinder Morgan by 16.8% during the 4th quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company's stock valued at $403,101,000 after purchasing an additional 2,116,576 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its holdings in shares of Kinder Morgan by 5.4% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 10,786,581 shares of the pipeline company's stock valued at $307,741,000 after purchasing an additional 553,395 shares during the last quarter. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Performance

NYSE:KMI traded down $0.18 during trading hours on Monday, reaching $27.22. 5,758,752 shares of the company's stock were exchanged, compared to its average volume of 14,336,927. The firm has a market capitalization of $60.47 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 3.48 and a beta of 0.75. The company has a 50-day moving average of $27.95 and a 200 day moving average of $27.57. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a 1-year low of $19.68 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter last year, the business earned $0.26 EPS. The business's revenue was up 13.2% on a year-over-year basis. Research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

Wall Street Analyst Weigh In

Several research firms have commented on KMI. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Royal Bank Of Canada upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Cowen started coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating on the stock. Barclays restated an "overweight" rating and set a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Finally, Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.13.

Read Our Latest Analysis on Kinder Morgan

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the sale, the president owned 771,652 shares in the company, valued at $21,806,885.52. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.73% of the stock is owned by company insiders.

Kinder Morgan Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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